AutoCanada buys paintless dent repair provider
Tuesday, Feb. 28, 2023, 03:27 PM
Auto Remarketing Canada Staff
AutoCanada announced an acquisition Tuesday that can help strengthen the retailer’s service and repair operations. The company has purchased DCCHail, which is a Canadian paintless dent repair company that specializes in insurance claim management and fixing vehicles damaged by hail. ... [Read More]
Vehicle aftermarket tech startup WeeL raises $750K in funding
Thursday, Feb. 23, 2023, 04:16 PM
Auto Remarketing Editor Joe Overby
Toronto-based WeeL, a tech startup in the automotive aftermarket space, announced a $750,000 (CAD) round of funding on Wednesday, marking its first external fundraising. WeeL began with at-home vehicle maintenance in the Greater Toronto Area and is now raising capital ... [Read More]
Canadian used-car retail sales market fares better than new
Tuesday, Feb. 14, 2023, 03:38 PM
Sarah Rubenoff, Correspondent
The retail auto industry in Canada has experienced significant turmoil since early 2020 when COVID hit, both in the new and used markets. Pile on economic shutdowns, production challenges, short new and used inventory, price hikes, and more, and you ... [Read More]
CBB launches Retail Listings Visualization dashboard
Tuesday, Feb. 14, 2023, 03:25 PM
Auto Remarketing Staff
On Monday, Canadian Black Book introduced a Retail Listings Visualization dashboard for the Canadian auto industry that gives its clients into such statistics as vehicle portfolios, brand penetration, in-market and out-of-market sales, and certified pre-owned optimization. Additionally, the dashboard allows ... [Read More]
Amid ongoing supply constraint, buyers & sellers in Canadian wholesale market ‘trying to figure things out’
Thursday, Feb. 9, 2023, 04:21 PM
Sarah Rubenoff, Correspondent
Although digital remarketing was on the rise before COVID, many in the industry still preferred the in-lane process and physical auction sales. Then the pandemic hit. And the economic shutdown was soon to follow. With the closing of auctions’ physical ... [Read More]
HeyAuto, Privacy4Cars partner to help dealers remain compliant, amid growing consumer protection laws
Thursday, Feb. 9, 2023, 03:47 PM
Sarah Rubenoff, Correspondent
Cars are becoming more connected. And with that comes challenges around how this new technology works. Plus, the need for effective and auditable solutions to meet growing regulatory requirements around connectivity technnology to protect consumers has never been higher. That’s why ... [Read More]
Most pressing trends in Canadian auto finance market for 2023
Tuesday, Feb. 7, 2023, 03:18 PM
Sarah Rubenoff, Correspondent
In the auto finance world, things are surely changing rapidly. Prices for new- and used-car inventory were finally coming down a bit in late 2022, perhaps bringing more buyers into buy or “just look” during the holiday season. Axis Auto ... [Read More]
Dealer groups: AutoCanada amends credit facility; Lithia adds to Canadian footprint
Tuesday, Feb. 7, 2023, 03:07 PM
Auto Remarketing Canada Staff
This dealer group roundup includes news from two retailers with footprints in both the U.S. and Canada. Starting with Edmonton-based AutoCanada, the company said Monday it has amended its credit facility, which has also been extended to April 15, 2026. ... [Read More]
Go Auto buys 1st US stores, acquiring Mercedes & Toyota dealerships in Washington state
Wednesday, Feb. 1, 2023, 09:17 PM
Auto Remarketing Canada Staff
Another Canadian dealer group is making moves in the United States. Canada’s Go Auto, a family-owned dealer group based in Edmonton, has made its first U.S. acquisition, announcing Wednesday it has purchased Washington state’s Mercedes-Benz of Bellingham and Toyota of Bellingham. ... [Read More]
Automotive Ventures adds Trader Canada executive as advisor
Tuesday, Jan. 24, 2023, 02:20 PM
Auto Remarketing Canada Staff
Automotive Ventures has added Trader Canada executive Paul Whitworth as an advisor, the company said Monday. Whitworth’s experience also includes helping to develop the Retail Solutions business unit at Cox Automotive as well as co-founding AutoPoint, working as an original ... [Read More]