Service departments bounce back, provide dealers opportunity for big profits, customer trust
Thursday, Oct. 20, 2022, 03:14 PM
Sarah Rubenoff, Correspondent
The vehicle service market is on the rise in the automotive industry, according to new research from J.D. Power. The recently released 2022 Canada Customer Service Index shows that as vehicle owners in Canada transition to a “post-pandemic world” and ... [Read More]
AutoVerify buys Car Media 2.0
Tuesday, Oct. 18, 2022, 03:30 PM
Auto Remarketing Canada Staff
AutoVerify announced it has purchased Car Media 2.0, which provides vehicle inventory imaging services to dealers. With shoppers expecting to be able to get detailed interior and exterior vehicle imagery online, this move “enables AutoVerify to help dealers provide this type ... [Read More]
AutoCanada’s acquisition of North Toronto Auction sign of changing wholesale, retail landscape
Thursday, Oct. 13, 2022, 02:45 PM
Sarah Rubenoff, Correspondent
From franchised dealerships and collision centers to independent stores and now auctions, AutoCanada has been on the acquisition path this year. Its latest purchase marked the publicly traded dealer group’s first foray into the wholesale industry. AutoCanada recently announced its ... [Read More]
Vincentric honors ‘Best CPO Value in Canada’ winners
Tuesday, Oct. 11, 2022, 03:26 PM
Auto Remarketing Canada Staff
Vincentric spotlighted its 2022 Best CPO Value in Canada Awards last week, and standing out from the pack were Toyota and Hyundai. Both took home four model-level wins as well as one brand award apiece, with Toyota earning top marks ... [Read More]
Upgrades to ADESA Canada, TradeRev marketplaces designed to drive efficiency
Tuesday, Oct. 11, 2022, 02:02 PM
Auto Remarketing Canada Staff
KAR Global announced upgrades in Canada last week that are designed to make processing Assurance claims and arbitration more efficient for its ADESA Canada and TradeRev marketplaces, and allow bulk checkout for purchases on these online platforms. With the enhancements, ... [Read More]
Dilawri dealers sweep inaugural J.D. Power Dealer of Excellence Program in Canada
Thursday, Oct. 6, 2022, 02:55 PM
Auto Remarketing Canada Staff
J.D. Power has launched its J.D. Power Dealer of Excellence Program in Canada, and sweeping the inaugural list of honorees is the Dilawri Group, whose Markham Honda, Dixie Mazda, Acura North Toronto, Volkswagen de Sources and Audi Queensway stores were ... [Read More]
Canada Drives lands $10M in equity funding
Thursday, Oct. 6, 2022, 02:26 PM
Auto Remarketing Canada Staff
Online car shopping and delivery platform Canada Drives said Thursday it has closed another $10 million (CAD) in equity funding from existing strategic investors. This follows a $40 million funding round in June from goeasy Ltd. Canada Drives, which has ... [Read More]
AutoCanada acquires North Toronto Auction
Tuesday, Oct. 4, 2022, 09:42 PM
Auto Remarketing Canada Staff
In the past 60 days, AutoCanada has acquired a franchised dealership, a large independent store and a collision center. Late on Tuesday, the company announced it acquired an auto auction by making a deal to get North Toronto Auction, a ... [Read More]
Continued declines in Canadian wholesale vehicle prices
Tuesday, Oct. 4, 2022, 02:15 PM
Auto Remarketing Canada Staff
It was another week of price slowdowns in the Canadian wholesale market, with overall values dropping 0.27% for the week ending Friday, according to the latest Market Insights report from Canadian Black Book. That compares to a 0.30% decline the ... [Read More]
Canadian wholesale vehicle prices fall again
Thursday, Sep. 29, 2022, 02:35 PM
Auto Remarketing Canada Staff
It was another week of falling prices in the Canadian wholesale vehicle market. The overall market was down 0.30% for the week ending Sept. 23, steady with … [Read More]