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]
AutoCanada continues M&A growth with purchase of Winnipeg used-car store
Tuesday, Sep. 27, 2022, 02:41 PM
Auto Remarketing Canada Staff
In a move that it says broadens its Used Digital Retail initiative, AutoCanada has purchased independent used-car dealership Auto Gallery of Winnipeg. AutoCanada said the acquisition of the store, which also includes the underlying real estate, would bring in annual ... [Read More]
STEER adds Florida to market roster
Tuesday, Sep. 20, 2022, 03:02 PM
Auto Remarketing Canada Staff
Facedrive Inc. has expanded its STEER EV electric vehicle subscription service to Florida, the company’s third U.S. market. STEER launched in Washington, D.C., in May 2019, and was acquired by Facedrive in September 2020. It expanded to Canada last year, ... [Read More]
COMMENTARY: New wave of privacy regulations set to crash down on auto remarketing industry in Canada
Tuesday, Sep. 20, 2022, 02:37 PM
Andrea Amico, Privacy4Cars
This week, a monumental privacy regulatory change takes effect in Canada that will directly impact the remarketing operations of auto consignors and their suppliers — chiefly among them auto auctions, recovery agents, and vehicle inspectors, in addition to fleet, rental and ... [Read More]
AutoCanada talks investments in US dealerships
Friday, Sep. 16, 2022, 03:49 PM
Sarah Rubenoff, Correspondent
AutoCanada, the only publicly traded dealer group based in Canada, first forayed into the U.S. in 2018, when it bought the Grossinger Auto Group in Illinois. This acquisition added eight dealerships to the group’s linkup in Metro Chicago, plus another ... [Read More]
M&A experts foresee Canadian dealers continuing to make larger investments south of the border
Friday, Sep. 16, 2022, 02:04 PM
Sarah Rubenoff, Correspondent
There’s a trend that may have started back before the pandemic, but is ramping up recently: Canadian dealers are increasingly looking south of the border, eyeing mergers, acquisitions and opportunities in the U.S. Auto Remarketing Canada spoke with a variety ... [Read More]