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]
GM Financial Canada now managing GM Protection products
Thursday, Sep. 15, 2022, 02:25 PM
Auto Remarketing Canada Staff
GM Financial Canada has taken over for General Motors Canada as the program manager for GM Protection protects, a move that was effective last month, the company said in a news release Wednesday. GM Financial Canada will head up development ... [Read More]
Kot Auto Group adds 1st CJDR store, expands on Vancouver Island
Tuesday, Sep. 13, 2022, 04:07 PM
Auto Remarketing Canada Staff
British Columbia-based Kot Auto Group has added its first Chrysler-Jeep-Dodge-Ram store, purchasing Woodgrove Chrysler. The store is Kot’s second on Vancouver Island, having purchased Victoria Hyundai in June 2019. “We are excited to expand with a dedicated domestic brand to ... [Read More]
Mercedes-Benz Canada names new CEO
Tuesday, Aug. 30, 2022, 02:38 PM
Auto Remarketing Canada Staff
Mercedes-Benz Canada will have a new president and chief executive officer on Oct. 1. Succeeding Eva Wiese will be Andreas Tetzloff, who has headed up Mercedes-Benz Russia since March. Wiese will become managing director of Mercedes-Bez Customer Solutions GmbH. “On ... [Read More]
AutoVerify purchases iDealerPlus software platform
Tuesday, Aug. 23, 2022, 02:37 PM
Auto Remarketing Canada Staff
AutoVerify announced Tuesday it has acquired iDealerPlus, a dealer-facing software platform that aims to match consumers to a specific vehicle in a dealer’s inventory based on their credit profile and the dealer’s profitability guidelines. “By integrating iDealerPlus into the AutoVerify ... [Read More]
AutoCanada acquires autobody center in Ontario
Tuesday, Aug. 23, 2022, 02:20 PM
Auto Remarketing Canada
AutoCanada said Monday it has purchased Markham, Ontario-based Velocity Autobody, which is a Tesla-certified, I-CAR Gold Class collision center. This is the seventh collision center AutoCanada has acquired since the fourth quarter of 2020, said executive chairman Paul Antony, who ... [Read More]