IAA adds CARFAX Canada history reports to non-branded, repairable cars in Canada
Tuesday, Aug. 23, 2022, 01:54 PM
Auto Remarketing Canada Staff
IAA said Monday that its non-branded repairable vehicles in Canada now include vehicle history reports from CARFAX Canada. Buyers will be able to see any available report, with no limits, and won’t have to pay for the report until they ... [Read More]
EBlock parent adjusts growth strategy
Thursday, Aug. 11, 2022, 05:54 PM
Auto Remarketing Canada Staff
EBlock has pivoted its growth strategy. Instead of a U.S.-wide expansion plan with a year-end 2023 target date, the digital wholesale marketplace will concentrate on its existing markets of Canada, the U.S. West, Midwest and Gulf States, parent company E ... [Read More]
Holand Automotive Group acquires Circuit Mont-Tremblant
Friday, Aug. 5, 2022, 07:34 PM
Auto Remarketing Canada Staff
When Roger Penske, Rick Hendrick and the late Bruton Smith are mentioned, you might just quickly think of auto racing as fast as vehicle retailing. Holand Automotive Group president and chief executive officer Gad Bitton now is on a similar ... [Read More]
AutoCanada buys Ford store in western Manitoba
Thursday, Aug. 4, 2022, 02:03 PM
Auto Remarketing Canada Staff
AutoCanada said Tuesday it has spread to western Manitoba, purchasing Kelleher Ford in Brandon. The store, which also includes a collision center, is western Manitoba’s largest Ford dealership. Current management will remain. “This high-quality operation is our second Ford dealership ... [Read More]
AFG Canada appoints new operations manager
Thursday, Aug. 4, 2022, 01:43 PM
Auto Remarketing Canada Staff
Auto Financial Group Canada has named a new operations manager. Promoted to the role is Rachel Fern, who has been with the company for more than four years. Fern will work with all departments in AFG’s Canada operations and Houston ... [Read More]
Canadian used-car prices may be post-peak, but remain significantly elevated
Thursday, Jul. 21, 2022, 03:04 PM
Auto Remarketing Canada Staff
After hitting a high in March, wholesale vehicle values in Canada have now fallen sequentially for three straight months, and the year-over-year growth — while still in double-digit percentages — has moderated. Still, used-car prices remain “extremely high,” as Canadian Black Book ... [Read More]
Canadian auto lenders boost value for dealers amid challenging market
Tuesday, Jul. 19, 2022, 03:08 PM
Sarah Rubenoff, Correspondent
The J.D. Power 2022 Canada Dealer Financing Satisfaction Study analyzed the Canadian auto finance sector and, perhaps not surprisingly, found that supply-chain issues are affecting available inventory at auto dealerships in Canada. Additionally, J.D Power said in a news release ... [Read More]
Inside one company’s journey to enable cryptocurrency options for Canadian dealers
Thursday, Jul. 14, 2022, 02:30 PM
Sarah Rubenoff, Correspondent
Cryptocurrency usage is gaining popularity at a dramatic pace, especially among the millennial generation. In fact, according to data cited by Cion Digital president and co-founder Fred Brothers — whose company delivers a cryptocurrency purchasing option for auto dealers — ... [Read More]
SIXT expanding to Canada
Tuesday, Jul. 12, 2022, 01:57 PM
Auto Remarketing Canada Staff
Global mobility provider SIXT is entering Canada. The rental car company said Tuesday it will launch first in Vancouver — with its debut Canadian branch in the city’s Library Square — followed by Toronto. “Expanding into Canada is a huge ... [Read More]
Axis subsidiary Pivotal lines up $55M funding facilities
Tuesday, Jul. 12, 2022, 01:42 PM
Auto Remarketing Canada Staff
Axis Auto Finance announced in early July that its Pivotal Capital Corp. commercial equipment finance subsidiary has lined up an additional funding facility with Mitsubishi HC Capital Canada. The funding facility includes a purchase facility of up to $50 million ... [Read More]