Canadian wholesale market trends up for first time in 2.5 years
Friday, Sep. 13, 2024, 10:05 AM
Auto Remarketing Canada Staff
One month is a data point. Two months is … a trend? For the second month in a row, Canadian Black Book’s Used Vehicle Retention Index was up from the previous month, registering at 136.0 for August. That’s an increase ... [Read More]
AutoCanada begins financial ‘realignment’ with sale of 2 Alberta dealerships
Thursday, Sep. 12, 2024, 10:30 AM
Auto Remarketing Canada Staff
AutoCanada’s quest to return to financial stability has begun. The Edmonton-based dealership group said Wednesday it has sold two of its Stellantis stores in Alberta – Ponoka Chrysler Dodge Jeep Ram in Ponoka and Airdrie Chrysler Dodge Jeep Ram on ... [Read More]
AutoLeap announces integration with parts distributor Worldpac
Thursday, Sep. 12, 2024, 10:29 AM
Auto Remarketing Canada Staff
AutoLeap, a cloud-based auto repair management software provider, announced an integration with wholesale OEM replacement parts distributor Worldpac speedDIAL, providing access to Worldpac’s catalog through AutoLeap’s shop management software. The integration allows AutoLeap users to search for and order parts ... [Read More]
Toyota Canada donates $100,000 for school breakfasts; Subaru extends initiative to celebrate the outdoors
Tuesday, Sep. 10, 2024, 12:51 PM
Auto Remarketing Canada Staff
At the start of the school year, Toyota Canada is helping make sure students get their days off to a good start. The automaker donated $100,000 to Breakfast Club of Canada’s nationwide movement to increase access to quality school breakfast ... [Read More]
Study finds inflation raises cost of auto repairs — and age of Canada’s vehicles
Thursday, Sep. 5, 2024, 10:34 AM
Auto Remarketing Canada Staff
Inflation has driven up the cost of auto repair and maintenance in Canada — and is also driving up the age of the nation’s vehicles. J.D. Power’s 2024 Canada Customer Service Index — Long-Term Study found the average cost of ... [Read More]
Rate of decline increases again in Canadian wholesale market
Thursday, Sep. 5, 2024, 10:33 AM
Auto Remarketing Canada Staff
After a brief slowdown, the Canadian wholesale used-vehicle market’s long downward trend picked up pace again for the week ending Aug. 31. In its weekly Market Insights report, Canadian Black Book reported a 0.29% decline in the overall market, a ... [Read More]
PODCAST: Pam answers call to be gem in office communications
Thursday, Aug. 29, 2024, 10:28 AM
Auto Remarketing Canada Staff
To conclude our series of Auto Remarketing Podcast episodes from Canada’s Used Car Week this summer, we sit down with Samee Khan and Abdullah Baig, who are the founders of Pam — an artificial intelligence-based service designed to improve the ... [Read More]
Canadian wholesale value decline slows for a week
Thursday, Aug. 29, 2024, 09:51 AM
Auto Remarketing Canada Staff
The decline continues – just a little more slowly. Canadian Black Book’s weekly Market Insights showed the Canadian wholesale used-vehicle market fell by 0.20% for the week ending Aug. 24, a bit less of than the 0.28% drop of the ... [Read More]
Kot Auto acquires 10th BC dealership, taking another step in expansion plan
Tuesday, Aug. 27, 2024, 10:29 AM
Auto Remarketing Canada Staff
Kot Auto Group’s growth plan has taken another step forward. The British Columbia-based dealership group expanded to 10 locations with the acquisition of Sunrise Ford in 100 Mile House, B.C. The dealership, which includes a service department and body shop, ... [Read More]
Forecast cloudy for AutoCanada after struggling through a stormy Q2
Friday, Aug. 23, 2024, 10:55 AM
Andrew Friedlander, Associate Editor
Having weathered a series of storms over the past few months, AutoCanada is looking at more dark clouds ahead and searching for a silver lining.
But executive chairman Paul Antony said during the dealership group’s second-quarter earnings call, the outlook is still iffy.
“It’s just something we can’t forecast right now,” he said. “From my perspective, I think we’ll have ... [Read More]