Mercedes-Benz Canada is divesting all of its corporate-owned dealerships in the Greater Toronto Area, the company said Tuesday. Taking on ownerships of the dealerships, which are collectively referred to as the Toronto Retail Group, are the AWIN Group of Dealerships ... [Read More]

Not only did Canadian Black Book’s Used Vehicle Retention Index reach another record high in November, the month-over-month and year-over-year increases in the index were all-time highs, as well. Specifically, the CBB index was at 152.6 points for November, which beat ... [Read More]

TRADE X, a Canada-based cross-border automotive trading platform, has lined up more debt financing. The company said Tuesday it has secured two additional asset-backed lines of credit, both of which are $25 million (USD) with accordion features to expand to ... [Read More]

AutoCanada has more than doubled its presence in Ontario with its latest acquisition. The Edmonton-based dealer group said Wednesday it has completed its purchase of 11 Autopoint Group dealerships in southwestern Ontario. AutoCanada now has 18 stores in the province. ... [Read More]

AutoVerify announced earlier this month that it has integrated iA Dealer Services products into its AutoVerify Spotlight piece of its digital merchandising solution. This partnership is designed to help dealers boost F&I penetration. AutoVerify said it can give dealers a “one-stop-shop” ... [Read More]

Canada Drives has lined up a deal to be the official Used Car Retailer & Auto Finance partner of the Canadian Football League, according to a release from the CFL. The partnership is a multi-year deal and will include various ... [Read More]

Online auto retail platform Clutch has raised $100 million (CAD) in Series B equity financing led by D1 Capital Partners. Also participating in the round announced last week were Flight Deck Capital, Canaan Partners, Upper90, Real Ventures, GFC, Brand Project and ... [Read More]

E Automotive Inc., which is the company behind the EBlock digital wholesale marketplace and the EDealer digital retail products, said Wednesday it has closed its initial public offering. The offering of 5.9 million common shares priced at $23.00 (CAD) per ... [Read More]

Kijiji Autos has teamed up with Cox Automotive Canada to launch a digital retail marketplace, the companies announced Monday. Through the Kijiji Autos solution enabled by Cox Automotive and utilizing its Dealertrack and Kelley Blue Book capabilities, consumers can pick ... [Read More]

E Automotive Inc., which is the company behind the EBlock digital wholesale marketplace and the EDealer digital retail products, is officially a publicly traded company in Canada.   Common shares of the company began trading on the Toronto Stock Exchange ... [Read More]