GM, Toyota lead ALG Residual Value Awards for Canada
Thursday, Feb. 3, 2022, 04:01 PM
Auto Remarketing Canada Staff
ALG shared the winners of the J.D. Power 2022 Canada ALG Residual Value Awards on Thursday, and topping the list with the most segment awards was Toyota Canada, with 10, followed by GM Canada (five). Specifically, Toyota won seven model-level ... [Read More]
iA Auto Finance names new president
Tuesday, Feb. 1, 2022, 03:15 PM
Auto Remarketing Canada Staff
iA Auto Finance has a new president: longtime company veteran Charles Parent, iA said in a LinkedIn post last month. “A trained actuary, a truly passionate, humble and honest person with 20 years of experience in the iA family: that's ... [Read More]
After ups and downs, wholesale vehicle prices in Canada steady last week
Thursday, Jan. 27, 2022, 03:05 PM
Auto Remarketing Canada Staff
The Canadian wholesale vehicle market closed 2021 with 21 consecutive week-over-week increases. And then, 2022 started with two straight declines, according to Canadian Black Book, which said overall market prices fell 0.10% the week ending Jan. 7 and 0.05% the week ... [Read More]
Canada Drives hires new CTO to build on 2021 growth
Tuesday, Jan. 25, 2022, 02:56 PM
Auto Remarketing Canada Staff
Canada Drives tapped an experienced executive from the entertainment and gaming worlds to be its new chief technology officer. On Monday, the 100% online vehicle shopping and to-your-door delivery platform announced that Darcy Reno has joined the Canada Drives executive ... [Read More]
CBB hires former VW Canada exec as director of sales, data & licensing
Tuesday, Jan. 18, 2022, 01:30 PM
Auto Remarketing Canada Staff
Canadian Black Book has named a director of sales, data and licensing, appointing former Volkswagen Canada executive Kelly-Ann Neary to the role. Neary has spent 20 years working on the OEM side of the business. Her most recent post ... [Read More]
New VP at AFG Leasing Canada
Thursday, Jan. 13, 2022, 02:11 PM
Auto Remarketing Canada Staff
Houston-based Auto Financial Group reinforced its Canadian leadership this week. The company announced that Mark Caschera has been appointed vice president of AFG Leasing Canada in a move meant to bolster AFG’s mission to expand its program in Canada to ... [Read More]
CPO car sales at record clip for some automakers in Canada
Tuesday, Jan. 11, 2022, 04:09 PM
Joe Overby, Senior Editor
Never before has certified pre-owned had this great a share of used sales at Mercedes-Benz Canada. The company said in a sales release it had overall pre-owned sales of 16,795 vehicles last year, which was up 9.8% year-over-year. And a ... [Read More]
Used-car prices at ‘historical high’ as wholesale index growth streak continues
Thursday, Jan. 6, 2022, 03:02 PM
Auto Remarketing Canada Staff
While many were counting down from 10 on New Year’s Eve, the used-car industry in Canada was counting up. To 21, that is. The final week of 2021 marked the 21st consecutive time that wholesale vehicle prices increased in Canada, ... [Read More]
Automotive Properties REIT inks deal to buy 2 Honda stores in Quebec
Tuesday, Jan. 4, 2022, 02:56 PM
Auto Remarketing Canada Staff
Just before 2021 closed, the Automotive Properties Real Estate Investment Trust said it had signed a $23.4 million deal with a dealership group to buy the Sherbrooke Honda and Magog Honda properties in Quebec. Additionally, the REIT exercised its Right ... [Read More]
E Inc. hires former Waze, Google executive as CMO
Monday, Jan. 3, 2022, 05:59 PM
Auto Remarketing Canada Staff
E Automotive Inc., which is the company behind the EBlock digital wholesale marketplace and the EDealer digital retail products, has hired a former Waze and Google executive as its first chief marketing officer. Joining E Inc. as CMO is Emma ... [Read More]