Kijiji Autos, Cox Automotive Canada launch digital retail marketplace
Tuesday, Nov. 9, 2021, 04:47 PM
Auto Remarketing Canada Staff
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 Inc. goes public in Canada
Thursday, Nov. 4, 2021, 02:34 PM
Auto Remarketing Canada Staff
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]
AiM to provide inspections for North American transactions on TRADE X cross-border platform
Tuesday, Nov. 2, 2021, 02:30 PM
Auto Remarketing Canada Staff
TRADE X, a Canada-based cross-border automotive trading platform, said Tuesday it has teamed up with Alliance Inspection Management for used-car inspections in North America. Under the partnership, AiM will be the inspection provider for all TRADE X transactions in the ... [Read More]
11 straight weeks of rising wholesale vehicle prices in Canada
Thursday, Oct. 28, 2021, 03:18 PM
Auto Remarketing Canada Staff
Like the 1970s Canadiens or 1980s Islanders, the wholesale vehicle market in Canada is on a streak. Wholesale prices have now climbed 11 straight weeks, according to Canadian Black Book, which said in a market update that values were up ... [Read More]
Newfoundland and Labrador Credit Union finalizes agreement with AFG Canada
Sunday, Oct. 24, 2021, 12:42 PM
Auto Remarketing Canada Staff
More financing options now are available for dealerships and their customers in Canada’s rural provinces. Last week, AFG Canada announced that Newfoundland and Labrador Credit Union (NLCU), a financial institution based in Newfoundland, has signed on to AFG Canada’s Leasing ... [Read More]
DRIVING INSIGHTS: Is it time to change how your team handles sales & finance?
Thursday, Oct. 21, 2021, 02:37 PM
Drew Harden, CARFAX Canada
Today, the typical vehicle buying process means that customers may spend hours building a relationship with a salesperson, only to be handed over to a business manager once they’ve finally worked out a deal. Plus, we know the wait time ... [Read More]
NowLake expected to take 23% stake in Axis after $15M investment
Tuesday, Oct. 19, 2021, 04:42 PM
Auto Remarketing Canada Staff
Axis Auto Finance said Tuesday it has landed a $15 million strategic investment from NowLake Technology, which is projected to own roughly 23% of the issued and outstanding common shares in the fintech lender specializing in the alternative auto finance ... [Read More]
TradeRev launches tool to help dealers gauge retail interest in vehicles on platform
Tuesday, Oct. 19, 2021, 04:39 PM
Auto Remarketing Canada Staff
TradeRev, which is KAR Global’s dealer-to-dealer online wholesale platform for the Canadian market, has launched a Retail Vehicle Details Page that it says can help dealers figure out consumer interest in a vehicle before they buy it wholesale. Through this ... [Read More]
E Inc. files preliminary prospectus to go public in Canada
Monday, Oct. 18, 2021, 06:50 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 filed and obtained a receipt for a preliminary base PREP prospectus for a proposed initial public offering in Canada. The ... [Read More]
Supply challenges drive wholesale vehicle values up for 9th week
Thursday, Oct. 14, 2021, 01:42 PM
Auto Remarketing Canada Stafff
It was still practically the heart of summer the last time used-car prices didn’t rise in Canada. Pushed by softening inventory levels, wholesale vehicle prices in Canada have now climbed nine straight weeks, according to Canadian Black Book. Calling the ... [Read More]