May shows improving CPO car market in Canada
Tuesday, Jun. 8, 2021, 02:35 PM
Joe Overby, Senior Editor
Spring has brought a blooming certified pre-owned vehicle market in Canada. As the CPO market continues to bounce back, automakers were seeing a lot of good signs last month. Here's how some of the CPO programs are faring, based on ... [Read More]
PODCAST: Canada Drives co-CEO talks expansion & more
Friday, Jun. 4, 2021, 04:22 PM
Auto Remarketing Canada Staff
Canada Drives co-chief executive officer Cody Green joined the Auto Remarketing Podcast to discuss the company's online vehicle shopping and delivery platform expanding into Ontario, future growth plans and more. Plus, Green shares a bit about the company's platform in the ... [Read More]
Auto originations, delinquencies decline in Canada
Thursday, Jun. 3, 2021, 02:07 PM
Auto Remarketing Canada Staff
Though not as steep as the declines in other sectors, auto loan origination volumes in Canada dropped 8.8% year-over-year in the fourth quarter, according to the Q1 2021 TransUnion Industry Insights Report. Specifically, there were 435,065 auto loans originated in ... [Read More]
2021 Women & Automotive: Profiles in Leadership honorees
Wednesday, Jun. 2, 2021, 04:58 PM
Auto Remarketing Canada Staff
Since launching the Women & Automotive: Canadian Leadership Forum in 2016, Cherokee Media Group has honored and recognized a group of Canada’s leading women in automotive each year through our Women & Automotive: Profiles in Leadership program. This year's class is recognized ... [Read More]
OpenRoad adds residential real estate division
Tuesday, Jun. 1, 2021, 02:32 PM
Auto Remarketing Canada Staff
OpenRoad Auto Group is expanding from the highway to the neighborhood. British Columbia's largest auto dealer group announced last week that it has a launched a residential real estate division: OpenForm Properties. The company’s new residential development division has also unveiled ... [Read More]
Canada Drives expands online car-buying platform to Ontario
Thursday, May. 27, 2021, 03:37 PM
Auto Remarketing Canada Staff
Canada Drives announced Thursday it has expanded its online vehicle-shopping and “to-your-door” delivery platform into Ontario. It debuted the platform in British Columbia last fall, a spokesperson confirmed, and plans to continue to expand throughout the country, with its sight ... [Read More]
Facedrive brings Steer EV subscription service to Toronto
Tuesday, May. 25, 2021, 04:27 PM
Auto Remarketing Canada Staff
Facedrive announced last week it has launched its Steer electric vehicle subscription service in Toronto and delivered its first crop of cars. Steer initially launched in Washington, D.C. in May 2019. Facedrive acquired Steer from Exelorate Enterprises in September. “The ... [Read More]
DRIVING INSIGHTS: Canadians’ attitudes toward buying cars online have changed
Thursday, May. 20, 2021, 03:08 PM
Drew Harden, CARFAX Canada
When we first asked car buyers if they would like to buy their next vehicle online, it was late 2019 and only 12% of Canadian used-car buyers were ready to buy entirely online. Since then, the process of buying a vehicle ... [Read More]
J.D. Power study shows lenders have ‘room to improve’
Thursday, May. 13, 2021, 01:54 PM
Auto Remarketing Canada Staff
Evidently, the rapid transformation toward online interactions and transactions by dealerships and lenders in Canada is easier said than done — even after a full year of COVID-19 realities. According to the J.D. Power 2021 Canada Dealer Financing Satisfaction Study ... [Read More]
AutoCanada increases used-car retail sales by 52%
Tuesday, May. 11, 2021, 02:33 PM
Joe Overby, Senior Editor
AutoCanada made quite a rebound in the first quarter, posting its strongest-ever Q1 revenue, among other highlights — including a robust used-car performance. Looking at consolidated results, AutoCanada retailed a combined 9,734 used vehicles in the first quarter, up 51.9% ... [Read More]