Fitch Ratings tried to provide some clarity to the Canadian financial market as the nation looked to celebrate Canada Day this week amid the coronavirus pandemic. The firm said its recent downgrade of Canada’s issuer default rating (IDR) to AA+ ... [Read More]

Auction sales volumes in the Canadian wholesale vehicle market are back to being at roughly 70% of where they would normally be, following another round of “significant growth” last week, according to Canadian Black Book. And further gains are likely ... [Read More]

Getting rid of negotiation is an idea that many dealerships are experimenting with. After all, negotiation has always been a top pain point for used-car buyers, and in today’s online listing environment, you need to provide enticing prices up front — there ... [Read More]

The Canadian Black Book Wholesale Used Vehicle Retention Index, which covers vehicles 2 to 6 years old, was down 5.0% year-over-year in May and fell 3.1% month-over-month, according to an update from the company this week. The index’s reading was ... [Read More]

With the Premier League set to return Wednesday, autoTRADER.ca has lined up an advertising partnership with DAZN, the sports streaming service that is the league’s exclusive home in Canada. The deal will run through the entire 2020 and 2021 Premier ... [Read More]

Retail vehicle prices in Canada were down slightly month-over-month in May, though consumer interest and traffic — at least the online variety — was increasing. That’s according to the latest autoTRADER.ca Price Index report, which said the national median price ... [Read More]

Canadian auto auction ESP Auction and its president Alain Boisvert, along with former ADESA president and chief executive officer Stephane St-Hilaire, have acquired a majority stake in auction platform, TradeHelper. ESP Auction is a physical wholesale auto auction in Montreal. ... [Read More]

After the largest monthly decrease in its 15-year history, the Canadian Black Book vehicle value retention index continued its descent in May, pushed by declining consumer confidence and auto-market uncertainty. And both wholesale and retail vehicle values are likely to ... [Read More]

Jaguar Land Rover Canada has named connected car platform, Dealerware, to power its courtesy vehicle program, and that means Jaguar Land Rover retailers powered by Dealerware will now gain services such as contactless contracting and pickup and delivery. The decision ... [Read More]

Stating that the new service is the first of its kind to offer online transaction capabilities on a major Canadian automotive marketplace, TRADER Corp. has launched digital retailing on autoTRADER.ca. The new digital retailing service will work in conjunction with ... [Read More]