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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

2021 Women & Automotive: Profiles in Leadership honorees

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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

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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

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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

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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

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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’

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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%

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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]

Despite lockdown challenges, Hyundai & Nissan CPO sales surge

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Joe Overby, Senior Editor
As automakers in Canada begin to share certified pre-owned sales results from April, one trend has emerged: it was a strong month, despite challenges stemming from lockdowns.  For instance, Hyundai Auto Canada Corp. had its strongest April of all time for certified ... [Read More]

PureCars gains first OEM certification in Canada

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Auto Remarketing Canada Staff
PureCars announced last week that it has been certified as a Kia Canada Digital Advertising Partner, representing its first OEM partnership in Canada and 17th OEM certification overall. Through the partnership, Kia Canada dealers will be provided with PureCars’ Pro ... [Read More]

Wholesale vehicle prices continue climb as supply remains tight

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Auto Remarketing Canada Staff
The rise in Canadian wholesale vehicle prices last week was not as strong as the prior week’s gain, but the change was much more positive than what happened the same week in prior years. That’s according to the latest Canadian ... [Read More]

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