A new board member, a new high-level executive, a new remarketing network in the U.S., and now the acquisition of a finance company that specializes in vehicle leasing. Thus far, 2019 has been quite an active year for PowerBand Solutions. ... [Read More]

The certified pre-owned vehicle market in Canada looked promising yet again.  Here’s a rundown of how CPO sales fared in the first half: Hyundai has sold 5,096 certified vehicles so far this year, compared to 4,553 in the first half ... [Read More]

Attention dealers: used-car buyers are testing your vehicle knowledge. Fifty-one percent of Canadian used-car buyers told us the last time they bought a vehicle, they tested the sales person by asking a question they already researched the answer to. There is ... [Read More]

A new algorithm from Mobials Inc. calculates the value of consumers’ trade-in vehicles.   Now, Mobials, which is the parent company of AutoVerify, is looking for U.S. dealers to beta-test the algorithm. Once Mobials launches the algorithm, every U.S.-based dealer signing up ... [Read More]

The retail prices of both new and used cars in Canada was on the rise last month compared to year-ago figures, but the rate of increase is slowing down, according to the latest autoTRADER.ca Price Index. The national median price ... [Read More]

Effective Aug. 12, AutoCanada will have a new chief financial officer. The North American multi-location dealership group currently operating 65 franchised dealerships, comprised of 27 brands, in eight provinces in Canada as well as a group in Illinois, appointed Mike ... [Read More]

The Dilawri Group is leveraging technology in an effort to have a single tool to manage, develop and grow their employees. The group operating 72 franchises and employing more than 4,000 individuals recently chose HR4 as its exclusive HR and ... [Read More]

Calgary-based Foundation Automotive Corp. has broadened its presence and entered the U.S. market, buying five stores throughout Texas and North Dakota. In what the company calls “just the beginning” of its growth plans this year, Foundation has purchased: — Henson ... [Read More]

As Canadian Black Book put it, used-vehicle values in Canada “have never been stronger” than they were in May. The Canadian Black Book Used Vehicle Retention Index was at 105.8 last month, the highest reading in the near 15-year history ... [Read More]

If you want to win more trades, you need to know exactly what makes a buyer reject or accept a deal. Today’s used-car buyers are hard to impress: 45% of them that go through the trade-in process will turn down one ... [Read More]