iA Financial Group has made a $10 million investment in Canadian online used-car retailer Clutch Technologies to integrate its insurance products into Clutch’s platform. Clutch, founded in 2017 and based in Toronto, sold more than 8,000 used vehicles through its ... [Read More]

TRADER Corporation, a provider of online media, dealership software and lender services has acquired Collateral Management Solutions from the Teranet group of companies. TRADER said the move is designed to enhance its financial technology offerings as an expansion of Dealertrack ... [Read More]

Having already established itself in Canada, Autocorp.ai is looking to bring its virtual retailing technologies to the United States. To prepare, the automotive fintech company recently welcomed a new addition to its board of directors who possesses vast experience in ... [Read More]

One of Canada’s largest dealership groups keeps on growing. AutoCanada’s latest acquisition is Nurse Chevrolet Cadillac, a dealership and collision center in Whitby, Ontario, purchased from Mary Nurse. The deal gives AutoCanada 23 dealership locations and 10 collision centers in ... [Read More]

Go Auto has expanded its presence in Alberta. The dealer group said Tuesday it has acquired Audi Royal Oak in Calgary. With the purchase, Go Auto now has four locations in Calgary and two Audi stores in Western Canada. The ... [Read More]

Consumers are no strangers to using peer-to-peer marketplaces but are a bit leery when it comes to using those platforms to buy cars, according to a survey from the British Columbia Automobile Association. With that in mind, the group has ... [Read More]

OpenRoad wants to clean up your act. Or at least your car. The dealership group, which operates 36 locations in the Vancouver metro area, Ontario and Washington state in the U.S. has created a new division: OpenShine, which is bringing ... [Read More]

The Canadian auto industry, be it retail, remarketing or finance, is full of young leaders who have achieved massive success at an early age. Cherokee Media Group is excited to honor many of those individuals in this year’s Remarketing’s Under 40 ... [Read More]

The decline of Canadian wholesale used-vehicle values continues to accelerate. The latest evidence is in Canadian Black Book’s Used Vehicle Retention Index for May, released this week. CBB’s data showed the index at 137.6, down 2.0% from the previous month ... [Read More]

The Canadian Automobile Dealers Association is taking a step toward helping dealers battle the rising threat of vehicle theft. CADA is teaming with Kudelski IoT to provide a comprehensive solution powered by RecovR under the newly launched CADA 360 Security ... [Read More]