AR Canada

Chrysler Canada Outlines Plan for Relief -- December 12, 2008
WINDSOR, Ontario — While its American counterparts contemplate their next move after the $14 billion bailout package collapsed in the U.S. Senate late Thursday, Chrysler Canada is hoping its government can come through and provide relief. In a letter to Ontario and federal officials, Chrysler Canada ... [ Full Story ]

Ontario Dealer Association Alerts Members to Ongoing Scam -- December 12, 2008
TORONTO, Ontario — The Used Car Dealers Association of Ontario is warning its members to be on the lookout for a scam involving ... [ Full Story ]

TrustMark to Close B.C. Dealership -- December 12, 2008
VANCOUVER, British Columbia — In order to offset its losses and counter slumping vehicle sales throughout Canada, TrustMark Auto Group is shutting the doors of ... [ Full Story ]

DesRosiers: Canadian Market Shows Unpredictable November -- December 05, 2008
RICHMOND HILL, Ontario — In a topsy-turvy month for the Canadian auto industry where more trucks than cars were sold and automakers seemed to be split evenly between heavy losses and heavy gains, it appears the turmoil in the U.S. market has ... [ Full Story ]

GMAC Canada Discusses Impact of Tighter U.S. Credit Markets, More -- December 05, 2008
TORONTO, Ontario — As parent company GMAC Financial Services applies to become a U.S. bank holding company, GMAC of Canada discussed how this move could impact the Canadian industry in a positive way and also shared ... [ Full Story ]

AutoCanada Purchases New VW Store -- December 05, 2008
EDMONTON, Alberta — AutoCanada Income Fund announced this week that it has finalized the purchase of a Volkswagen dealership in ... [ Full Story ]

Canadian Dealers Push for Aid from Government -- November 28, 2008
OTTAWA, Ontario — With the downturn in Canada's auto industry potentially having far-reaching implications on the nation's economy, the Canadian Automobile Dealers Association is stepping up and ... [ Full Story ]

Quorum Shows 3Q Strength in Rough Environment -- November 28, 2008
CALGARY, Alberta — Despite challenges throughout the American and Canadian auto industries, Quorum Information Technologies reported growth across the board during the third quarter and ... [ Full Story ]

SCI Ramps Up Dealer Offerings -- November 28, 2008
TORONTO, Ontario — SCI, an auto retail process solutions provider based in Toronto, recently upgraded its Torque MarketView 360 product to include enhancements that will allow dealers to ... [ Full Story ]

Major Lender Halts Auto Financing in Canada -- November 21, 2008
SAN FRANCISCO — Wells Fargo Auto Finance confirmed to Auto Remarketing Canada this week that it has decided to pull out of the Canadian ... [ Full Story ]

Carfinco Loan Originations Stall in 3Q; Progress Expected -- November 21, 2008
EDMONTON, Alberta — Though the Carfinco Income Fund showed growth in finance receivables and revenue during the third quarter, the company reported a slowdown in its loan originations, due largely to ... [ Full Story ]

CADA Appoints New Chairman for 2008-09 -- November 21, 2008
MARKHAM, Ontario — At its annual board meeting held recently in Halifax, Nova Scotia, the Canadian Automobile Dealers Association named its new chairman for the 2008-09 term. Taking the reins is ... [ Full Story ]

AutoCanada Sees a 3Q Hit in Transaction Prices -- November 14, 2008
EDMONTON, Alberta — Though officials remained relatively optimistic about the direction of the company, the AutoCanada Income Fund recorded significant losses during the third quarter, as it was challenged by ... [ Full Story ]

TrustMark Says Credit Crunch has Hurt Canadian Dealers -- November 14, 2008
VANCOUVER, British Columbia — As credit remains scarce and auto sales continue to slide in the U.S., Vancouver-based TrustMark Auto Group recently shared how these economic trends have impacted the company's operations. The group's chairman ... [ Full Story ]

Ford of Canada to Implement New DMS Tool -- November 14, 2008
LAKE SUCCESS, N.Y. — Arkona, a subsidiary of DealerTrack Holdings, announced that Ford of Canada will use its DealerTrack Arkona dealership management system as a ... [ Full Story ]

Honda Canada, JMsolutions Choose CarProof for Used-Car Programs -- November 07, 2008
LONDON, Ontario — Offering as much history about used vehicles as possible can be vital to instilling faith in shoppers and increasing the chance of a sale. With this in mind, CarProof announced it is working with Honda Canada and JMsolutions to help used dealers build trust with consumers by providing ... [ Full Story ]

AIA Canada Releases Details for Annual Meeting -- November 07, 2008
OTTAWA, Ontario — The Automotive Industries Association of Canada announced the dates, location and lineup for its Annual General Meeting and Festive Dinner. The event will take place ... [ Full Story ]

Ontario Dealer Celebrates 10th Anniversary by Helping Local Hospital -- November 07, 2008
MARKHAM, Ontario — Mercedes-Benz Markham commemorated its 10th anniversary in the Markham, Ontario, community on Wednesday by ... [ Full Story ]