AR Canada
GM Canada Settles Dealer Lawsuit
-- August 27, 2010
TORONTO, Ontario — General Motors of Canada and a group of 21 rejected dealers who were suing the company have reached ... [ Full Story ]
OPENLANE: July Sees Mild Slowdown in Canadian Wholesale Pricing
-- August 27, 2010
REDWOOD CITY, Calif. — Average wholesale prices in Canada softened a bit during July, according to OPENLANE's Canadian Market Index, which came in at ... [ Full Story ]
RIFCO Achieves Strong 1Q Income Growth
-- August 27, 2010
RED DEER, Alberta — In a strong kick-off to the 2011 fiscal year, RIFCO pulled in almost 35 percent more net income during the first quarter than it did for ... [ Full Story ]
ADESA Canada: Wholesale Prices Show Third Consecutive Month-Over-Month Gain
-- August 20, 2010
MISSISSAUGA, Ontario — While there was still softness in wholesale values during July, they were stronger than anticipated, which pushed the ADESA Canada Used Vehicle Price Index to a sequential upswing for ... [ Full Story ]
QEK Canada Concludes Olympic Fleet Duties, Shares Experience
-- August 20, 2010
BLOOMFIELD HILLS, Mich. — While the Vancouver 2010 Winter Olympics may have been viewed by most as a sporting and cultural gathering lasting 17 days, QEK Global Solutions' Canadian operations just recently wrapped up its Olympiad duties. QEK Canada managed the fleet of vehicles used by ... [ Full Story ]
Canadian Acura Dealers Lend Support to Project Designed to Raise Funds for Wounded Veterans
-- August 20, 2010
OTTAWA, Ontario — In an effort to support the nation's military, the Acura Dealers of Canada are sponsoring a rally car that will be driven by two disabled Canadian Forces soldiers in the Targa Newfoundland international car rally. The pair is attempting to ... [ Full Story ]
Subaru Canada Launches Smartphone Site to Connect Shoppers & Dealers
-- August 13, 2010
TORONTO, Ontario — Subaru Canada and its dealer body can now connect with shoppers directly through smartphones thanks to ... [ Full Story ]
AutoCanada Continues Profitability, Sees Double-Digit Revenue Hike
-- August 13, 2010
EDMONTON, Alberta — Though much softer than the year-ago period, AutoCanada still pulled in more than $3 million in net earnings during the second quarter. It also enjoyed a revenue lift of more ... [ Full Story ]
RIFCO Chief Says Company Did Not Have a Great Year, Looks Ahead with Optimism
-- August 13, 2010
RED DEER, Alberta — While acknowledging that the company "struggled" with the goals it set out to achieve in the most recently completed fiscal year, RIFCO president and chief executive officer Bill Graham highlighted successes the Canadian non-prime lender had in ... [ Full Story ]
Several Automakers Enjoy Record Canadian Sales
-- August 06, 2010
RICHMOND HILL, Ontario — In a Canadian new-vehicle market that improved more than 6 percent from the weak year-ago figures, several automakers posted their best July sales ever and some continued ... [ Full Story ]
UCDA Addresses Dealer-Plate Issues at U.S. Border
-- August 06, 2010
TORONTO, Ontario — The Used Car Dealers Association of Ontario sent out an alert on Wednesday warning dealers that apparently some of its members haven't been allowed to enter the U.S. from Canada if they have dealer plates on their vehicle. This denial has apparently arisen out of concern that ...
[ Full Story ]
First Canadian McLaren Store to Open in Toronto
-- August 06, 2010
TORONTO, Ontario — McLaren Automotive is putting together of network of retailers across North America and the first store in Canada is slated to be located in ... [ Full Story ]
Canadian Insolvencies Decline
-- July 30, 2010
OTTAWA, Ontario — In what has been fairly typical over the last decade, Canada's total insolvencies fell from April to May, this time dipping to ... [ Full Story ]
Carfinco's Record Net Earnings Streak Now at Five Quarters
-- July 30, 2010
EDMONTON, Alberta — Carfinco Income Fund, a non-prime auto lender, enjoyed an all-time high in quarterly net earnings for the fifth straight time. The second-quarter net earnings of ... [ Full Story ]
AutoCanada Sees Boost in HSBC Canada Credit Facility
-- July 30, 2010
EDMONTON, Alberta — AutoCanada's existing credit facility with HSBC Bank Canada has been beefed up and the interest rate on the facility has been cut, the company announced this week. The revolving term loan facility now has ... [ Full Story ]
Dealers Need to Comply with Revamped Harmonized Sales Tax
-- July 23, 2010
TORONTO, Ontario — The Used Car Dealers Association of Ontario recently released a Dealer Alert explaining how the new Harmonized Sales Tax laws impact sales and leases to Status Indians. UCDA stressed to dealers that ... [ Full Story ]
Kia Canada Launches New Marketing Campaign
-- July 23, 2010
MISSISSAUGA, Ontario — Kia Canada has rolled out a new marketing campaign designed to not only spotlight the new design of its lineup and the progression of the Kia brand, but also share how the automaker has ... [ Full Story ]
Mitsubishi of Canada Raises Six Figures for Right to Play Charity
-- July 23, 2010
MISSISSAUGA, Ontario — Following a three-month campaign to raise funds for an international charity focused on offering sports and play programs designed to help children and communities in need, Mitsubishi Motor Sales of Canada said it was able to donate more than ... [ Full Story ]
ADESA Canada Index Up Again, but Used Prices Still Soft
-- July 16, 2010
MISSISSAUGA, Ontario — June marked the second straight month of sequential gains in the ADESA Canada Used Vehicle Price Index, as the softening in used prices was not as ... [ Full Story ]
DesRosiers: Post-Bankruptcy Progress Doesn't Hide Canada's Auto Employment Problems
-- July 16, 2010
RICHMOND HILL, Ontario — While the checklist of progress made in the auto industry in the year since General Motors and Chrysler completed their bankruptcy processes is largely positive, there remains one particularly glaring weak spot, according to Dennis DesRosiers. He looked at data on Canada's auto-sector job market and called the situation ... [ Full Story ]