Auto Remarketing Canada Staff

Mercedes-Benz Canada recently announced that Groupe Park Avenue automobile consortium acquired Mercedes-Benz de Quebec, the dealer group’s second Mercedes-Benz franchise purchase. Groupe Park Avenue acquired its Silver Star Montreal dealership just last year. The group purchased Mercedes-Benz de Quebec... Read More

Technology brings blessings, challenges to dealers

Joe Overby, Senior Editor

Like many Canadian auto dealers, a hurdle that Mississauga Toyota has faced in the used-car market has been finding the right supply of pre-owned vehicles and at the right price to keep healthy margins. But another used-car dynamic shared by dealer principal Susan Gubasta poses as both a blessing and a... Read More

Joe Overby, Senior Editor

It’s a family matter at Hanover Honda in Ontario. Store president Larry Lantz runs the store alongside sons Rob (general manager) and Dave (sales manager). And the advantage to having family around? “Well, they’re very knowledgeable, but they work for peanuts,” Larry Lantz said with a... Read More

Porsche Cars Canada moves headquarters

Auto Remarketing Staff

Porsche Cars Canada recently moved its corporate headquarters to a new facility in Toronto that will also house the company’s first training center for personnel nationwide. The company's former head office had been in Mississauga since 2009. “Our new Canadian headquarters now incorporate a... Read More

Sarah Rubenoff , Correspondent

Treat your used and certified pre-owned vehicle customers the same way you treat your new-car customers. This seems to be a recurring theme at dealerships that sell certified vehicles. And the case is much the same at Toronto’s Lexus Downtown. But the luxury dealership that has been in business since 2011 takes it... Read More

Joe Overby, Senior Editor

Wind down the economic waterfall, and the impact of a higher Canadian interest rate to the used-car market is clear. Canadian used-car prices will be heading downward, but the vehicles themselves will no longer be making that move. An increased interest rate means a stronger Canadian dollar, and with less disparity... Read More

Joe Overby, Senior Editor

The Langley Auto Collection — a Vancouver-area luxury auto mall — held a “Tour de Gourmet” progressive dinner in June that not only spotlighted local cuisine, but helped raised money for two non-profits that provide financial assistance for children to participate in organized sports (KidSport... Read More

Leavens Certified aims to beat margin pressure

Sarah Rubenoff , Correspondent

Compressed margins. High wholesale prices. Reconditioning expenses. Ring a bell? For many dealers, keeping their pre-owned lots well stocked while also making a profit has been difficult over the past 10 years or so. And even though many are predicting wholesale prices to drop over the coming years as lease returns... Read More