Auto Remarketing Canada Staff

Canadian consumers continue to take on more debt to take delivery of the vehicle they want. According to TransUnion’s Canada Industry Insights Report released this week, the average outstanding balance on a contract rose during the second quarter by 2.57 percent year-over-year, leaving the figure at... Read More

Auto Remarketing Canada Staff

TSI Auto Solutions recently announced the company has named a new director to lead its Dealer Solutions division. Chosen for the position is Geoff Helby, who most recently led the Canadian arm of ALG. As director of Dealer Solutions, Helby will be responsible for overseeing the strategic growth of TSI’s... Read More

GM to voluntarily delist stock from Toronto exchange

Auto Remarketing Canada Staff

General Motors said Wednesday its application for voluntary delisting of its common stock from the Toronto Stock Exchange in Canada has been approved. Company shares will stop trading on the TSX at close of markets on Nov. 30. The delisting will have no impact on GM’s New York Stock Exchange listing, the... Read More

Auto Remarketing Canada Staff

TradeRev has announced it will now have a physical presence in 14 ADESA auction locations after partnering with ADESA Canada to encourage dealers to use TradeRev’s mobile app before sending cars to a brick-and-mortar auction. Hands-on assistance from ADESA sales teams will be available at the auctions to help... Read More

Sarah Rubenoff , Correspondent

Corey Stone, general manager of Fairway Honda — a Steele Auto Group store —  says being part of a well-known dealer group has been very beneficial for the store. The dealership, which has been in business over 25 years, has been a part of Steele Auto for about two years now. “The biggest benefit... Read More

July's 10 most-funded used-car models

Joe Overby, Senior Editor

In its latest monthly report on Top Funded Used Vehicles, Dealertrack Canada spotlighted the 2016 Dodge Grand Caravan. For July, the minivan was third on the list, which is based on data from the Dealertrack online credit application network, and the only vehicle in the top 10 that saw a real meaningful price change... Read More

Strong CPO sales roll on in Canada

Joe Overby, Senior Editor

When Joel Gregory, the national sales manager for CPO and remarketing at Hyundai Auto Canada, shared his brand's certified pre-owned sales results for July, he said via email: "The momentum continues." Indeed, it does.  Not just for Hyundai, where CPO sales climbed nearly 36 percent last... Read More

Sarah Rubenoff , Correspondent

Aly Jiwani, general manager of The BMW Store, Rolls-Royce Motor Cars Vancouver and Mini Yaletown at OpenRoad Auto Group, is used to a large volume of sales. In fact, The BMW Store sells at least 2,500 cars a year, Jiwani pointed out. But some luxury dealers and manufacturers are seeing slightly less brand loyalty... Read More