AutoCanada’s recovery has Antony taking a ‘victory lap’ before his exit
AutoCanada executive chairman Paul Antony. Images courtesy of the company.
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Andrew Friedlander, Associate Editor
Paul Antony’s tone was somber as he addressed analysts and media in AutoCanada’s second quarter 2024 earnings call, telling them the company’s “recent performance has not met our own expectations” in the wake of sinking revenue and a reported $33.1 million net loss for the quarter. A little more than a year later, he was […]
Typically, the early innings of the fourth quarter show modest sequential increases in used-vehicle value depreciation in Canada. And in the latest wholesale car market data, “we’re noticing exactly that,” says Daniel Ross, director of strategic market insights at Canadian Black. On Wednesday, CBB released its latest monthly Used Vehicle Retention Index, which came in […]
EBlock has launched LiveLanes in Quebec, meaning all vehicles sold in the physical lanes at the EBlock Montreal auction location will also be available through a unified digital marketplace. EBlock Montreal had been selling inventory separately through a third-party simulcast system. That system is being replaced by LiveLanes, starting Tuesday. Vehicles at EBlock Montreal will […]
Waymo is making its Canadian debut and Element Fleet Management Corp. will provide end-to-end fleet management and intelligent mobility solutions for the autonomous driving technology company Toronto’s launch, which is expected to happen in 2028. This is part of a multi-year partnership between Waymo and Element that started earlier this year, when Element started supporting […]