CBB report shows slower decline for wholesale market last week
Thursday, Sep. 26, 2024, 10:25 AM
AutoCanada’s RightRide plan: Close 7 stores, bring rest back to subprime roots
Thursday, Sep. 26, 2024, 10:24 AM
Go Auto looks to continue its expansion in Canada & south of the border
Tuesday, Sep. 24, 2024, 08:19 AM
Study shows Manitoba drivers have Canada’s highest traffic injury rate
Thursday, Oct. 3, 2024, 10:22 AM
Auto Remarketing Staff
A new study shows drivers in Manitoba need to make sure their collision insurance is up to date. Preszler Injury Lawyers’ analysis of Transport Canada’s 2022 data on road traffic injury reports found Manitoba has the highest rate of injuries, ... [Read More]
Dilawri Group completes land acquisition from REIT in $54 million deal
Thursday, Oct. 3, 2024, 10:22 AM
Auto Remarketing Canada Staff
Automotive Properties Real Estate Investment Trust (REIT) announced it has completed the sale of a dealership property known as the Kennedy Lands in Markham, Ontario, to a member of the Dilawri Group. The $54 million sale was agreed to in ... [Read More]
Credit relief gives AutoCanada added flexibility during financial restructuring
Tuesday, Oct. 1, 2024, 10:27 AM
Auto Remarketing Canada Staff
In the midst of a financial restructuring, AutoCanada announced an amendment to its senior credit facility. In a news release, the struggling dealership group said the move offers “additional covenant headroom” during the covenant relief period, which runs through Sept. ... [Read More]
Ford again leads the way in Vincentric’s Best CPO Value in Canada awards
Tuesday, Sep. 17, 2024, 09:57 AM
Auto Remarketing Canada Staff
Ford was the big winner as Vincentric announced the results of its seventh annual Best Certified Pre-Owned Value in Canada awards. The Blue Oval claimed a total of seven awards — two at the brand level and five model awards ... [Read More]
Canadian wholesale market trends up for first time in 2.5 years
Friday, Sep. 13, 2024, 10:05 AM
Auto Remarketing Canada Staff
One month is a data point. Two months is … a trend? For the second month in a row, Canadian Black Book’s Used Vehicle Retention Index was up from the previous month, registering at 136.0 for August. That’s an increase ... [Read More]
AutoCanada begins financial ‘realignment’ with sale of 2 Alberta dealerships
Thursday, Sep. 12, 2024, 10:30 AM
Auto Remarketing Canada Staff
AutoCanada’s quest to return to financial stability has begun. The Edmonton-based dealership group said Wednesday it has sold two of its Stellantis stores in Alberta – Ponoka Chrysler Dodge Jeep Ram in Ponoka and Airdrie Chrysler Dodge Jeep Ram on ... [Read More]
AutoLeap announces integration with parts distributor Worldpac
Thursday, Sep. 12, 2024, 10:29 AM
Auto Remarketing Canada Staff
AutoLeap, a cloud-based auto repair management software provider, announced an integration with wholesale OEM replacement parts distributor Worldpac speedDIAL, providing access to Worldpac’s catalog through AutoLeap’s shop management software. The integration allows AutoLeap users to search for and order parts ... [Read More]