The cost of auto theft has spiked dramatically in Alberta over the past three years, according to data from Insurance Bureau of Canada. The national trade association representing insurers said auto theft claims costs in the province have risen 65% ... [Read More]

If there’s one thing that can be said about the trend in the Canadian wholesale used-car market for the week ending June 28, it’s that it was consistent. According to Canadian Black Book’s weekly Market Insights report, car values were ... [Read More]

Axis Auto Finance has taken its latest step toward going away. The Mississauga-based direct-to-consumer subprime lender, which sold its auto finance business to Fionic Canada in December, announced it has completed the process of going private by consolidating the company’s ... [Read More]

North American dealer-owned finance and insurance provider Tricor Automotive Group has joined with Signal Technologies in a strategic partnership designed to streamline and optimize Canadian dealers’ used-vehicle sales in the U.S. Tricor, based in Ontario, serves more than 220 Canadian ... [Read More]

Hyundai Canada’s new charitable foundation has made its first big splash. Hyundai Hope on Wheels, launched in Canada this year, presented BC Children’s Hospital Foundation with a $250,000 donation to support children and youth receiving cancer care in British Columbia. ... [Read More]

“Don’t Panic.” That’s the message on the cover of the fictional Hitchhiker’s Guide to the Galaxy. And while the Canadian auto finance market isn’t soaring through the cosmos to the end of the universe, Mike Buckingham said the same message applies. Are there problems to be concerned about and addressed? Of course — affordability, tariffs, rising fraud, sinking used-car supply. But ... [Read More]

Mazda Canada will soon have a new leader. And she will make history. The automaker announced president and CEO David Klan is retiring effective Oct. 1, and his successor will be senior director and chief operating officer Amy Fleming. Fleming, ... [Read More]

The Canadian government has big plans for electric vehicles. The question is whether its plans match those of the Canadian public. While the federal government has mandated 100% of new light-duty vehicle sales to be zero-emission vehicles by 2035, with mandatory targets of at least 20% by 2026 and at least 60% by 2030, the latest research from AutoTrader indicates that might be ... [Read More]

Coinciding with Canada’s Used Car Week, EBlock on Wednesday announced the opening of its new auction facility in Halifax, Nova Scotia, along with plans for a similar site in Edmonton, Alberta. The company highlighted this strategic expansion underscores EBlock’s commitment ... [Read More]

Canadians value vehicle safety. That much is clear, as the latest research from Volvo Car Canada found 81% of Canadians said safety ratings influence their purchasing decisions. But that’s not the end of the story. Volvo’s survey of 1,505 Canadians ... [Read More]