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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

Canada’s CPO car sales show strength

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Joe Overby, Senior Editor
The certified pre-owned vehicle market in Canada looked promising yet again.  Here’s a rundown of how CPO sales fared in the first half: Hyundai has sold 5,096 certified vehicles so far this year, compared to 4,553 in the first half ... [Read More]

DRIVING INSIGHTS: Used-car buyers are testing your knowledge – Can you pass?

Testing Your Knowledge
Drew Harden , CARFAX Canada
Attention dealers: used-car buyers are testing your vehicle knowledge. Fifty-one percent of Canadian used-car buyers told us the last time they bought a vehicle, they tested the sales person by asking a question they already researched the answer to. There is ... [Read More]

Wanted: US dealers to beta-test Mobials’ trade-in algorithm

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Auto Remarketing Canada staff
A new algorithm from Mobials Inc. calculates the value of consumers’ trade-in vehicles.   Now, Mobials, which is the parent company of AutoVerify, is looking for U.S. dealers to beta-test the algorithm. Once Mobials launches the algorithm, every U.S.-based dealer signing up ... [Read More]

Prices up on used & new cars, but increase slowing

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Auto Remarketing Canada Staff
The retail prices of both new and used cars in Canada was on the rise last month compared to year-ago figures, but the rate of increase is slowing down, according to the latest autoTRADER.ca Price Index. The national median price ... [Read More]

New CFO set to join AutoCanada

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Auto Remarketing Canada Staff
Effective Aug. 12, AutoCanada will have a new chief financial officer. The North American multi-location dealership group currently operating 65 franchised dealerships, comprised of 27 brands, in eight provinces in Canada as well as a group in Illinois, appointed Mike ... [Read More]

Dilawri leverages HR4 as employee engagement software partner

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Auto Remarketing Canada Staff
The Dilawri Group is leveraging technology in an effort to have a single tool to manage, develop and grow their employees. The group operating 72 franchises and employing more than 4,000 individuals recently chose HR4 as its exclusive HR and ... [Read More]

Calgary-based Foundation Automotive Corp. kicks off US expansion by purchasing 5 stores in Texas, North Dakota

Foundation
Auto Remarketing Canada Staff
Calgary-based Foundation Automotive Corp. has broadened its presence and entered the U.S. market, buying five stores throughout Texas and North Dakota. In what the company calls “just the beginning” of its growth plans this year, Foundation has purchased: — Henson ... [Read More]

CBB: Used-car price strength at historic high

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Auto Remarketing Canada Staff
As Canadian Black Book put it, used-vehicle values in Canada “have never been stronger” than they were in May. The Canadian Black Book Used Vehicle Retention Index was at 105.8 last month, the highest reading in the near 15-year history ... [Read More]

DRIVING INSIGHTS: Why did that customer turn down your trade-in offer?

Untitled
Drew Harden, CARFAX Canada
If you want to win more trades, you need to know exactly what makes a buyer reject or accept a deal. Today’s used-car buyers are hard to impress: 45% of them that go through the trade-in process will turn down one ... [Read More]

Vincentric awards show importance of ownership costs in vehicle purchase

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Auto Remarketing Canada staff
Vincentric describes the 2019 Toyota Avalon as having the best fuel economy, lowest insurance cost, and lowest depreciation in its class. That helped the Avalon win the Vincentric Best Value in Canada award in the large sedan segment. Toyota Canada ... [Read More]

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