Off-lease used-vehicle supply continues to ramp up — both in Canada and the U.S. — but this increase isn’t being illustrated in any softening of used-vehicle price movement yet, at least not up North. According to Canadian Black Book’s Used ... [Read More]

CARPROOF Corp. said Monday it will rebrand as Carfax Canada in October. Both CARPROOF and Carfax are owned by IHS Markit, and this move “further aligns” the two brands “to better serve its consumer and dealer customers by leveraging the ... [Read More]

A densely populated area. Traffic congestion. A tech boom in the area. One of the largest cities in North America. Factors like these made Toronto the ideal choice for Maven’s first market outside the U.S., says Mark Latchford, who is the ... [Read More]

CARPROOF’s newly released data-driven appraisal tool —  CARPROOF True Value — can provide more accurate values of used vehicles because it looks at vehicles' unique history, rather than just what it’s being listed for within a particular geographic area, according to company ... [Read More]

From dealers to auction executives, from leading professionals at third-party providers and auto finance companies — and everywhere in between — the Canadian auto industry is full of young men and women who have achieved massive success at an early ... [Read More]

Sym-Tech Dealer Services announced Tuesday a nationwide partnership with Audi Finance and Volkswagen Finance to deliver both the Audi After Care and Volkswagen Protection Plus branded suite of F&I products and services. The deal will be effective Nov. 1.  Sym-Tech ... [Read More]

LGM Financial Services has partnered with Carfinco Financial Group to step into the non-prime financing market, the companies announced Monday. LGM will expand the F&I services its offers auto dealers by supporting a non-prime lending solution through Carfinco. Carfinco specializes in non-prime financing and ... [Read More]

Axis Auto Finance has signed a share purchase agreement to buy subprime finance company Trend Financial, the company announced late Tuesday afternoon. It’s a move that doubles the Axis portfolio — putting its net finance assets to roughly $110 million ... [Read More]

Among 2018 model-year vehicles that have shown strong value in 26 segments, ALG recognized Audi and Subaru as top premium and mainstream brands, respectively, in its 10th annual Canadian Residual Value Awards (RVA). ALG presented winning automakers with their awards ... [Read More]

TransUnion Canada director of research and industry analysis Matt Fabian used the words credit, consumer and correctly within the same thought to describe the overall picture painted by TransUnion’s latest Canada Industry Insights Report Fueled by younger Canadians and overall ... [Read More]