While also pinpointing where delinquencies are climbing the fastest, TransUnion’s latest Canada Industry Insights Report found that the average Canadian’s auto loan debt climbed by 2.12 percent year-over-year during the first quarter. The Q1 figure came in at $19,538, up ... [Read More]

Canadian auto auctions are officially adopting the National Auto Auction Association’s uniform system of used-vehicle quality standards next month, NAAA said in a news release late Tuesday afternoon. Beginning June 1, Canadian auctions will implement NAAA’s National Certification Standards, meaning ... [Read More]

ADESA has announced the launch of ADESA Windsor, its 14th full-service auction location in Canada. Formerly ADESA Kitchener’s satellite location in Tilbury, the newly renovated ADESA Windsor facility will serve southwestern Ontario and U.S. dealers, brokers, manufacturers and others. The facility ... [Read More]

Wholesale prices in Canada in April were down an average of 0.6 percent from March, according to a report accompanying the latest ADESA Canada Used Vehicle Price Index, powered by ALG. Four of the six segments tracked in the report ... [Read More]

First Access Funding Corp., a privately held non-prime automotive finance company based in Edmonton, Alberta, recently partnered with defi SOLUTIONS and Integrated Fintech in an effort as a top executive described “to take their lending program to the next level” ... [Read More]

In April, the Ford F-150 was again the most appraised vehicle in Canada and it continues to hold the No. 1 spot year-to-date, according to the latest Dealertrack Tradetracker report. It also continues to be the domestic vehicle most often ... [Read More]

ADESA has announced changes to three of its Canadian auction management teams. Scott Rennie has been promoted to general manager at ADESA Ottawa; he previously was assistant GM at ADESA Toronto. Richard Kennedy, former general manager of ADESA Halifax, is now assistant ... [Read More]

Manheim has expanded to Quebec City, making it the company's second auction in province of Quebec and its sixth in Canada. “By expanding our inventory service offerings in Quebec City, we will be able to better support our clients, adding value ... [Read More]

Cox Automotive Canada and its Manheim Edmonton, vAuto, VinSolutions, Xtime, DealerTrack and NextGear Capital business units have pledged their support to the wildfire-ravaged community of Fort McMurray, Alberta, in the form of a $30,000 donation to the Canadian Red Cross. ... [Read More]

In April, Subaru Canada more than doubled its certified pre-owned sales total from a year ago, continuing what have been rapidly improving sales in 2016. Through four months, it has sold 613 CPO vehicles, compared to 241 in the same ... [Read More]