IHS reported its fourth quarter and full-year 2015 financial results on Tuesday, highlighting revenue of $589 million for Q4, as well as giving more information on its recent purchase of Canada’s CarProof. IHS, the parent company of Carfax, announced right ... [Read More]

Looking at the most recent data available, 2015 was a strong year for residuals in Canada. According to the RVI Group’s RVI Risk Outlook for December, the strong U.S. dollar helped maintain those high residual values in Canada through the ... [Read More]

RouteOne Canada added another a company to its auto financing portal today, after announcing last month that Rifco National Auto Group and Desjardins Group had come on board, as well. Carfinco Inc. now joins the growing list of companies to partner ... [Read More]

It was announced this morning that after a successful three-year partnership, Cox Auto Canada — through its Manheim Canada business — has acquired 100 percent ownership of the Manheim Source Edmonton auction. The move serves to extend Cox Auto Canada’s ... [Read More]

NCM Associates, a popular fixture in the U.S. for its dealer 20 Groups and more, is launching in Canada. The company offers five core services for its clients: 20 Groups, education, consulting, business intelligence and travel solutions. And as the ... [Read More]

Obviously, there’s a lot of competition out there. You compete with dealerships from other OEM’s, dealerships from the same OEM’s, heck, some of you even have to compete with dealerships within your dealer group, and why not, competition is good ... [Read More]

Management at the Automotive Properties Real Estate Investment Trust (REIT) has been busy, announcing its third deal this week in less than a month. To start of 2016, the REIT reported it has agreed to purchase the Audi Barrie dealership ... [Read More]

Another year is in the books, and 2015 brought with it continued certified pre-owned sales growth for Canadian automakers. As full-year CPO results started rolling in, many automakers were reporting double-digit year-over-year increases, not to mention record years. For example, ... [Read More]

Just as it completed its first acquisition — Toyota Woodland — the Automotive Properties Real Estate Investment Trust also announced it has agreed to acquire a Go Auto dealership property in Edmonton, Alberta for $23 million. The Automotive Properties REIT ... [Read More]

IHS, the parent company of Carfax, announced Monday morning it has purchased CarProof Corp. for $650 million CND, which translates to about $460 million USD. CarProof is a vehicle history report provider in Canada. IHS bought Carfax in July 2013. ... [Read More]