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]

After releasing  its first financial results report in November, Automotive Properties Real Estate Investment Trust, also known as the REIT, announced this week it is acquiring a dealership property in Montreal for $7.2 million.    Established this past June by the Dilawri ... [Read More]

OpenRoad Auto Group opened its 16th dealership with the unveiling of Jaguar Land Rover Langley earlier this month. The new dealership is located in the Langley Auto Collection, the luxury auto mall where the dealer group owns and operates BMW ... [Read More]

Dilawri Group of Companies announced this morning it has added its 58th dealership. The dealer group has purchased Mercedes-Benz West Island, which represents the seventh franchised dealership purchase for the group in the greater Montreal area this year. Mercedes-Benz West ... [Read More]

AutoCanada said this week its latest offering of common shares earned the company $75 million, a sum  the dealer group says it will use to cut down on debt under its revolving credit facility. AutoCanada had previously announced it issues 2,950,000 ... [Read More]

A brand new conference focusing on diversity in the Canadian automotive industry is headed to Toronto this spring. Cherokee Media Group — who also hosts the Auto Remarketing Canada Conference — will be launching a new event, titled, “Women & ... [Read More]

It was announced this week the Steele Auto Group has added another Nova Scotia store to its lineup, bringing the dealer group's store count to 19. Christopher Megaffin has sold his Colonial Honda dealership to Steele Auto Group. The Megaffin ... [Read More]

Cox Automotive Canada, along with its Manheim Canada operations, announced this morning it has partnered with XLane to design a new dealer-to-dealer online auction tool. The dealer-to-dealer online multi-platform, InstantAuction, is crafted to make the process of buying and selling ... [Read More]

Digital marketing firms have been encouraging dealerships to utilize tools such as blogs to engage shoppers as well as improve search results for years now. But why stop at one? That’s the question Steve Arsenault, chief executive officer of OneBigBroadcast.com, ... [Read More]