Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
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
How May wholesale prices trended
Joe Overby, Senior Editor
Canadian used-car prices in May were up an average of 0.5 percent from April, according to a report accompanying the latest ADESA Canada Used Vehicle Price Index, powered by ALG. Within the individual segments, monthly price movement varied greatly — ... [Read More]
Hyundai dealers offer ‘visits’ with Google Street View
Auto Remarketing Canada Staff
Hyundai has a new way for customers to take their online shopping experience to a new level, and it’s using a tool many have likely used before. Dealerships in Quebec and Alberta are offering customers a virtual tour of the ... [Read More]
Survey: Canadian auto dealers value collaboration with lenders
Auto Remarketing Canada Staff
Sellers of new cars in Canada report increased satisfaction with their finance companies, but one thing is clear: They want more from their lenders than just credit. According to J.D. Power’s 18th annual Canadian Automotive Dealer Financing Satisfaction Study, dealers ... [Read More]
Accu-Trade comes to Canada
Auto Remarketing Canada Staff
R. Hollenshead Auto Sales announced it has launched vehicle valuation tool Accu-Trade in Canada, giving dealers a mobile platform to capture leads, increase customer trade-ins and generate appraisals. “Now, dealers have access to the same tool I use to buy ... [Read More]
Companies pledge support to wildfire-ravaged community
Sara Schweiger, Staff Writer
When DealerSocket’s Sam Rizek heard about the devastating wildfire in Fort McMurray, Alberta, early last month, he knew his company had to do something. So the director of sales and business development in Canada helped hatch a plan to donate ... [Read More]
Q1 average auto debt climbs 2.12%
Auto Remarketing Canada Staff
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 auctions to adopt NAAA standards program
Auto Remarketing Canada Staff
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 launches 14th Canadian auction
Auto Remarketing Canada Staff
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]
Used-car values fall in 4 of 6 segments
Joe Overby, Senior Editor
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 reaches tech partnership to grow non-prime business
Auto Remarketing Canada Staff
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]
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