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The growing appeal of Canada’s in-house financing movement
Thursday, Jun. 18, 2015, 02:34 PM
Josh Hyatt, Staff Writer
Buy-here, pay-here. In-house financing. Whatever you want to call it, the uptake of this business model in the Canadian automotive market has been nowhere near as prolific as it has in its neighboring country to the south. But the adoption ... [Read More]
TRADER, vAuto announce plans for new subprime tool
Tuesday, Jun. 16, 2015, 08:14 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
TRADER Corp. recently announced it is renewing its partnership with U.S.-based solutions company, vAuto, extending their relationship for another five years in an effort to help dealers address their used-vehicle inventory management challenges. Through the agreement, TRADER will continue being ... [Read More]
PBS Systems Announces Xtime Partnership
Friday, Jun. 12, 2015, 07:54 PM
Auto Remarketing Canada Staff
Dealers who use PBS Systems’ dealer management system software now have a new tool to reach customers in the service department. PBS Systems Inc. recently announced a partnership with Xtime, a customer retention solution for dealerships. Now, dealers using the ... [Read More]
OMVIC Revokes Toronto Dealer License, Fines Salesperson
Thursday, Jun. 11, 2015, 03:06 PM
Auto Remarketing Canada Staff
The Ontario Motor Vehicle Industry Council announced this week it has revoked a Toronto dealer’s license and fined an associated salesperson. The dealership, 1716114 Ontario Ltd. operating as Your Car Auto Finance (YCAF) and its sole officer and director, Derek ... [Read More]
Depreciation Heats Up As Summer Nears
Thursday, Jun. 11, 2015, 02:35 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Wholesale prices are still way above pre-recession rates due to short supply, but seasonality may provide some relief for dealers this summer looking to stock up on inventory. Car and truck segments across the board took a depreciation hit in ... [Read More]
Dealer Copes with Used-Vehicle Supply Issues
Thursday, Jun. 11, 2015, 02:16 PM
Josh Hyatt, Staff Writer
Used-vehicle dealers in Canada are well aware of the ongoing supply issue. It’s certainly not impossible to stock your lots with used inventory, but the opportunities may require a bit of a change in strategy than have been typical in ... [Read More]
OMVIC Tackles Disclosure In Light of Massive Recalls
Tuesday, Jun. 9, 2015, 02:42 PM
Auto Remarketing Canada Staff
In light of the past two years of overwhelming vehicle recall numbers, the Ontario Motor Vehicle Industry Council has released a bulletin encouraging dealers to take heed of disclosure laws. The organization will also be holding a free webinar discussing ... [Read More]
Ford, Toyota Dominate 2015 Vincentric Fleet Awards
Thursday, Jun. 4, 2015, 06:57 PM
Auto Remarketing Canada Staff
Results from the fourth annual Vincentric Best Fleet Value in Canada awards were announced today, with Ford and Toyota coming out on top. Ford pulled ahead due to the strength of its trucks and vans, while Toyota notched wins across ... [Read More]
OpenRoad Adopts SiriusXM Canada’s Pre-Owned Program
Thursday, Jun. 4, 2015, 04:15 PM
Auto Remarketing Canada Staff
The growing dealer group OpenRoad announced Thursday it has joined SiriusXM Canada’s pre-owned vehicles program. Through the partnership, the Vancouver-based dealer group will now offer complimentary three-month SiriusXM subscriptions with all pre-owned vehicle purchases equipped with satellite radio. "At OpenRoad, ... [Read More]
DrivingSales To Host its Inaugural Canadian Dealer Forum in Calgary
Thursday, Jun. 4, 2015, 03:16 PM
Christina DeVore, Director of Events, DrivingSales
As we gear up for the inaugural DrivingSales Canadian Dealer Forum, we realize that automotive needs are unique to buyers in their geographical area, and after years of requests from Canadian dealers, we will head across the boarder to focus on ... [Read More]
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