General Motors Financial posted across-the-board growth in North American loan originations during the third quarter, but loan penetration in Canada was down by over 10 percent from the second quarter. As of the end of September, Canadian loan penetration as ... [Read More]

I’m a passionate guy. Aside from the obvious loves of my life (my children, wife and family), I’ll admit that I’m one of those guys that loves his job — engaging in the game of the used-car sales industry. I also love ... [Read More]

It’s been a busy few weeks for the Policaro Automotive Family, which on top of adding another dealership to its franchise network, also recently won a global dealership contest for marketing innovation. The Policaro Automotive Family, who runs franchises in Brampton ... [Read More]

It has been 50 years since Toyota entered the Canadian marketplace. A half a century ago, Toyota granted a distributorship agreement to Canadian Motor Industries, Ltd., which would later become Toyota Canada Inc. (TCI). The following year, TCI would sell ... [Read More]

Continuing its stream of acquisitions for the year, AutoCanada Inc. announced this week it has purchased Toronto Dodge Chrysler Ltd, which owns and operates a Chrysler Dodge Jeep Ram dealership located in Toronto. The dealer group received approval from Chrysler ... [Read More]

The Canadian Auction Express brand is expanding. Veteran auctioneer and entrepreneur Gord McComb and his son Jim McComb, vice president of operations and also an auctioneer, are opening a new auction designed to serve dealers. The new Canadian Auction Express ... [Read More]

Sales in Motion Showroom Selling Tools’ tablet-based sales application now has a new offering that can help salespeople cut down on the time it takes to close a deal as well as foster confidence in their customers. The company has ... [Read More]

A new offering for the F&I department and service department that will help generate more revenue and potentially more used supply is about to hit the market. MyCarIsWorthLess.com — an online diminished value calculator — is launching its Diminished Value Protection Plan, ... [Read More]

Prices for all segments in the lanes were falling last month, but one more fuel-efficient SUV segment lead the pack with a sizeable drop. According to the ADESA Canada Used Vehicle Price Index, compact SUV prices fell by 7.6 percent, ... [Read More]

Manheim Toronto is 50 years old this year, and the auction chose to celebrate this milestone earlier this month. Manheim Toronto, which opened in August 1964, hosted anniversary sales during its regular consignment sales on Oct. 7 at 10 a.m. ... [Read More]