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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

Carfax parent company buys CarProof

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Auto Remarketing Canada Staff
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]

Dilawri’s REIT picks Montreal for 1st purchase

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Auto Remarketing Staff
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 unveils Jaguar Land Rover Langley

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Auto Remarketing Canada Staff
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 adds 58th dealership to lineup

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Auto Remarketing Canada Staff
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 grosses $75M on common share offering

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Auto Remarketing Canada Staff
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]

New event on women, diversity in auto headed to Toronto

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Sarah Rubenoff, Auto Remarketing Canada Editor
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]

Steele Auto Group buys Colonial Honda

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Sarah Rubenoff, Editor
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 Auto Canada launches new dealer-to-dealer platform

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Auto Remarketing Canada Staff
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]

Using blogs & engagement to drive search results

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Sarah Rubenoff, Auto Remarketing Canada Editor
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]

Auction prices drop for 3rd month in a row

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Sarah Rubenoff, Auto Remarketing Canada Editor
Wholesale prices fell for the third month in a row in November but remain elevated in light of low supply. According to the ADESA Canada Used Vehicle Price Index, powered by ALG, wholesale prices fell on average by a slight ... [Read More]

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