After half a year of slowly creeping upward, the Canadian wholesale used-car market took a significant leap in January. Canadian Black Book’s Used Vehicle Retention Index was up 2.3 points for the month, rising to 138.0 from December’s 135.7. That’s ... [Read More]

There’s some disagreement about the forecast for Canada’s retail used market in 2025. But analysts agree on one thing: it’s hard to know exactly what retail used-car demand and pricing is going to look like this year. “Assuming there are ... [Read More]

Dealership software provider Reynolds and Reynolds is collaborating with Kimoby, to help Quebec dealers collect payments efficiently. The partnership gives Reynolds’ dealership customers in Quebec access to Kimoby Pay, an electronic payment processing system that can be used in store ... [Read More]

People whose business it is to know and monitor the Canadian wholesale automotive industry are keeping a watchful eye on wholesale prices and inventory and three potential curve balls that could impact both: — U.S. President Trump’s announcement that his administration will impose 25% tariffs on goods imported into the U.S. from Canada and Mexico (a move that has since been paused) — A change in Canada’s political landscape as a result of Prime Minister Justin Trudeau’s decision to resign — Interest rates and inflation Canada’s wholesale used-car industry is concerned about ... [Read More]

Having slowed to a crawl in January, the fall of Canadian wholesale used-vehicle values has reached a virtual standstill. According to Canadian Black Book’s weekly Market Insights report, the market was down a mere 0.05% for the week ending Feb. ... [Read More]

Jaguar Land Rover’s Canadian operation has a new remarketing partner. Otolane, an online dealer-to-dealer wholesale remarketing platform, announced its collaboration with JLR Canada for the OEM’s fleet of company cars. Through the program, which will launch in February, JLR retailers ... [Read More]

iA Financial Group has acquired Global Warranty, a group of independent warranty providers and administrators for the Canadian used-vehicle market, iA announced. London, Ontario-based Global Warranty provides vehicle warranties and vehicle protection products for more than 1,500 dealerships and 400 ... [Read More]

Three big industry players are teaming up to help prevent fraud in Canadian auto finance. Dealership software provider Dealertrack Canada has partnered with Equifax Canada and Interac to introduce a new identity verification system using Equifax’s identity orchestration services integrated ... [Read More]

The decline of Canadian wholesale used-vehicle values has slowed to a crawl. Canadian Black Book’s weekly Market Insights report for the week ending Jan. 25 showed the overall market down just 0.10%, following the previous week’s 0.17% decrease. Truck/SUV values ... [Read More]

Andrew Lemoine expects to see increased digitization as a trend in auto finance, as consumers are “demanding a lot more seamless online buying experiences.” Consumers want that seamless experience in the overall vehicle purchase transaction, and Lemoine, who is founder and CEO of autocorp.ai, said that includes the financing portion. Autocorp.ai provides tools to allow dealerships to sell cars and engage with consumers online. “When it comes to things like pre-approvals and taking the finance deal further in a digital format, I think we can expect to see ... [Read More]