The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here
Canadian dealers navigate lucrative export market
Josh Hyatt, Staff Writer
Canadian dealers, especially in some of the country’s largest markets, nowadays find themselves in an interesting situation. They can put in all the work associated with the retail sale of a vehicle in their inventory to someone in their market. ... [Read More]
June brings CPO gains for Canadian OEMs
Sarah Rubenoff, Auto Remarketing Canada Editor
June was another strong month for Canadian certified pre-owned sales, with many automakers experiencing record CPO sales and impressive year-over-year gains. Volkswagen Canada experienced its best June on record for certified sales, with dealers delivering 1,587 CPO vehicles. This represents a ... [Read More]
Number of segments to see auction price drops by end of year
Auto Remarketing Canada Staff
Though used prices were still on the way up in May as summer neared, according to RVI data, analysts are still predicting a slow downturn in auction prices — potentially causing some relief for dealers and buyers in the lanes ... [Read More]
Luxury-vehicle sales hit double-digit gains in Canada
Auto Remarketing Canada Staff
Scotiabank released its Global Auto Report this week, highlighting a record sales month in Canada for the month of May. Carlos Gomes, the senior economist and auto industry specialist at Scotiabank, summarized May’s achievement. “Sales in Canada set a record ... [Read More]
Element to purchase GE Capital’s Fleet Ops in US
Sarah Rubenoff, Auto Remarketing Canada Editor
Toronto-based Element Financial Corp. announced today that it is purchasing GE Capital’s remaining fleet operations in the U.S. and Mexico, and Australia and New Zealand — an all-cash deal worth $8.6 million in Canadian dollars. Element had previously acquired the ... [Read More]
Luxury diesel models good sell for cost-conscious shoppers
Sarah Rubenoff, Auto Remarketing Canada Editor
Though diesel vehicles might not be the easiest sell these days, the latest results from Vincentric’s first Canadian Diesel Analysis might give dealers some talking points when trying to convince shoppers of the benefits of these units. According to the ... [Read More]
Canada’s auto industry expected to see profit of $2.3B
Sarah Rubenoff, Editor
Though the suffering Canadian exchange rate is making it a bit more difficult for dealers deciding whether to retail their used units or sell them wholesale over the border, that very same issue is driving profits up for the country’s ... [Read More]
Mercedes-Benz Thornhill flagship open for business
Auto Remarketing Canada Staff
Mercedes-Benz Canada recently announced the completion of its brand new flagship retail facility: Mercedes-Benz Thornhill. The corporately owned store has a whole new look and is located in the upper northwest quadrant of the Greater Toronto Area at 228 Steeles ... [Read More]
Hyundai offers way for technicians, shoppers to connect
Auto Remarketing Canada Staff
Hyundai Canada announced this week a new initiative that can help get consumers ready for summer travel as well as offer dealership service departments a chance to connect with potential customers and show off the Hyundai lineup. The new Hyundai ... [Read More]
Mobials launches dealership award, consumer certification programs
Sarah Rubenoff, Auto Remarketing Canada Editor
You might have the right vehicles in stock. And you might be offering the best deals. You might even be in the prime location. But these days, it isn’t enough unless consumers find your business trustworthy — and that starts ... [Read More]
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