SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
At Least 2 Brands See Best-Ever November CPO Sales in Canada
Sarah Rubenoff, Auto Remarketing Canada Editor
Canadian certifed pre-owned results began rolling in as the selling month came to an end this past weekend. Once again, the European automakers are showing impressive results, with Audi Canada seeing a 19-percent increase from November 2012. Elankum Vairavanathan, manager, ... [Read More]
Report: Auto Industry Profit Margins Spike; Canada Pulls in Record Monthly New-Car Sales
Sarah Rubenoff, Auto Remarketing Canada Editor
The results of Scotiabank’s Global Auto Report that were released today show auto industry profit margins have spiked to 10-year highs, reaching above pre-recession levels, with the highest profitability showing up in North America. The report indicates that the five ... [Read More]
ADESA Canada Used Vehicle Price Index Update Shows Double-Digit Percentage Drops for Mid-Compact Cars
Sarah Rubenoff, Auto Remarketing Canada Editor
The ADESA Canada Used Vehicle Price Index powered by ALG Canada has been updated through October, and it shows wholesale prices have recently seen one of the biggest drops this year. With all segments experiencing negative price movement, the index ... [Read More]
Canadian Used Supply Forecasted to Rise Slightly
Sarah Rubenoff, Auto Remarketing Canada Editor
Though slight, the report stated used market supply is forecasted to rise slightly. And new-vehicle sales in October were the highest on record, according to ALG, the fourth consecutive month of record sales. This, of course, is also good news ... [Read More]
Canadian Used-Car Prices Drop in October; Full-Size Pickups Lead Declines
Sarah Rubenoff, Auto Remarketing Canada Editor
Although prices are still up over 3 percent from 2012 levels, this past month auction prices experienced one of the only drops seen this year. Used-car prices in Canada fell slightly in October, going down 1.8 percent when compared to ... [Read More]
Manheim Canada Chooses New Director of Commercial Accounts
Auto Remarketing Staff
Manheim Canada announced this week it has chosen a new director of commercial accounts. Joining the company’s leadership team is Steve Coulman, effective this coming Monday. Commenting on the hire, Russ Stegall, executive director of Manheim customer management, said, “We’re ... [Read More]
LeasePlan Canada to Open in January 2014
Auto Remarketing Canada Staff
Thanks to a new licensing agreement, fleet management firm LeasePlan Corporation N.V., announced that it will expand its North American service offering to include Canada in January 2014. LeasePlan and Canadian fleet management company Foss National Leasing Ltd. have entered ... [Read More]
CarProof’s First Annual Client Advisory Board Meeting Focuses on New Products & Future Advertising
Sarah Rubenoff, Auto Remarketing Canada Editor
In an effort to connect with clients, CarProof Vehicle History Reports held its first Client Advisory Board meeting earlier this month. Held in Blue Mountain, Ontario, the company invited 40 of its top dealer, auction and corporate customers to attend ... [Read More]
CarProof Releases Used Car Selling Guide
Auto Remarketing Canada Staff
CarProof Vehicle History Reports revealed today a new resource to help used-car buyers and sellers. The new 2013 Used Car Selling Guide, designed to help private sellers prepare their cars for sale, may prove beneficial to dealers, as well, since ... [Read More]
OMVIC Warns Industry Curbsiders Are Changing Their Tactics
Sarah Rubenoff, Auto Remarketing Canada Editor
The Ontario Motor Vehicle Industry Council is warning consumers and the industry about a new trend among unlicensed dealers — also known as curbsiders. Though traditionally these dealers have targeted customers with smaller pocketbooks with the promise of inexpensive vehicles, ... [Read More]
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