Automotive Properties Real Estate Investment Trust (REIT) announced it has completed the sale of a dealership property known as the Kennedy Lands in Markham, Ontario, to a member of the Dilawri Group. The $54 million sale was agreed to in ... [Read More]

In the midst of a financial restructuring, AutoCanada announced an amendment to its senior credit facility. In a news release, the struggling dealership group said the move offers “additional covenant headroom” during the covenant relief period, which runs through Sept. ... [Read More]

A week after the Canadian used wholesale market dropped by nearly half a percentage point, the decline for the week ending Sept. 21 was not quite so steep. Canadian Black Book’s weekly Market Insights reported the market fell by 0.34% ... [Read More]

AutoCanada has taken the next step on what it hopes is the road to recovery with the restructuring of its RightRide division. The dealership group said the adjustments to its used-car/subprime finance operation include closing seven unprofitable locations — more ... [Read More]

Go Auto plans to continue to grow and the dealership group is interested in acquiring franchises in Western Canada, the dealership group’s president Phil Abram told Auto Remarketing Canada. But it is also eying further expansion in the United States, he said. “Acquisitions are always challenging to forecast in terms of exact timelines, but I can say that we are always looking for ... [Read More]

Ford was the big winner as Vincentric announced the results of its seventh annual Best Certified Pre-Owned Value in Canada awards. The Blue Oval claimed a total of seven awards — two at the brand level and five model awards ... [Read More]

One month is a data point. Two months is … a trend? For the second month in a row, Canadian Black Book’s Used Vehicle Retention Index was up from the previous month, registering at 136.0 for August. That’s an increase ... [Read More]

AutoCanada’s quest to return to financial stability has begun. The Edmonton-based dealership group said Wednesday it has sold two of its Stellantis stores in Alberta – Ponoka Chrysler Dodge Jeep Ram in Ponoka and Airdrie Chrysler Dodge Jeep Ram on ... [Read More]

AutoLeap, a cloud-based auto repair management software provider, announced an integration with wholesale OEM replacement parts distributor Worldpac speedDIAL, providing access to Worldpac’s catalog through AutoLeap’s shop management software. The integration allows AutoLeap users to search for and order parts ... [Read More]

At the start of the school year, Toyota Canada is helping make sure students get their days off to a good start. The automaker donated $100,000 to Breakfast Club of Canada’s nationwide movement to increase access to quality school breakfast ... [Read More]