Even as inventory levels recover, affordability is still the biggest challenge facing dealers and auto finance companies in Canada, industry participants and analysts told Auto Remarketing Canada. “I would say while it is not unique to Canada, the biggest challenge (auto finance companies are facing) is simply the affordability factor,” said Mike Buckingham, managing director, auto finance at J.D. Power. Vehicle prices are up 30% since the third quarter of 2020 and interest rates have ... [Read More]

Bell Canada and Hyundai Motor Group announced a multi-year extension of their strategic partnership to provide Canadian customers with in-car connected infotainment services, powered by Bell’s network. Through Bell’s IoT connectivity, Hyundai, Kia and Genesis customers in Canada will receive ... [Read More]

Welcome to this week — same as the last week. Canadian Black Book’s Market Insights report for the week ending July 23 wasn’t much different than the previous one, not to mention many others in recent months, with wholesale values ... [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto features a session about how dealers can use TikTok. While videos on that social media platform last only a couple minutes, Miranda ... [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto features a keynote presentation titled, “Inventory Management Needs To Be Lead Management.” Lotpop CEO and owner Jasen Rice offered recommendations based on ... [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto features a keynote presentation titled, “Connecting with the Modern Consumer.” Jessica Lo Basso and Jake Stacey of LGM Financial Services delved into ... [Read More]

This episode of the Auto Remarketing Podcast features the second part of an in-depth conversation about Canada’s wholesale auto market. Joining this session from Canada’s Used Car Week in Toronto last month are: —Blair Earle, managing director of Canada, IAA ... [Read More]

Olivier Vincent, an expert in artificial intelligence, sees the auto industry on the brink of a revolution. Vincent wants dealers and other service providers to take advantage of everything AI can do, especially with understanding consumer needs, tailoring experiences to ... [Read More]

Impel executive sales manager Ray Gill said, “dealers need to think bigger” when considering the use of artificial intelligence. In a training session from this year’s Canada’s Used Car Week titled, “How AI is Separating the Best from the Rest,” ... [Read More]

Canada’s wholesale auto market is so vast that a conversation about it had to be divided into two parts for the Auto Remarketing Podcast. The first part of that conversation from Canada’s Used Car Week in Toronto features: —Riley Spiers ... [Read More]