Wholesale vehicle price depreciation picked up a bit last week in Canada, falling by an average just over a half-percent. Canadian Black Book found that used-vehicle prices declined by an average of 0.55%. Car depreciation was once again higher, dropping ... [Read More]

Mercedes-Benz Financial Services Canada has a new leader, appointing Brian Stevens its new president and CEO. Stevens will lead the financial services company’s Canadian arm in succession of James Ryan. Ryan was named CEO of Mercedes-Benz Financial Services BeNeLux, leading ... [Read More]

Although there may not have been any big surprises this year for the AutoTrader 2024 awards, the company’s editor-in-chief Jodi Lai told Auto Remarketing Canada she was happy to see the Toyota Prius/Prius Prime win for Best Overall Car. “It’s cool because it's the first hybrid and plug-in hybrid that has won this overall category in the AutoTrader awards. The Prius has always been so good. It's always been very reliable and efficient, but it recently ... [Read More]

Go Auto ramped up its presence in Canada’s Lower Mainland with the purchase of a leading Kia dealership. Go Auto acquired Kia West in Coquitlam, British Columbia, which according to a news release is the country’s No. 1 Kia dealer ... [Read More]

Wholesale vehicle price declines in Canada eased a bit last week, dropping by an average of 0.39%, following a 0.55% decline the prior week, according to the latest analysis from Canadian Black Book. The CBB report shows car prices dropping ... [Read More]

Continuing efforts to combat rising vehicle theft rates, the government of Canada is investing $15 million to support law enforcement agencies fighting the growing crime rates. Members of the government, including Dominic LeBlanc, Minister of Public Safety, democratic institutions and ... [Read More]

Mazda Canada entered two long-term partnerships with organizations focused on youth education and empowerment this week. The company is equally investing $420,000 over the course of three years to Indspire and Pathways to Education — both which are leaders in ... [Read More]

Canadian Black Book is ramping up its presence in the fintech space through a new partnership with Autocorp.ai. CBB’s integration on the Autocorp.ai platform is designed to make the online car buying and trade-in process more efficient for consumers and ... [Read More]

Automakers and dealerships in Canada now have another option to make their certified pre-owned vehicles stand out on history reports. CARFAX Canada has debuted a Certified Pre-Owned badge on its vehicle history reports that is designed to help its OEM ... [Read More]

Axis Auto Finance is looking to maximize shareholder value for its investors. It initiated a review of strategic alternatives to do just that, also forming a special committee of independent directors, announced last week. In response to growing interest, the ... [Read More]