LGM Financial Services has received a financial boost from the East. The Vancouver-based F&I provider announced a strategic financial investment from Marubeni Corporation, one of Japan’s largest investment business conglomerates. LGM said the partnership “marks a powerful step forward in ... [Read More]

Auto theft insurance claims were down slightly in Atlantic Canada last year, but that doesn’t mean the problem is going away, Insurance Bureau of Canada said. IBC’s data on the cost of auto theft in the region shows a 10-year ... [Read More]

Paul Antony, who has led AutoCanada for the past seven years, informed the board of directors he will transition out of his role as executive chairman, the dealership group announced. In a news release distributed Friday morning, the company said ... [Read More]

A session at Canada’s Used Car Week featured a mix of automaker and dealership executives, who examined Canada’s certified pre-owned vehicle market, how CPO sales are faring, OEM-dealer partnerships, challenges and opportunities in CPO, vehicle supply dynamics and more. Cherokee ... [Read More]

One of the highlights of Canada’s Used Car Week was a stage full of top executives from the wholesale market. Cherokee Media Group’s Joe Overby led a conversation with these executives, who discussed macroeconomic, technological and market factors impacting their ... [Read More]

Turo has reached a milestone. Or, rather, the car owners who use it have. The car-sharing marketplace, which bills itself as the world’s largest, said the total amount earned by Canadian car owners sharing their vehicles on the platform since ... [Read More]

In an often volatile market, Canadian wholesale used-car prices were remarkably stable — at least for a week. Values for the car segments tracked by Canadian Black Book’s weekly Market Insights report fell just 0.04% for the week ending July ... [Read More]

The cost of auto theft has spiked dramatically in Alberta over the past three years, according to data from Insurance Bureau of Canada. The national trade association representing insurers said auto theft claims costs in the province have risen 65% ... [Read More]

If there’s one thing that can be said about the trend in the Canadian wholesale used-car market for the week ending June 28, it’s that it was consistent. According to Canadian Black Book’s weekly Market Insights report, car values were ... [Read More]

Axis Auto Finance has taken its latest step toward going away. The Mississauga-based direct-to-consumer subprime lender, which sold its auto finance business to Fionic Canada in December, announced it has completed the process of going private by consolidating the company’s ... [Read More]