Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
Annual AutoTrader awards show Toyota as frontrunner for consumer trust
Auto Remarketing Canada Staff
The 2024 AutoTrader Awards, which celebrate some of the “best vehicles for Canadians,” honored five Grand Prix winners this year for the country’s most-trusted vehicles. That’s according to some of the country’s leading auto experts, as well as Canadian car ... [Read More]
Wholesale Express under new ownership; co-founder to return to assist in expansion
Auto Remarketing Canada Staff
Wholesale Express is under new ownership — and set to expand its Eastern Canada business further across the country. The wholesale auto sales site for dealers has been purchased by an investor group made up of management and AshMark, and ... [Read More]
CARFAX Canada names Shawn Vording as next president
Auto Remarketing Canada Staff
CARFAX Canada will soon have a new leader at the helm. Shawn Vording will become the vehicle history report company’s new president, effective March 1. Vording most recently served as vice president of product and sales. Vording brings along 15 ... [Read More]
CBB’s 2024 Best Residual Value Awards shows interest in cars growing amid ‘cooling’ vehicle market
Sarah Rubenoff, Correspondent
Although the snow is still falling with weeks of winter ahead, residual value trends are showing that consumer interest for cars and smaller vehicles is growing in Canada. The results of Canadian Black Book’s 2024 Best Residual Value Awards illustrated ... [Read More]
Wholesale vehicle depreciation in Canada picks up last week
Auto Remarketing Editor Joe Overby
Wholesale vehicle depreciation gained a bit of steam in Canada last week, with prices falling by an average of 0.70%, according to the latest Canadian Black Book weekly report. Car segments once again saw larger declines, with a drop 0f ... [Read More]
Government of Canada announces new federal investments on eve of Summit to combat auto theft
Auto Remarketing Canada Staff
The day before Prime Minister Justin Trudeau was set to deliver remarks to open the National Summit on Combating Auto Theft, the government of Canada announced a variety of federal investments to stop export of stolen vehicles. On Tuesday, Dominic ... [Read More]
Trend: Wholesale cars in Canada depreciating faster than trucks, SUVs
Auto Remarketing Canada Staff
Last week, prices at auction decreased by 0.42% overall, according to the latest analysis from Canadian Black Book. CBB data indicates that prices held a bit stronger than weeks prior. Two weeks ago, prices dropped by an average of 0.61%, ... [Read More]
Consistency is name of the game for J.D. Power’s 2024 ALG residual value awards in Canada
Auto Remarketing Canada Staff
Toyota and Lexus come out on top when it comes to quality, durability and pricing. That’s according to J.D Power’s 2024 Canada ALG Residual Value Awards. ALG is the division of J.D. Power known as the industry benchmark of automotive ... [Read More]
Trust Science adds veteran tech investor to board of advisers
Auto Remarketing Canada Staff
Sourcing, screening and decisioning platform Trust Science has chosen a veteran tech investor and innovation guru to its board of advisors. Chosen for the position is John Ruffolo, whose background includes stints as the founder and managing partner of Maverix ... [Read More]
Safe-Guard Canada provides updated customer experience with new Protection Products Platform
Auto Remarketing Canada Staff
Safe-Guard Canada customers have a new experience waiting for them online. The branded protection products company announced the launch of its new website and Protection Products Platform. The company said this move “signifies the company’s digital transformation from a third-party ... [Read More]
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