SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here
CBB report shows wholesale vehicle value depreciation easing
Auto Remarketing Canada Staff
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]
Canadian government continues to combat vehicle theft, makes $15M investment
Auto Remarketing Canada Staff
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 launches 3-year, $420K investment for youth empowerment, education
Auto Remarketing Canada Staff
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]
CBB, AutoCorp.ai partnership makes trade-in process easier for dealers, consumers
Auto Remarketing Canada Staff
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]
CARFAX Canada launches OEM CPO badge to help automakers ‘distinguish’ certified vehicles
Auto Remarketing Canada Staff
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, looking to ‘maximize’ shareholder value, begins review of strategic alternatives
Auto Remarketing Canada Staff
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]
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]
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