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
Signal Technologies picks entrepreneur, start-up expert as chief commercial officer
Auto Remarketing Canada Staff
Signal Technologies, leader in the Canada-to-U.S. used-vehicle import market, has picked an industry entrepreneur as its new chief commercial officer. Chosen for the position is Tyler Hall, who most recently founded and led Drivably as CEO. Drivably was designed to ... [Read More]
AutoTrader Awards highlight vehicles Canadians can feel confident about
Auto Remarketing Canada Staff
The new AutoTrader Awards results are out, highlighting the best vehicles in Canada, according to some of the country’s top auto experts. The awards are based on 2023 Ipsos research. AutoTrader said the categories this season reflect how Canadians shop ... [Read More]
Wholesale vehicle prices fairly steady last week in Canada
Auto Remarketing Canada Staff
After falling by an average of over 1% the week prior, wholesale vehicle price depreciation was steady the week ending Jan. 13, according to the latest report from Canadian Black Book. The report said prices last week fell 0.51%. In ... [Read More]
TD Bank Group wins 2 innovation awards, stemming from TD Invent incubator
Auto Remarketing Editor Joe Overby
TD Bank Group, which includes TD Auto Finance, is the recipient of two innovation awards for the third year in a row. The bank group has been recognized by the Business Intelligence Group (BIG) through the 2024 BIG Innovation Awards. ... [Read More]
GM Canada names new president & managing director
Auto Remarketing Canada Staff
GM Canada has a new leader with the appointment of Kristian Aquilina as its new president and managing director. Aquilina was promoted from his previous role as vice president of vehicle sales, service and marketing at GM Canada. Aquilina reports ... [Read More]
Wholesale vehicle prices continue weekly depreciation of over 1%
Auto Remarketing Canada Staff
Wholesale vehicle prices fell by over 1% last week, according to the latest weekly report from Canadian Black Book. Specifically, the overall decline in prices was 1.06%, with the car segments showing slightly weaker depreciation, falling by 0.67%, while trucks ... [Read More]
Hyundai Canada, partners raise over $15K for homeless in York region
Auto Remarketing Canada Staff
Hyundai Canada, CDK Global, Hyundai Capital Canada and PBS Systems joined forces to fight homelessness in Canada as 2023 wrapped up. The four companies raised over $15,000 through the annual Hockey Helps the Homeless tournament. This money will go to ... [Read More]
Tesla recall may not significantly impact brand, but industry experts warn problems may lie elsewhere
Sarah Rubenoff, Correspondent
As 2023 wrapped up, Tesla took a bit of a hit, with a recall announced that covered almost all new vehicles sold in the U.S., as well as over 200,000 in Canada.
According to Transport Canada, in certain circumstances when Autosteer, Tesla’s autopilot feature, is engaged, the prominence and scope of the feature’s controls may not be sufficient to prevent driver misuse of the advanced driver-assistance feature.
Auto Remarketing Canada reached out to Daniel Ross, senior manager, industry insights and residual value strategy at Canadian Black Book, to get more insight into the road Tesla is on, and whether their niche market is reacting to recent red flags from the automaker.
One of the most recent, of course, is the 2023 sweeping recall.
Interestingly, Ross said although he doesn’t see the recall as ... [Read More]
Wholesale vehicle prices fall at ‘quickest sustained rate’ since COVID-19 began
Auto Remarketing Canada Staff
2024 is kicking off after a month of continued wholesale price declines. According to the Canadian Black Book Used-Vehicle Retention Index, prices in Canada fell by an average of 2.3% in December. Declines in value continued at the quickest sustained ... [Read More]
iA Financial Group invests in AutoCanada F&I online business; dealer group secures minority interest of used digital division
Auto Remarketing Canada Staff
iA Financial Group has invested $25 million into AutoCanada’s new F&I online business on Kijiji’s marketplace. This investment gives iA Financial Group a 10% equity interest in the business unit that will sell finance, insurance and warranty products to buyers ... [Read More]
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