Canadian Black Book is seeing a pretty poor level of sales rate in the auctions right now, and they are monitoring this data daily and adjusting values on a weekly basis. “But if nothing's converting to an actual transaction, nothing's moving out there, and that's causing the sellers to hopefully bring down their prices. But they're kind of fixated on not doing that,” said Daniel Ross, CBB's senior manager of industry insights and residual value, in an interview with Auto Remarketing Canada. Instead, dealers are trying to ... [Read More]

Shortly after announcing its third-quarter financial results and walking through its next five-year plan, AutoCanada announced it has received approval to open a Porsche Classic & Service Centre in Windsor, Ontario. This is the first of its kind in Canada, ... [Read More]

On Wednesday, taq Automotive, a member of the SCI Group of Companies, announced a new partnership with SCI Lease Corp. to streamline the leasing process into a completely digital process. Taq said in a news release that with the new ... [Read More]

Last week, prices dropped by 0.66% at the auto auctions in Canada, according to Canadian Black Book, which reported car segment prices dropped by 0.43%, and trucks/SUV segment prices fell by 0.89%. None of the segments CBB tracks saw values ... [Read More]

AutoCanada is in its 30th year of existence and its 18th year as a public company. This also marks the five-year benchmark of its “Go Forward” plan, which included stabilizing the company in 2018, as well as contemplating and acting on what the future holds. With continuing this growth in mind, AutoCanada held a series of operational strategy sessions this past summer, which were used to “create the playbook that’s going to lead our organization for the next five years ... [Read More]

Auto finance application platform LendingArch is growing its presence in the Canadian market, expanding its network of auto dealerships through its Carsfast.ca platform. In a news release, LendingArch president Paul Hadzoglou said: “We are thrilled to announce our continued success ... [Read More]

Audi Thornhill’s new-vehicle sales and service facility located at 7064 Yonge Street has opened, leaving the store’s temporary facility open for certified pre-owned to sweep in. The temporary Audi Thornhill new dealership location at 7079 Yonge Street has been transformed ... [Read More]

TD Bank is taking a stand against discrimination and hate throughout communities in Canada and the U.S. through another $250,000 donation in response to the ongoing conflict in the Middle East. So far, TD has donated a total of $1 ... [Read More]

Roughly two weeks after rebranding to its current name, Cars Commerce is expanding its platform into Canada, giving the company a much larger presence in the country. The company announced Thursday morning that it has acquired D2C Media Inc., an ... [Read More]

After a contentious negotiation process culminating in a strike that only lasted hours, Canadian union Unifor has reached a tentative agreement with the last of the Detroit 3 in negotiations, Stellantis. This follows ratifying pattern agreements with both Ford Canada ... [Read More]