Earlier this week, it hit the presses that Canada-based BMO Financial Group will no longer provide auto financing indirectly through dealerships. Jeff Roman, director, enterprise media relations at BMO Financial Group, confirmed the news for Auto Remarketing Canada early Tuesday ... [Read More]

The contract negotiation process between Ford Canada and auto-worker union Unifor has been a busy one this week. The latest from the OEM and Unifor is that the two have reached a tentative labor agreement as of Monday evening. This ... [Read More]

A new luxury auto facility is coming to the Okanagan territory. British Columbia’s Kot Auto Group is opening what it calls the first standalone luxury boutique Genesis facility in the territory. The auto group is expanding its Genesis Kelowna to ... [Read More]

Canadian auto worker union Unifor is extending contract negotiations with Ford Canada for 24 hours. It was a busy night for Ford Canada, its workers and Unifor — the union that represents them. On the eve of the expiration of the ... [Read More]

Reports of growing vehicle theft across the provinces has spurred many to call for vehicle theft safety regulation updates and improvements, as well as stronger efforts to find and repatriate these stolen vehicles. For example, in early September, the Equite Association called on Transport Canada to adopt new standards set out by UL standards and engagement (ULSE), to be more in line with U.S. regulations and standards. These changes would update Canada’s federal motor vehicle safety regulations and ... [Read More]

Vehicle prices continued to fall at auction, dropping by 0.16% last week, according to the latest weekly report from Canadian Black Book. This continues price drops that began early this year. Cars saw prices fall by 0.06% at auction, while ... [Read More]

J.D. Power Canada recently released data that shows the auto service market is normalizing from COVID-19 impacts, and dealer share of the market is growing. Auto Remarketing Canada spoke with J.D. Ney, automotive practice lead at J.D Power Canada, to get more insight into the company’s Canada Customer Service Index—Long-Term (CSI-LT) Study results ... [Read More]

The aftermarket is beginning to normalize to pre-pandemic levels, shrinking from 2022’s soaring highs as it recovered from COVID-related declines. According to the J.D. Power 2023 Canada Customer Service Index—Long-Term (CSI-LT) Study, the auto service market has shrunk to $9.1 ... [Read More]

Growing vehicle theft in Canada: It's a trend that has been hiding in the wings for a while, says Michael Rothe of  the Canadian Financing and Leasing Association. But for many in the auto industry, it didn’t hit their radar until 2020, when the data became hard to ignore. According to a recent report from the CFLA, there were over ... [Read More]

Late last week, Unifor selected Ford Motor Co. as the “target” for Detroit 3 negotiations in relation to pending auto strikes in Canada. Negotiations with Ford as the target automaker will set the pattern agreement for the process. As to ... [Read More]