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]

Canadian used-car prices continued to drop this past week by over a quarter of a percent. Many segments saw a change in average value of more than $100. The average drop came in at 0.26%, according to Canadian Black Book’s ... [Read More]

With macroeconomic pressures like high interest rates and increased cost of livin, Transunion Canada is tracking the auto industry’s lending performance. Year-over-year, originations are up by just under 2%, a rise mostly driven by more used inventory coming back online. “People weren't able to ... [Read More]

E Automotive Inc. — parent company of EBlock and EDealer — has a new chief financial officer. John Rim has 25 years of experience in the industry, with the last 12 years spent working as a CFO or chief operating ... [Read More]

Transunion’s Q2 2023 Credit Industry Insights Report shows that Canadians are continuing to take on credit to help manage cash flow as interest rates spike and the cost of living continues to rise. The number of consumers carrying a credit ... [Read More]