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]

Price drops in the auto auction lanes continue what have been slow but consistent declines. The Canadian Black Book wholesale price index fell by 0.30%  last week. The small pickup segment was up 0.72% followed by the full-size car segment ... [Read More]

Live virtual auction platform EBlock recently chose a former Hyundai Capital Canada executive as its new director of commercial sales: Bryan McIntyre, the prior senior manager of remarketing and ops support at Hyundai Canada’s captive arm. McIntyre was with Hyundai Capital since 2017. He has 15 years of auto industry experience and has held management jobs within auto finance organizations that include subprime lending, major bank and captive finance lenders. McIntyre spoke with Auto Remarketing Canada shortly after he took the new role at EBlock ... [Read More]

Rumors of auto worker strikes are circling around the car manufacturing industries in both Canada and the U.S.  And the waves are quickly turning into more than just buzz. This past weekend, Unifor members at Ford Motor Co., General Motors ... [Read More]

Recent reports regarding the electric vehicle market in Canada have a similar theme: Interest in EVs is there, but the infrastructure isn’t completely ready. Companies across the automotive space are looking to tackle this challenge, one of which is tech ... [Read More]

Canada’s Lift Auto Group has purchased a new Oakville, Ontario, collision center. The established CSN Automacs is now under ownership of the Lift Auto network of repair shops. Lift Auto said in the press release announcing the news that it ... [Read More]

Automotive marketplace AutoTrader.ca is bringing a new AI-powered solution to Canada’s auto dealers. Optimizer – AI was launched in 2021 based on AI technology and has been enhanced after two years of research, testing and optimization. Now, Upgrade Optimizer – ... [Read More]

Over the past two weeks, most vehicle segment Canadian Black Book tracks saw declines that went against seasonal norms. During the work week ending on Aug. 12, wholesale values continued to fall above seasonal rates, with an average drop of ... [Read More]

OEMs continue to pump out new electric vehicle models, and supply of some of the legacy models is backing up as new-car inventory continues to expand slowly but surely. Although Canadian consumers are leaning toward smaller vehicles due in part to high prices and interest rates, as well as gas prices and environmental concerns, there could be a shift in the near future. With the rise of electric SUVs becoming more commonplace, this could help ... [Read More]

Vehicle inspection platform PAVE is partnering with dealer vehicle acquisition platform Turnyn. The partnership is designed to “revolutionize the vehicle acquisition and appraisal process,” in an effort to increase efficiency, condition insight and pricing accuracy, PAVE says. “The collaboration between ... [Read More]