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]

Subaru Canada and Leave No Trace are teaming up to help preserve and protect Canadian parks and wilderness. These conservation efforts will be centered around planting a total of 10,000 trees in conjunction with Subaru’s third year of its Adventure ... [Read More]

With revenues climbing from a year ago, AutoCanada chairman Paul Antony and his team dove deep on how various operational initiatives have pushed the publicly traded dealer group. These initiatives, including selling more pre-owned cars while keeping less inventory in stock, were supported by “robust market conditions,” said Antony during a call to announce and analyze AutoCanada’s second-quarter operating results. "New light inventories have begun to replenish, and this coupled with high demand following the pandemic supply constraints has resulted in [Read More]

Wholesale vehicle prices fell by over 1% year-over-year in July, continuing a slow march down from March 2022 highs. More specifically, the Canadian Black Book Index tracking auction prices dropped by 1.4% from July 2022. The monthly drop was slight, ... [Read More]

Demand for quality used vehicles is up across the country. There’s nowhere this trend is more evident than in the certified pre-owned vehicle market. July marked the 11th consecutive month where Hyundai Canada set a record CPO sales tally for the respective month.  And June was the program’s best month ever, as it moved 1,940 CPO units. Through July, year-to-date sales are ... [Read More]

This September, more auto enthusiasts than ever are expected to come out for the third annual Drive Festival. Coined as Canada’s “preeminent outdoor automotive event,” the festival will be held at the Canadian Tire Motorsport park in Bowmanville, Ontario from ... [Read More]

AutoTrader’s newest Price Index Report for Canada reflects growing consumer intent-to-buy and an industry still plagued with supply issues. In an effort to further drill down into the index results and what they mean for the Canadian pre-owned market, Auto Remarketing Canada connected with AutoTrader analysts. According to Baris Akyurek, vice president of insights and intelligence at AutoTrader, the index reveals some “interesting variations” in ... [Read More]

AutoTrader’s newest Price Index Report from Canada paints a picture of strong consumer demand and low inventory — an environment the industry has become familiar with since 2022’s historic price highs. Supply continues to be a challenge, with prices rising ... [Read More]

RM Sotheby’s, which is based in Ontario, and Motorsport network have teamed up to launch a new high-line vehicle online auto auction destination. Sotheby’s Motorsport online auction will focus on 21st century sports, exotic, and luxury vehicles priced between $100,000 ... [Read More]