With the significant spikes in vehicle theft threats across Canada, many of the auto industry’s sectors stand to be impacted. Elliot Silverstein, director of government relations at CAA Insurance, spoke with Auto Remarketing Canada on the rise of vehicle theft and how it is impacting the insurance and finance sector, in particular. Silverstein has been watching the vehicle theft trends increase over the last year-and-a-half. He says this challenge ties into ... [Read More]

Vehicle theft rates in Canada have grown considerably since 2020 and the start of COVID-19, as vehicle supply — both new and used — contracted. Transport Canada is abreast of this challenge, and working to ensure its regulations for vehicle anti-theft devices and more are up to the task. In early September, the Equite Association, an investigator for the insurance bureau, called on Transport Canada to ... [Read More]

AutoCanada started the week by revealing a set of promotions and additions to enhance its executive team. First up, Jeff Thorpe, former AutoCanada president, Canadian operations, is now responsible for all operations in North America as president, North American operations. ... [Read More]

What does the auto buying journey look like in 2023?  To answer that question, Kijiji released its Buyer Pulse Survey for 2023 to paint an accurate picture of this consumer “journey”. A vehicle is likely the second most expensive item a consumer will buy and own in his or her lifetime. In line with that fact, the top paint point for consumers that showed up in the survey was ... [Read More]

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]