The data dealers are privy to in their businesses on a day-to-day basis continues to grow at a rapid rate. Some see capturing and using this data as a huge benefit, and some are still baffled by the sheer amount ... [Read More]

Toronto-based TRADE X, a B2B cross-border vehicle marketplace for trading vehicles globally, said Tuesday it has integrated PAVE’s vehicle inspection API into its platform. Through this integration, sellers on the TRADE X platform can easily capture inspection information and provide ... [Read More]

What’s the “new normal” for the post-pandemic used-vehicle market in Canada?  How has the pandemic impacted the industry, and what are the lasting effects? Jake Stacey, executive vice president of sales and training at LGM Financial Services and a speaker ... [Read More]

Wholesale vehicle prices in Canada were down both year-over-year and month-over-month in Canada, but export demand is lifting values in some segments, according to Canadian Black Book. Releasing its monthly Used Vehicle Retention Index on Thursday, CBB pointed to the ... [Read More]

Despite a decline in used retail vehicle gross profit percentage, AutoCanada’s used-car sales climbed nearly 9% in the first quarter, which also helped the retailer achieve robust F&I and parts, service, collision repair profits. In a news release Wednesday outlining ... [Read More]

OCM Auto Financing Group Ltd., a subprime auto finance company based in Ottawa, said last week it has upped its fund size to $100 million. Comprising the facility is a combination of funds from investors via debenture offerings as well ... [Read More]

AutoCanada has expanded its footprint in Ontario with its acquisition of Premier Chevrolet Cadillac Buick GMC in Windsor. The dealership includes 42,000 square feet of facilities on five acres, which includes a 12,000-square-foot collision center with 14 service bays. The ... [Read More]

In the past few years, high used- and new-vehicle prices kept many from scooping up their next vehicle, be it an electric or traditional internal-combustion engine vehicle. As prices normalize, EVs — which normally tout a higher price tag than comparable ICE vehicles — are becoming more viable for consumers trying to make a vehicle-purchase decision. To get a pulse on further movement in the used EV market in Canada, Auto Remarketing Canada explored recent news and reached out to experts throughout  the industry ... [Read More]

AutoVerify has a new CEO. The company said Thursday that chief operating officer Keith Murray, who has been the company since 2020, is now taking on the top role. Prior to joining AutoVerify, Murray worked with Autodata Solutions for 21 ... [Read More]

Canadian Black Book’s annual Residual Value Awards, which were released earlier this spring, revealed some interesting movement in electric vehicle residual values. It shook out that EVs are expected to hold more value after four years than their internal combustion engine car counterparts. Specifically, the residual value average for EV winning cars is ... [Read More]