Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
Sotheby’s, Motorsport Network team up on high-line luxury, sport online auto auction led by Chip Perry
Auto Remarketing Canada Staff
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]
In Canadian wholesale market, car prices steadier than larger vehicle segments
Sarah Rubenoff, Correspondent
Prices in the Canadian wholesale vehicle market continued to slide last week, dropping by 0.27%, according to Canadian Black Book. Once again, the trucks (down 0.48%) saw prices drop more than cars (0.05%), the CBB data shows. That’s compared to ... [Read More]
Broadridge Canada’s new leadership tasked with meeting growth in Canadian market
Auto Remarketing Canada Staff
To ramp up to meet growth in the Canadian market, fintech company Broadridge Financial Solutions named a new president of Broadridge Canada. Karin Yorfido is filling the new role, after working as general manager of GTO Canada since 2021. She ... [Read More]
Holand Real Estate Group purchases prime location in Mount Royal
Auto Remarketing Canada Staff
Holand Real Estate Group, part of the Holand Automotive Group — one of Canada’s leading luxury automotive retailers — acquired a prominent property in the town of Mount Royal, Montreal. The Holand Real Estate Group owns the Wawanesa Insurance building ... [Read More]
Prices in the auction lanes reflecting consistent weekly declines
Sarah Rubenoff, Correspondent
Similar to the week before, wholesale vehicle prices last week declined on average by 0.28%. That’s according to Canadian Black Book, which tracks wholesale market changes week by week. Truck and SUV segments saw a more significant dip of 0.44%, ... [Read More]
AFC chooses past OEM exec to run AFC Canadian field ops
Auto Remarketing Canada Staff
OPENLANE subsidiary AFC has hired longtime automaker executive Robert Staffieri as its new regional director of Canada, where he will be responsible for overseeing the company’s field operations in the country. This includes sales, business development and customer success. “Robert ... [Read More]
Inspection platform PAVE hires 4 new machine learning experts
Sarah Rubenoff, Correspondent
Vehicle inspection platform PAVE is focusing on artificial intelligence and the role it plays in the company’s success. With that in mind, PAVE has hired four new machine learning experts to boost its AI team. These new recruits were all ... [Read More]
OpenRoad launches philanthropic arm to support local communities
Sarah Rubenoff, Correspondent
OpenRoad Auto Group has launched a philanthropic non-profit organization, OpenRoad Foundation, which has been a long-time dream of CEO Christian Chia, who is also the OpenRoad Foundation’s founding board of director. The foundation is designed to support the development of ... [Read More]
Dealers reap benefits of stable market, used demand and soaring MSRPs
Sarah Rubenoff, Correspondent
Canadian Black Book released its Used Vehicle Retention Index for June, which decreased 0.2% from May and declined 1.76% year-over-year to sit at 158.5 points. “The Canadian wholesale market continues to be relatively stable this year without the wild swings ... [Read More]
PODCAST: Sergey Barandich of Redline Auto Sales
Auto Remarketing Canada Staff
In this edition of the Auto Remarketing Podcast, we conclude our series of episodes from the Canada’s Used Car Week Podcast Stage with a conversation between Cherokee Media Group senior editor Joe Overby and Redline Auto Sales general manager Sergey ... [Read More]
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