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]

Since launching the Women & Automotive: Canadian Leadership Forum in 2016, Cherokee Media Group has honored and recognized a group of Canada’s auto industry leaders each year through its Women & Automotive: Profiles in Leadership program, which is sponsored by ... [Read More]

E Automotive Inc., which is the parent company of EBlock and EDealer, said Monday it is voluntarily delisting from the Toronto Stock Exchange. The move has been approved by E Inc.’s board of directors and shareholders and the Toronto Stock ... [Read More]

Kiwiz, a Montreal-based company that provides pre-purchase, third-party inspections on behalf of consumers, said this week it has expanded into additional Canadian markets. The mobile car inspection service launched in Quebec in January 2022 and is now available in Ontario, ... [Read More]

Reynolds and Reynolds has acquired Canadian software company DealerCorp Solutions, which focuses on developing cloud applications for the Canadian car business. This is the second purchase of the year for Reynolds, which in late January announced the acquisition of American ... [Read More]