Never before has certified pre-owned had this great a share of used sales at Mercedes-Benz Canada. The company said in a sales release it had overall pre-owned sales of 16,795 vehicles last year, which was up 9.8% year-over-year. And a ... [Read More]

While many were counting down from 10 on New Year’s Eve, the used-car industry in Canada was counting up. To 21, that is. The final week of 2021 marked the 21st consecutive time that wholesale vehicle prices increased in Canada, ... [Read More]

Just before 2021 closed, the Automotive Properties Real Estate Investment Trust said it had signed a $23.4 million deal with a dealership group to buy the Sherbrooke Honda and Magog Honda properties in Quebec. Additionally, the REIT exercised its Right ... [Read More]

E Automotive Inc., which is the company behind the EBlock digital wholesale marketplace and the EDealer digital retail products, has hired a former Waze and Google executive as its first chief marketing officer. Joining E Inc. as CMO is Emma ... [Read More]

Though the overall increase slowed, wholesale vehicle prices in Canada have now climbed for 18 consecutive weeks, according to Canadian Black Book. In the CBB Automotive Market Update released Tuesday the company said overall wholesale values were up 0.45% last ... [Read More]

Cox Automotive Canada has new leadership. On Monday, Cox Automotive announced that Ola Ajayi-Salako has been promoted to senior director, agile delivery, and will act as the site leader for Cox Automotive Canada, effective immediately. In this expanded role, the ... [Read More]

Mercedes-Benz Canada is divesting all of its corporate-owned dealerships in the Greater Toronto Area, the company said Tuesday. Taking on ownerships of the dealerships, which are collectively referred to as the Toronto Retail Group, are the AWIN Group of Dealerships ... [Read More]

Not only did Canadian Black Book’s Used Vehicle Retention Index reach another record high in November, the month-over-month and year-over-year increases in the index were all-time highs, as well. Specifically, the CBB index was at 152.6 points for November, which beat ... [Read More]

TRADE X, a Canada-based cross-border automotive trading platform, has lined up more debt financing. The company said Tuesday it has secured two additional asset-backed lines of credit, both of which are $25 million (USD) with accordion features to expand to ... [Read More]

AutoCanada has more than doubled its presence in Ontario with its latest acquisition. The Edmonton-based dealer group said Wednesday it has completed its purchase of 11 Autopoint Group dealerships in southwestern Ontario. AutoCanada now has 18 stores in the province. ... [Read More]