Axis Auto Finance said Tuesday it has landed a $15 million strategic investment from NowLake Technology, which is projected to own roughly 23% of the issued and outstanding common shares in the fintech lender specializing in the alternative auto finance ... [Read More]

TradeRev, which is KAR Global’s dealer-to-dealer online wholesale platform for the Canadian market, has launched a Retail Vehicle Details Page that it says can help dealers figure out consumer interest in a vehicle before they buy it wholesale. Through this ... [Read More]

E Automotive Inc., which is the company behind the EBlock digital wholesale marketplace and the EDealer digital retail products, has filed and obtained a receipt for a preliminary base PREP prospectus for a proposed initial public offering in Canada. The ... [Read More]

It was still practically the heart of summer the last time used-car prices didn’t rise in Canada. Pushed by softening inventory levels, wholesale vehicle prices in Canada have now climbed nine straight weeks, according to Canadian Black Book. Calling the ... [Read More]

Just like customers test-drive numerous cars before finding the best deal for the perfect make, model, features, and color, automotive dealers need to be discerning about their technology partners. The loan origination process is a perfect example. Typically mired by ... [Read More]

As we turn the page on another quarter of 2021, here’s a rundown of how the certified pre-owned vehicle market is faring in Canada, based on sales reports shared by automakers. Starting with Mercedes-Benz Canada, the company said that within ... [Read More]

Canada Drives has added f Alberta to its online car shopping delivery service network, following launches in Ontario and British Columbia. This translates to Canada Drives' inventory of over 1,200 vehicles being available to 24 million Canadians.  Now, Albertan car shoppers can can ... [Read More]

AutoCanada, who currently operates 66 franchised dealerships covering 27 brands, just purchased a new collision center located in Airdrie, Alberta.  The dealer group announced the acquisition of Airdrie Autobody, which has been serving the Airdrie community for over 25 years, and is ... [Read More]

Policaro Automotive is continuing its quest to "redefine the automotive retail experience," this time through premium service offerings and new franchises for its customers to shop.  In July, the dealer group broke ground on a new Porsche store in Kitchener-Waterloo. The ... [Read More]

Cox Automotive confirmed in a statement Tuesday that it is moving its Canadian reporting structure into its U.S. operations as part of plans to “simplify its structure for local and global customers.” Maria Soklis, who is president for Cox Automotive Canada ... [Read More]