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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here

Most pressing trends in Canadian auto finance market for 2023

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Sarah Rubenoff, Correspondent
In the auto finance world, things are surely changing rapidly. Prices for new- and used-car inventory were finally coming down a bit in late 2022, perhaps bringing more buyers into buy or “just look” during the holiday season.  Axis Auto ... [Read More]

Dealer groups: AutoCanada amends credit facility; Lithia adds to Canadian footprint

Florida & Texas choose new dealer association leaders
Auto Remarketing Canada Staff
This dealer group roundup includes news from two retailers with footprints in both the U.S. and Canada. Starting with Edmonton-based AutoCanada, the company said Monday it has amended its credit facility, which has also been extended to April 15, 2026. ... [Read More]

Go Auto buys 1st US stores, acquiring Mercedes & Toyota dealerships in Washington state

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Auto Remarketing Canada Staff
Another Canadian dealer group is making moves in the United States. Canada’s Go Auto, a family-owned dealer group based in Edmonton, has made its first U.S. acquisition, announcing Wednesday it has purchased Washington state’s Mercedes-Benz of Bellingham and Toyota of Bellingham. ... [Read More]

Automotive Ventures adds Trader Canada executive as advisor

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Auto Remarketing Canada Staff
Automotive Ventures has added Trader Canada executive Paul Whitworth as an advisor, the company said Monday. Whitworth’s experience also includes helping to develop the Retail Solutions business unit at Cox Automotive as well as co-founding AutoPoint, working as an original ... [Read More]

Element Fleet Management announces CEO succession plan

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Auto Remarketing Canada Staff
Element Fleet Management president and CEO Jay Forbes will retire on May 10 when the company hosts its annual general meeting, and Laura Dottori-Attanasio will succeed him, Element said Monday. Dottori-Attanasio, who has been with the Canadian Imperial Bank of ... [Read More]

Canadian wholesale vehicle prices continue downturn to start 2023

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Auto Remarketing Canada Staff
Though not as significant as the prior week’s decline, wholesale vehicle prices in Canada continued their downturn in the second week of 2023. According to the latest Market Insights report from Canadian Black Book, wholesale prices fell 0.41% for the ... [Read More]

First year-over-year drop in Canadian used-car values in 29 months

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Auto Remarketing Canada Staff
29 months. That’s the last time there was a year-over-year decline in Canadian Black Book’s Used Vehicle Retention Index. That is, until last month. The index reading of 157.6 was off 0.7% from November and down 0.6% from December 2021, ... [Read More]

Sym-Tech completes acquisition of SSQ, expanding Quebec footprint

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Auto Remarketing Canada Staff
Sym-Tech Dealers Services announced Friday that it has completed its purchase of SSQ Dealer Services. The deal to acquire SSQ from Beneva Group was initially announced in November. SSQ provides vehicle protection products and services to dealers in Quebec, giving ... [Read More]

Wholesale vehicle prices in Canada continue downturn as 2022 closes

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Auto Remarketing Canada Staff
Wholesale vehicle prices in Canada finished 2022 with a steeper decline than what’s typical for the final week of the year, according to the Market Insights report released Tuesday by Canadian Black Book. Specifically, there was a 0.44% decline in ... [Read More]

CDK partners with Hyundai Canada on digital retailing, DMS

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Auto Remarketing Canada Staff
CDK Global announced last month that it was chosen to be the exclusive digital retailer partner for Hyundai Auto Canada and a preferred technology partner for DMS at the company’s 200-plus Canadian stores. Implementation of the partnership began in November. ... [Read More]

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