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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Kot Auto Group adds 1st CJDR store, expands on Vancouver Island

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Auto Remarketing Canada Staff
British Columbia-based Kot Auto Group has added its first Chrysler-Jeep-Dodge-Ram store, purchasing Woodgrove Chrysler. The store is Kot’s second on Vancouver Island, having purchased Victoria Hyundai in June 2019. “We are excited to expand with a dedicated domestic brand to ... [Read More]

Mercedes-Benz Canada names new CEO

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Auto Remarketing Canada Staff
Mercedes-Benz Canada will have a new president and chief executive officer on Oct. 1. Succeeding Eva Wiese will be Andreas Tetzloff, who has headed up Mercedes-Benz Russia since March. Wiese will become managing director of Mercedes-Bez Customer Solutions GmbH. “On ... [Read More]

AutoVerify purchases iDealerPlus software platform

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Auto Remarketing Canada Staff
AutoVerify announced Tuesday it has acquired iDealerPlus, a dealer-facing software platform that aims to match consumers to a specific vehicle in a dealer’s inventory based on their credit profile and the dealer’s profitability guidelines. “By integrating iDealerPlus into the AutoVerify ... [Read More]

AutoCanada acquires autobody center in Ontario

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Auto Remarketing Canada
AutoCanada said Monday it has purchased Markham, Ontario-based Velocity Autobody, which is a Tesla-certified, I-CAR Gold Class collision center. This is the seventh collision center AutoCanada has acquired since the fourth quarter of 2020, said executive chairman Paul Antony, who ... [Read More]

IAA adds CARFAX Canada history reports to non-branded, repairable cars in Canada

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Auto Remarketing Canada Staff
IAA said Monday that its non-branded repairable vehicles in Canada now include vehicle history reports from CARFAX Canada. Buyers will be able to see any available report, with no limits, and won’t have to pay for the report until they ... [Read More]

EBlock parent adjusts growth strategy

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Auto Remarketing Canada Staff
EBlock has pivoted its growth strategy. Instead of a U.S.-wide expansion plan with a year-end 2023 target date, the digital wholesale marketplace will concentrate on its existing markets of Canada, the U.S. West, Midwest and Gulf States, parent company E ... [Read More]

Holand Automotive Group acquires Circuit Mont-Tremblant

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Auto Remarketing Canada Staff
When Roger Penske, Rick Hendrick and the late Bruton Smith are mentioned, you might just quickly think of auto racing as fast as vehicle retailing. Holand Automotive Group president and chief executive officer Gad Bitton now is on a similar ... [Read More]

AutoCanada buys Ford store in western Manitoba

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Auto Remarketing Canada Staff
AutoCanada said Tuesday it has spread to western Manitoba, purchasing Kelleher Ford in Brandon. The store, which also includes a collision center, is western Manitoba’s largest Ford dealership. Current management will remain. “This high-quality operation is our second Ford dealership ... [Read More]

AFG Canada appoints new operations manager

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Auto Remarketing Canada Staff
Auto Financial Group Canada has named a new operations manager. Promoted to the role is Rachel Fern, who has been with the company for more than four years. Fern will work with all departments in AFG’s Canada operations and Houston ... [Read More]

Canadian used-car prices may be post-peak, but remain significantly elevated

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Auto Remarketing Canada Staff
After hitting a high in March, wholesale vehicle values in Canada have now fallen sequentially for three straight months, and the year-over-year growth — while still in double-digit percentages — has moderated. Still, used-car prices remain “extremely high,” as Canadian Black Book ... [Read More]

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