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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

Cion Digital now providing cryptocurrency services to Canadian dealers

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Auto Remarketing Canada Staff
Cion Digital has expanded into Canada, giving Canadian dealers the ability to accept cryptocurrency in car sales. Car buyers in Canada will be able to utilize cryptocurrency for payments and financing Among the first dealers in Canada to provide this ... [Read More]

AutoCanada announces acquisitions, record revenue

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Auto Remarketing Canada Staff
In addition to reporting quarterly results this week, AutoCanada also announced the acquisition of two dealerships that expand its Ontario presence and adds the Porsche brand to its franchise portfolio. The retailer said Monday it has purchased Porsche of London ... [Read More]

Canada Drives expands to Saskatchewan

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Auto Remarketing Canada Staff
Canada Drives has added a new province to its footprint: Saskatchewan. With this expansion, the online platform — which allows consumers to buy, sell and trade in vehicles — is now available in four provinces: Saskatchewan, Alberta, British Columbia and Ontario. “We’ve ... [Read More]

Lithia expands presence in Canada with Honda store purchase

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Auto Remarketing Canada Staff
U.S.-based auto retailer Lithia & Driveway, which expanded into Canada last year with the purchase of Toronto’s Pfaff Automotive Partners, has increased its Canadian footprint with a purchase announced Tuesday. In the first addition to its Canadian portfolio since buying ... [Read More]

4 straight weeks of falling wholesale car prices in Canada

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Auto Remarketing Canada Staff
After dipping 0.23% last week, Canadian wholesale vehicle prices have now made four consecutive declines. That’s according to the latest weekly report from Canadian Black Book, which said car segments were off 0.10% last week and truck/SUV prices fell 0.36%. ... [Read More]

Untether, GM partner to develop AI perception systems for autonomous vehicles

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Auto Remarketing Staff
Untether AI, which describes itself as “the leader in at-memory computation for artificial intelligence inference acceleration,” has teamed up with General Motors to develop AI perception systems for autonomous vehicles. Emphasizing that perception systems are integral to autonomous vehicles, Untether ... [Read More]

CBB launches ‘Best Residual Value Awards’

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Auto Remarketing Canada Staff
Canadian Black Book has debuted a new awards program. In addition to its existing “Best Retained Value Awards” for automakers, CBB is launching the “Best Residual Value Awards.” The latter spotlights vehicles expected to hold the greatest value of MSRP ... [Read More]

KAR names new TradeRev president

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Auto Remarketing Canada Staff
TradeRev has a new president, parent company KAR Global said Tuesday. Taking on the role is co-founder James Tani, who will also remain in his position as executive vice president of KAR’s Canadian dealer sales team. Tani succeeds TradeRev co-founder ... [Read More]

2022 Women & Automotive Profiles in Leadership honorees

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Auto Remarketing Canada Staff
Since launching the Women & Automotive: Canadian Leadership Forum in 2016, Cherokee Media Group has honored and recognized a group of Canada’s leading women in automotive each year through its Women & Automotive: Profiles in Leadership program. And we're excited ... [Read More]

CPO penetration rate hits record high at Mercedes-Benz Canada

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Joe Overby, Senior Editor
Certified pre-owned vehicle sales at Mercedes-Benz Canada reached their highest-ever quarterly share of the company’s overall used-car sales, the automaker said Thursday. The company’s pre-owned division moved 3,492 used cars in the first quarter, a 9.2% year-over-year decrease. Mercedes said ... [Read More]

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