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
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here
Canada Drives signs Grey Cup sponsorship deal with CFL
Auto Remarketing Canada Staff
Canada Drives has lined up a deal to be the official Used Car Retailer & Auto Finance partner of the Canadian Football League, according to a release from the CFL. The partnership is a multi-year deal and will include various ... [Read More]
Clutch secures $100M in Series B funding
Auto Remarketing Canada Staff
Online auto retail platform Clutch has raised $100 million (CAD) in Series B equity financing led by D1 Capital Partners. Also participating in the round announced last week were Flight Deck Capital, Canaan Partners, Upper90, Real Ventures, GFC, Brand Project and ... [Read More]
EBlock, EDealer parent closes IPO
Auto Remarketing Canada Staff
E Automotive Inc., which is the company behind the EBlock digital wholesale marketplace and the EDealer digital retail products, said Wednesday it has closed its initial public offering. The offering of 5.9 million common shares priced at $23.00 (CAD) per ... [Read More]
Kijiji Autos, Cox Automotive Canada launch digital retail marketplace
Auto Remarketing Canada Staff
Kijiji Autos has teamed up with Cox Automotive Canada to launch a digital retail marketplace, the companies announced Monday. Through the Kijiji Autos solution enabled by Cox Automotive and utilizing its Dealertrack and Kelley Blue Book capabilities, consumers can pick ... [Read More]
E Inc. goes public in Canada
Auto Remarketing Canada Staff
E Automotive Inc., which is the company behind the EBlock digital wholesale marketplace and the EDealer digital retail products, is officially a publicly traded company in Canada. Common shares of the company began trading on the Toronto Stock Exchange ... [Read More]
AiM to provide inspections for North American transactions on TRADE X cross-border platform
Auto Remarketing Canada Staff
TRADE X, a Canada-based cross-border automotive trading platform, said Tuesday it has teamed up with Alliance Inspection Management for used-car inspections in North America. Under the partnership, AiM will be the inspection provider for all TRADE X transactions in the ... [Read More]
11 straight weeks of rising wholesale vehicle prices in Canada
Auto Remarketing Canada Staff
Like the 1970s Canadiens or 1980s Islanders, the wholesale vehicle market in Canada is on a streak. Wholesale prices have now climbed 11 straight weeks, according to Canadian Black Book, which said in a market update that values were up ... [Read More]
Newfoundland and Labrador Credit Union finalizes agreement with AFG Canada
Auto Remarketing Canada Staff
More financing options now are available for dealerships and their customers in Canada’s rural provinces. Last week, AFG Canada announced that Newfoundland and Labrador Credit Union (NLCU), a financial institution based in Newfoundland, has signed on to AFG Canada’s Leasing ... [Read More]
DRIVING INSIGHTS: Is it time to change how your team handles sales & finance?
Drew Harden, CARFAX Canada
Today, the typical vehicle buying process means that customers may spend hours building a relationship with a salesperson, only to be handed over to a business manager once they’ve finally worked out a deal. Plus, we know the wait time ... [Read More]
NowLake expected to take 23% stake in Axis after $15M investment
Auto Remarketing Canada Staff
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]
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