Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
Hyundai Canada posts best-ever year for CPO
Joe Overby, Senior Editor
Even amid a pandemic, at least one automaker was at a record high for certified pre-owned in 2020. That would be Hyundai, which had its strongest year ever for CPO sales, said Charles Plewes who is manager of CPO and marketing national ... [Read More]
OpenRoad Walkathon generates nearly $47K for food banks
Auto Remarketing Canada Staff
OpenRoad Auto Group raised close to $47,000 for local food banks in British Columbia and Ontario — literally one step at a time. The company’s dealership staff and corporate employees generated those funds through their inaugural OpenRoad Walkathon. Hundreds of ... [Read More]
DRIVING INSIGHTS: How to defeat the No. 1 pain point of Canadian used-car buyers
Drew Harden, CARFAX Canada
After surveying thousands of Canadians, we found that the biggest pain points customers have when buying used cars is that they don’t know if the vehicle is in good shape. Purchasing a car is one of the biggest decisions in ... [Read More]
F-150 is top-searched vehicle in Canada
Auto Remarketing Canada Staff
Canadian automotive marketplace autoTRADER.ca says the global pandemic has not caused a slowdown in searches for luxury vehicles in Canada. According to 2020 data from autoTRADER.ca, the company's annual top searched vehicles list noted what it described as “favourites from ... [Read More]
Mazda CPO vehicles equipped with satellite radio now come with 3 months of SiriusXM
Auto Remarketing Canada Staff
It now literally can be music to the ears of Mazda dealers who retail certified pre-owned vehicles equipped with satellite radio. On Monday, SiriusXM Canada announced today a multi-year agreement with Mazda Canada to extend the ongoing relationship between the ... [Read More]
Update on Canadian certified sales
Joe Overby, Senior Editor
Here’s a rundown of how certified pre-owned sales have fared in Canada, based on automakers sharing results with Auto Remarketing Canada. Subaru Canada moved 480 certified units in November, compared to 362 a year ago. That put the year-to-date tally ... [Read More]
AutoVerify opens digital merchandising product launch with SiriusXM partnership
Auto Remarketing Canada Staff
AutoVerify is looking to assist dealerships that have vehicles in inventory already equipped with satellite radio make those units more appealing to potential buyers. This week, the marketing firm powered by Mobials launched AutoVerify Spotlight, a new product aimed to ... [Read More]
Vehicle finalists for autoTRADER.ca awards stand out for innovation, comfort
Auto Remarketing Canada Staff
autoTRADER.ca announced the finalists for its 2021 autoTRADER.ca Awards, stating that the finalists are models the jury would recommend to Canadians “without a doubt.” The awards recognize vehicles for their value, innovation, performance, comfort, technology and ultimate desirability. The awards ... [Read More]
Cox Automotive Canada works toward inclusivity, fights racism
Auto Remarketing Canada Staff
Stating that it has made recent efforts to fight systemic racism and promote diversity through inclusion and equal opportunity for everyone, Cox Automotive has established its newest employee resource group called the Black Employee Network. That program is for any ... [Read More]
AutoCanada’s used-car program acquires Ontario independent dealership
Auto Remarketing Canada Staff
AutoCanada's recently formed Used Digital Retail Division has purchased Ontario independent used-car dealership Haldimand Motors, the retailer said Tuesday. The purchase is part of the company's previoulsy announced Used Digital Retail Initiative and will become part of AutoCanada's new ... [Read More]
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