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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
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

Another all-time high for CBB Used Vehicle Value Index

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Auto Remarketing Canada Staff
The compact car, compact crossover and mid-size car segments were at new all-time highs for retained value in September 2019, as the Canadian Black Book Used Vehicle Retention Index has again hit a new all-time record high in the month of ... [Read More]

Details of partnership involving Inovatec and Inverite

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Auto Remarketing Canada Staff
Inovatec Systems Corp., and Inverite Verification announced a strategic partnership this week. The provider of cloud-based software solutions for all financial institutions and the open-banking provider with coverage for more than 275 Canadian financial institutions said their relationship is meant ... [Read More]

Wholesale volumes up, but retention remains strong for pre-owned

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Sarah Rubenoff, Correspondent
As expected, wholesale volume has increased from 2018 to 2019 in Canada, due in part to growth in lease returns.  But interestingly, the increase isn’t yet putting downward pressure on used prices. According to RVI, the expectation coming into this ... [Read More]

5 highlights from Axis Auto Finance 2019 fiscal year report

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Auto Remarketing Canada Staff
This past Friday, Axis Auto Finance reported financial results for its 2019 fiscal year that ended June 30 and included the full 12 months of operations the acquired entities of Cars on Credit Financial (COCF) and Trend Financial Corp. As ... [Read More]

‘Cereal’ number: 2020 is target for CARFAX Canada move to former Kellogg’s factory

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Auto Remarketing Canada
CARFAX Canada employees could be treated to a spoonful of new amenities next summer when the company moves its head office to 100 Kellogg Lane, a former cereal factory for Kellogg’s Canada. The facility, which CARFAX Canada called a landmark ... [Read More]

Porsche Center Richmond to embody ‘essence of Porsche brand’

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Auto Remarketing Canada staff
Christian Chia says the current time is an “exciting new era” for Porsche in British Columbia. Chia is chief executive officer of OpenRoad Auto Group, and he said in a news release that the news of OpenRoad and Dilawri Group ... [Read More]

Quebec, British Columbia & Alberta headline Scotiabank’s Q4 Provincial Economic Outlook

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Auto Remarketing Canada Staff
After wrapping up the Thanksgiving holiday, Scotiabank Economics released its Q4 Provincial Economic Outlook this week. Along with sharing four overall trends and a deeper look at each of the 10 provinces, analysts arrived at the conclusion that Quebec will ... [Read More]

24-acre expansion for Copart’s Montreal location

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Auto Remarketing Canada staff
A 24-acre expansion to Copart’s Montreal site in Quebec will allow the location to grow its vehicle inventory and offer more choices to members, said Copart Canada managing director Steve Macaluso. “We are excited to grow our capacity in Canada ... [Read More]

Steady as she goes for Canadian used-vehicle prices

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Auto Remarketing Canada Staff
The used-vehicle price trend for the Canadian market in September? They are maintaining their increased price levels set earlier in the year, according to the autoTRADER.ca Price Index. September showed a 10.6% year-over-year increase, but compared to August showed a 1.6% month-over-month increase. ... [Read More]

Power Spotlight: KBB Canada gives update after several months in new market

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Sarah Rubenoff , Correspondent
Kelley Blue Book has been busy lately. There was its official launch in Canada in April, as well as the arrival of KBB’s MarketLens and Pricing Service Industry Solutions to the country in August, as well. As the company looks ... [Read More]

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