Used-vehicle financing reflects the state of the stretched consumer
Andrew Lemoine expects to see increased digitization as a trend in auto finance, as consumers are “demanding a lot more seamless online buying experiences.”
Consumers want that seamless experience in the overall vehicle purchase transaction, and Lemoine, who is founder and CEO of autocorp.ai, said that includes the financing portion. Autocorp.ai provides tools to allow dealerships to sell cars and engage with consumers online.
“When it comes to things like pre-approvals and taking the finance deal further in a digital format, I think we can expect to see ...
November 05, 2026
Typically, the early innings of the fourth quarter show modest sequential increases in used-vehicle value depreciation in Canada. And in the latest wholesale car market data, “we’re noticing exactly that,” says Daniel Ross, director of strategic market insights at Canadian Black. On Wednesday, CBB released its latest monthly Used Vehicle Retention Index, which came in […]
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November 03, 2026
EBlock has launched LiveLanes in Quebec, meaning all vehicles sold in the physical lanes at the EBlock Montreal auction location will also be available through a unified digital marketplace. EBlock Montreal had been selling inventory separately through a third-party simulcast system. That system is being replaced by LiveLanes, starting Tuesday. Vehicles at EBlock Montreal will […]
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October 29, 2026
Waymo is making its Canadian debut and Element Fleet Management Corp. will provide end-to-end fleet management and intelligent mobility solutions for the autonomous driving technology company Toronto’s launch, which is expected to happen in 2028. This is part of a multi-year partnership between Waymo and Element that started earlier this year, when Element started supporting […]
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