Tuesday, September 23, 2014 - 1:38pm

Sarah Rubenoff, Auto Remarketing Canada Editor

The Canadian Vehicle Manufacturers' Association (CVMA) as well as the Global Automakers of Canada praised the Canadian government’s latest move to reduce vehicle greenhouse gases and smog causing emissions. The Environment Minister Leona Aglukkaq announced Monday expected amendments to Canada's greenhouse... Read More

Friday, September 19, 2014 - 2:20pm

Sarah Rubenoff, Auto Remarketing Canada Editor

Announced this afternoon another player is entering the online dealer-to-dealer auction ring. Software company XLane Holdings Inc. revealed today its new product InstantAuction. Company management says the new tool “puts the dealers in control” and offers a new level of transparency in the online buying... Read More

Friday, September 19, 2014 - 10:14am

Auto Remarketing Canada Staff

RouteOne Canada Corp. announced its integration today with CTL Corp. — a specialty finance company serving customers looking for non-traditional credit options. The companies say this move will help dealer clients in servicing more subprime customers and provides another options to sell to consumers with... Read More

Thursday, September 18, 2014 - 4:38pm

Sarah Rubenoff, Auto Remarketing Canada Editor

TRADER Exchange — the company’s new dealer-to-dealer online auction tool — is scheduled to roll out to Ontario dealers by the end of 2014 with a national launch in 2015, and the company is already ramping up the offering to make sure both buyers and sellers are comfortable doing... Read More

Thursday, September 18, 2014 - 11:24am

Josh Hyatt, Staff Writer

Ontario dealers should, by now, be quite aware of the all-in pricing regulations enforced by the Ontario Motor Vehicle Industry Council. If not, you’ll want to be, because OMVIC is cracking down on violators of its consumer protection regulations. Just this week, OMVIC announced a fine for Platinum Cars Inc. for... Read More

Wednesday, September 17, 2014 - 12:04pm

Auto Remarketing Canada Staff

Shortly after announcing it will branch off from ADP, rebranding as CDK Global as of Oct. 1, the company formerly known as ADP Dealer Services reported it will offer a new, co-branded financing program for U.S. and Canada-based dealers. The new offering is in partnership with GE Capital’s Equipment Finance... Read More

Tuesday, September 16, 2014 - 9:26am

Auto Remarketing Canada Staff

After its chairman passed away unexpectedly last week, Banco Santander announced this morning it has entered into an agreement to acquire Carfinco Financial Group Inc. for $298 million (CDN) in cash in a deal expected to close in the fourth quarter of this year. Per the agreement terms, each Carfinco shareholder... Read More

Monday, September 15, 2014 - 12:20pm

Auto Remarketing Canada Staff

After falling close to 1 percent in July, the ADESA Canada Used Vehicle Price Index was on the way down once again last month. After being adjusted for seasonality, the index fell by 0.7 percent from July rates. The index, powered by ALG, showed that all vehicle segments saw prices drop last month, except for the... Read More