AutoCanada Inc. reported a successful Q3 last week, seeing a large profit increase and rises in used-car sales. The dealership group announced a profit increase of 61.1 percent. And revenue increased by a whopping 35.1 percent or $104.9 million to $403.5 million. Commenting on the financial results for the three... Read More

CarProof Vehicle History Reports announced this week it has made a hire in a brand new position: director of financial planning and analysis. Chosen for the role is Alison Doyle, who will be responsible for analyzing company and market data to create "actionable insights," the company said. Doyle will also... Read More

The ADESA Canada Used Vehicle Price Index powered by ALG Canada has been updated through October, and it shows wholesale prices have recently seen one of the biggest drops this year. With all segments experiencing negative price movement, the index shows that wholesale prices fell on average by 0.5 percent... Read More

The results of Scotiabank’s Global Auto Report that were released today show auto industry profit margins have spiked to 10-year highs, reaching above pre-recession levels, with the highest profitability showing up in North America. The report indicates that the five largest manufacturers are achieving net income... Read More

Canadian certifed pre-owned results began rolling in as the selling month came to an end this past weekend. Once again, the European automakers are showing impressive results, with Audi Canada seeing a 19-percent increase from November 2012. Elankum Vairavanathan, manager, incentives planning and certified pre-owned... Read More

Copart Acquires 5th Canadian Operation

Online salvage vehicle auction company Copart broadened its presence in Canada this week by acquiring a privately held operation. Augmenting its two sites apiece in Alberta and Ontario, Copart acquired Berpa Auto Auction, which is located in Montreal, Quebec. “This is an important acquisition for Copart,”... Read More

As Prime Minister Stephen Harper announced the Canadian government had reached a free trade agreement with the European Union late last week, many of Canada’s OEMs and manufacturers were already reacting positively to the move.  The government has said that, upon ratification, the Comprehensive Economic and... Read More

Some dealers, auctions and other businesses are still playing catch up when it comes to digital marketing, but the early adopters are now reaping the rewards of being ahead of the game. Doug MacIver Jr., is inventory and Internet manager at RideTime, a Winnipeg, Manitoba, dealership. He says that as an early adopter of... Read More