Vancouver auto exports grow by over 30% in 2023
Monday, Mar. 25, 2024, 10:01 PM
Auto Remarketing Canada Staff
Cargo volumes, including automotive, flowing through the Port of Vancouver increased over the course of this past year. Volumes overall were up by 6% year-over-year in 2023. For automotive specifically, volume was up by a whopping 36% last year, as ... [Read More]
New online sales platform to tackle fraud in private-party vehicle sales
Monday, Mar. 25, 2024, 09:56 PM
Auto Remarketing Canada Staff
Private-party transactions can be a sticking point for consumers, as fraud is often a concern. A new Canadian transactional platform — EEZE — aims to address this concern. The new platform, serving the Ontario and Quebec markets, offers services to ... [Read More]
Hyundai Canada partners with pro hockey league, makes 2024 Best Workplaces for Women list
Tuesday, Mar. 19, 2024, 12:42 PM
Auto Remarketing Canada Staff
Hyundai Auto Canada recently announced a partnership with the Professional Women’s Hockey League (PWHL), after recently being named one of the 2024 Best Workplaces for Women by Great Places to Work. The multi-year Canadian partnership with the league includes naming ... [Read More]
AutoCanada finished fiscal year with revenue up, used-car sales down
Thursday, Mar. 14, 2024, 10:52 AM
Sarah Rubenoff, Correspondent
AutoCanada wrapped up its fiscal fourth quarter with stronger new-car sales pushing total year-over-year revenue up by 6.9%. But while demand for new cars and parts, service and collision repairs was high, the dealer group experienced softer used-vehicle sales, especially in the U.S.
Chief financial officer Azim Lalani said during the call to discuss fiscal full-year and Q4 results that Canadian same-store used retail vehicle units sold decreased by ... [Read More]
4 truck segments see wholesale prices rise
Thursday, Mar. 14, 2024, 10:35 AM
Auto Remarketing Canada Staff
Wholesale vehicle prices continued a slow decline last week with a 0.31% drop, right after finishing February with prices down by 9.0% year-over-year, according to the latest weekly report from Canadian Black Book. The car segments saw bigger price drops ... [Read More]
New TD Auto Finance executive to focus on expansion in OEM sector in new sales, strategy position
Tuesday, Mar. 12, 2024, 12:15 PM
Sarah Rubenoff, Correspondent
TD Bank’s TD Auto Finance arm recently named Christopher Nabeta the director of OEM sales and strategy for Canada.
Nabeta has been in the position since February, after spending the better part of 2023 focusing on ... [Read More]
Wholesale vehicle prices drop by over half-percent last week
Thursday, Mar. 7, 2024, 11:52 AM
Auto Remarketing Canada Staff
Wholesale vehicle price depreciation picked up a bit last week in Canada, falling by an average just over a half-percent. Canadian Black Book found that used-vehicle prices declined by an average of 0.55%. Car depreciation was once again higher, dropping ... [Read More]