Axis to acquire Trend Financial

Auto Remarketing Canada Staff

Axis Auto Finance has signed a share purchase agreement to buy subprime finance company Trend Financial, the company announced late Tuesday afternoon. It’s a move that doubles the Axis portfolio — putting its net finance assets to roughly $110 million — and brings its “largest director... Read More

Auto Remarketing Canada Staff

Among 2018 model-year vehicles that have shown strong value in 26 segments, ALG recognized Audi and Subaru as top premium and mainstream brands, respectively, in its 10th annual Canadian Residual Value Awards (RVA). ALG presented winning automakers with their awards in advance of the Toronto Auto Show last month. The... Read More

Nick Zulovich, Staff Writer

TransUnion Canada director of research and industry analysis Matt Fabian used the words credit, consumer and correctly within the same thought to describe the overall picture painted by TransUnion’s latest Canada Industry Insights Report Fueled by younger Canadians and overall confidence in the nation’s... Read More

PODCAST: Jeremy Belanger of SAL Group

Auto Remarketing Canada Staff

In this episode, Joe previews the Auto Remarketing Canada Conference with Cherokee Media Group president Bill Zadeits. Plus, AR Canada correspondent Sarah Rubenoff chats with Jeremy Belanger of SAL Group, who will be among the speakers at the March 27-28 event in Toronto. Check out the conversations... Read More

Auto Remarketing Staff

Cox Automotive Canada said Wednesday it has partnered with The Great Northern Auction and is launching Manheim Moncton to provide more remarketing service to the Atlantic Canada region. The weekly Manheim Moncton sales begin March 21 and will be facilitated by TGNA, which is located in Moncton, New Brunswick. The... Read More

Axis Auto Finance sets new revenue record

Auto Remarketing Canada Staff

On Wednesday, publicly-traded subprime automotive finance company Axis Auto Finance shared results from the second quarter of its 2018 fiscal year; a span that ended on Dec. 31 and included a new record. The company highlighted its Q2 revenue shot up to a record $2.2 million, up 34 percent from $1.6 million a year... Read More

Copart Canada opens new Calgary location

Auto Remarketing Canada Staff

Copart announced Monday the opening of a new Copart Canada facility in Calgary. In December, Copart Canada held a grand opening ribbon cutting ceremony for its new Calgary location in conjunction with its first client advisory board meeting with insurance partners.  "Our new state-of-the-art facility... Read More

Kijiji Canada names new national head of auto sales

Auto Remarketing Canada Staff

Kijiji Canada recently announced that it has appointed Darryl Hilton to serve as the national head of automotive sales. Hilton brings 20 years of experience from both the supplier and retail sides of the automotive industry, and he has also specialized in the management of pre-owned programs, the company... Read More