AMVIC announces new CEO

Auto Remarketing Canada Staff

The Alberta Motor Vehicle Industry Council board of directors announced Wednesday that Malcolm Knox has been named as the organization’s chief executive officer, effective Jan. 29.   AMVIC said Knox is both a highly organized strategic thinker and analytical problem solver with experience in the... Read More

iA Financial Group closes DAC purchase

Auto Remarketing Staff

 iA Financial Group has wrapped up its purchase of Dealers Assurance Company and Southwest Reinsure Inc., a company collectively known as DAC. The deal to purchase the privately owned vehicle service contract company was first announced on Sept. 21. DAC builds and distributes extended warranties thorough a U.S.... Read More

Otolane partners with Autonum Capital and KM Plus

Auto Remarketing Canada Staff

Along with a relationship with Autonum Capital, Otolane announced that it has partnered with KM Plus to provide additional protection for buyers and sellers online with the release of TotalCare, a new 30-day wholesale protection plan that will cover up to $1,000 in repairs for undisclosed issues. At a cost of $29,... Read More

Auto Remarketing Canada Staff

The Canadian Automobile Dealers Association (CADA) announced at the Montreal International Auto Show that it plans to launch a national recruiting campaign aimed at groups such as millennials, women, new Canadians and military veterans. Auto dealerships currently employ around 150,000 people nationwide, and that number... Read More

Auto Remarketing Canada Staff

Canadian dealers now have another way of verifying incentive levels and other financing data associated with a vehicle a potential buyer is considering. This week, Reynolds and Reynolds Canada and Motoinsight announced an agreement that will enable dealers that use the Reynolds ERA-IGNITE dealership management system... Read More

Auto Remarketing Canada Staff

Canadian wholesalers now have another financial tool available to help stores get the inventory they need. As part of its efforts to drive innovation in the remarketing industry, Otolane — a growing dealer-to-dealer digital marketplace — announced this week that it has signed a partnership agreement with... Read More

Auto Remarketing Canada Staff

At the close of 2017, Dealertrack Canada saw significant annual price gains for used vehicles in its network. The Average Cash Price of the Top 10 Funded Used Vehicles in its online credit application network rose by 5.23 percent compared to 2016, according to the company. Like in November, nine of the 10 top... Read More

Auto Remarketing Canada Staff

Mercedes-Benz Canada announced Wednesday that this year each of its 11 corporate stores will now report to the newly appointed vice president of corporate retail — Robert Muller. Previously, the company’s seven Toronto Retail Group (TRG) and four Vancouver Retail Group (VRG) locations were... Read More