AutoCanada recently announced that it has entered into an agreement to acquire 90 percent of the issued and outstanding shares of the Planete Mazda dealership, which has operated for nearly 30 years in the greater Montreal region on the north shore in Mirabel. The new purchase will be the first Mazda dealership for AutoCanada, and […] [Read More]

Jason McClenahan, chief operating officer at eBlock, has been in the auction industry his entire career. In fact, it’s the only job he’s ever had, the new COO of this growing digital auto auction company told Auto Remarketing Canada. McClenahan began his career with ADESA Vancouver when he was just 17. After spending 12 years […] [Read More]

Hyundai Auto Canada’s new certified pre-owned program, known as H Promise, was launched last year and is designed to be a product that adapts to its market environment. Joel Gregory, national sales manager for CPO and remarketing at Hyundai Auto Canada Corp., told Auto Remarketing Canada that Hyundai’s previous CPO program was “appropriate for its […] [Read More]

Hurricanes Harvey and Irma took a chunk out of auction volumes for late-model vehicles. According to the latest Guidelines report from J.D. Power Valuation Services, late-model auction volume was down 18.1 percent month-over-month in September. It dropped 9.3 percent year-over-year. More specifically, auction volume for this age group (vehicles 3 years old or less) was […] [Read More]

Following the company purchasing the remaining interest in TradeRev, KAR Auction Services ironed out a few leadership updates on Wednesday. Becca Polak, who had been KAR’s executive vice president, general counsel and corporate secretary the past decade, is now the president of TradeRev. She also earned a promotion to the role of chief legal officer […] [Read More]

Triggered in part by online vehicle retail sales activity gaining steady momentum, Assurant made a $2.5 billion acquisition of The Warranty Group, which works with more than 5,600 dealerships selling F&I products such as vehicle service contracts and GAP insurance. Assurant highlighted in a news release announcing the move on Wednesday that The Warranty Group’s […] [Read More]

With a stronger than normal performance pushing September price readings, the analyst team at J.D. Power Valuation Services is projecting that October’s wholesale movements will be less than half of what was recorded during the same month a year ago. According to their latest issue of Guidelines, analysts expect that wholesale prices of vehicles up […] [Read More]

T3 Consulting Group announced Wednesday it has brought aboard former Dominion Dealer Solutions vice president George Nenni to join the company’s roster of  advisors. Nenni brings more than three decades of automotive technology expertise. In 1993, Nenni began his career with Dealer Specialties, where he oversaw overall automotive operations and remained with the company after […] [Read More]

Acura has introduced a revamped certified pre-owned vehicle website, AcuraCertified.com. The new completely redesigned site built to simplify the online CPO vehicle shopping process allows shoppers to compare vehicles and easily share their selections online, Acura announced Wednesday. "With the booming growth in Acura Certified Pre-Owned sales and tremendous increase in online and mobile vehicle shopping, we […] [Read More]

Search Optics announced Wednesday it has appointed Tabi Elbahou as senior vice president of global enterprise sales to oversee the company’s continued international expansion. For almost a decade, Elbahou most recently served as director of operations for AutoAnything.com, a subsidiary of AutoZone, where he led all aspects of online sales and directed customer service across the […] [Read More]