A lower Canadian dollar has been bad for some industries, and boosted others. One division of the Canadian automotive industry that has grown substantially over the past year is used-vehicle exports to the U.S. In fact, according to DesRosiers Automotive Consultants, the number of used vehicles exported to the U.S. from Canada through November of […] [Read More]

On Wednesday, the same day ADESA’s agreement to purchase its eight auctions was announced, Brasher’s posted a statement to its website that explained the decision to sell its locations. Additionally, Brasher's provided some detail on the impacts going forward. The company made the decision to sell its eight auctions “after much serious consideration and evaluation of […] [Read More]

Transport Canada’s Minister of Transport, Marc Garneau, has recently ordered Nissan Canada to immediately inform its vehicle owners of a previously recalled safety issue, marking the first time the ministerial power known as a Subsequent Notice Order has ever been invoked. The issue involves owners of 2005 and 2006 Nissan X-Trail vehicles, which have a […] [Read More]

Rapidly falling oil prices — and the consequent weakening of the Canadian dollar — contributed to a near 10-percent increase in auto loan delinquencies over the course of 2015. That’s according to TransUnion’s latest MarketTrends report, which showed auto-loan delinquencies increased to 1.32 percent in the fourth quarter of last year, which is also the […] [Read More]

After news broke Wednesday that ADESA had signed a definitive agreement to purchase all eight Brasher’s auctions, Auto Remarketing spoke with Pierre Pons, the chief executive officer of ServNet. The Brasher’s family was among the founding members of ServNet, a network of independently owned auctions. ADESA parent company KAR Auction Services said the purchase of the Brasher’s […] [Read More]

On-demand field inspection and verification services provider WeGoLook reported this week that the company wrapped up 2015 with a total revenue growth of 300 percent year-over-year. The company that can examine vehicles among other services also finished the year with a $2.75 million aggregate Series A funding round. This past year, WeGoLook added more than […] [Read More]

ADESA has signed a definitive agreement to purchase the Brasher family’s eight auto auctions. ADESA parent company KAR Auction Services, which announced the agreement Wednesday afternoon, said the purchase would be a $283 million (approximately) cash deal. The transaction must meet customary conditions, including the expiration or termination of the Hart-Scott-Rodino waiting period, before it closes. […] [Read More]

On Wednesday, PassTime introduced the company’s new corporate brand, logo and redesigned website. The GPS tracking solutions provider explained the rebranding effort is designed to reflect the evolution of the company as well as its direction for the future.  The new website features a complete design update and streamlined layout, featuring new product logos and […] [Read More]

The Sparkling City Auto Auctions have announced that both of its auction locations will be renamed on Monday.  They are currently the Sparkling City Auto Auction of Corpus Christi and the Sparkling City Auto Auction of San Antonio, respectively. They will be renamed to the Corpus Christi Auto Auction and the San Antonio Auto Auction. “When we purchased the auction […] [Read More]

GPS tracking solutions provider Skypatrol rolled out what it dubbed Remote Auto Payment for vehicle finance companies and buy-here, pay-here dealers through the Skypatrol mobile app. The company highlighted borrowers will now be able to pay on their vehicle installment contracts remotely using either online banking or with cash at local authorized retail stores.  Skypatrol […] [Read More]