The results of Scotiabank’s Global Auto Report that were released today show auto industry profit margins have spiked to 10-year highs, reaching above pre-recession levels, with the highest profitability showing up in North America. The report indicates that the five largest manufacturers are achieving net income levels of more than $50 billion. Commenting on the […] [Read More]

Canadian certifed pre-owned results began rolling in as the selling month came to an end this past weekend. Once again, the European automakers are showing impressive results, with Audi Canada seeing a 19-percent increase from November 2012. Elankum Vairavanathan, manager, incentives planning and certified pre-owned sales Audi Canada, told Auto Remarketing Canada the brand sold […] [Read More]

Online salvage vehicle auction company Copart broadened its presence in Canada this week by acquiring a privately held operation. Augmenting its two sites apiece in Alberta and Ontario, Copart acquired Berpa Auto Auction, which is located in Montreal, Quebec. “This is an important acquisition for Copart,” chief executive officer Jayson Adair said. “It provides us […] [Read More]

As Prime Minister Stephen Harper announced the Canadian government had reached a free trade agreement with the European Union late last week, many of Canada’s OEMs and manufacturers were already reacting positively to the move.  The government has said that, upon ratification, the Comprehensive Economic and Trade Agreement will work to ramp up trade and […] [Read More]

Some dealers, auctions and other businesses are still playing catch up when it comes to digital marketing, but the early adopters are now reaping the rewards of being ahead of the game. Doug MacIver Jr., is inventory and Internet manager at RideTime, a Winnipeg, Manitoba, dealership. He says that as an early adopter of digital […] [Read More]

Amin Tejani, vice president of dealership operations at Weins Canada and Auto Remarketing Canada’s 2013 Dealer of the Year, cites Weins Canada’s rich history and heritage as a significant factor behind the success of the organization.   Weins Canada, formerly known as the  Don Valley North Automotive Group, was founded in October of 1973 with […] [Read More]

After taking an over 2 percent dip in October, Black Book reports that last month’s wholesale values “rebounded” a bit. Used vehicles from the 2008 through 2012 model years depreciated 1.7 percent in November, according to Black Book data. Holding the strongest retention levels this past month once again were the truck segments. The compact […] [Read More]

Following a report from the Federal Reserve indicating a rather mixed bag of results from its regions where contacts shared used-car sales numbers, Auto Remarketing reached out to Cross-Sell Reports — a division of Dominion Dealer Solutions — for additional insight into how the used-car market has fared in various states throughout the U.S. Contained […] [Read More]

Group 1 Automotive this week announced its acquisition of Jay Automotive Group Inc. in Columbus, Ga. The move includes franchises Jay Toyota Scion; Jay Buick GMC; Jay Subaru of Columbus; Jay Mazda; and Volvo of Columbus.  The dealerships, which will operate as Rivertown Toyota; Rivertown Scion; Rivertown Buick GMC; Rivertown Subaru; Rivertown Mazda; and Volvo […] [Read More]

After General Motors made the announcement this morning that Mary Barra will become its new chief executive officer in January, social media and the auto business was abuzz with the news. Barra, who will become the first woman ever to head up GM or any other major U.S. automaker, reports say, was one of the […] [Read More]