J.D. Power’s Mike Buckingham not only was part of the expert speaking faculty at Canada’s Used Car Week, but he also spent time at this year’s event in Toronto for the Auto Remarketing Podcast. Buckingham described some of the primary differences between the U.S. and Canadian finance markets as well as some ingredients that could […] [Read More]

Laura Davidson owns and operates Key Auto Approvals in Burlington, Ontario. A portion of Davidson’s customer base has been struggling financially, making reliable transportation even more important. One of Cherokee Media Group’s Women & Automotive: Profiles in Leadership honorees, Davidson made time for the Auto Remarketing Podcast after appearing on stage during Canada’s Used Car […] [Read More]

Normand Theberge serves as senior vice president and general manager of Cars Commerce Canada. During this episode of the Auto Remarketing Podcast recorded during Canada’s Used Car Week in Toronto, Theberge recapped the successful blending of D2C Media into the Car Commerce Canada portfolio, the future of Accu-Trade in Canada and more. Listen to the […] [Read More]

LGM Financial Services executive vice president of marketing Jeff Schulz acknowledged that more Canadians are seeking digital paths toward acquiring their next vehicle. During this episode of the Auto Remarketing Podcast recorded during Canada’s Used Car Week in Toronto, Schulz highlighted how the F&I industry is responding and what might be on the horizon in […] [Read More]

The respective Black Book and Cox Automotive used-vehicle value indices both reached their lowest levels since March 2021, but the erosion in wholesale prices could be on its way out, according to analysis accompanying one of the reports. Cox’s Manheim Used Vehicle Value Index came in at 196.1 last month, down 8.9% year-over-year and 0.6% […] [Read More]

Along with mentioning interesting movements among four specific vehicle segments, Black Book noticed the auction conversion rate increased again, even while some sales didn’t happen because of Fourth of July. Black Book reported on Tuesday that car prices dropped for the sixth consecutive week, and truck values declined for the seventh week in a row. […] [Read More]

Digital auto sales technology provider izmo Inc., has acquired Geronimo Web, a global provider of digital marketing programs for OEMs and dealerships, a deal izmo said establishes it as one of the largest providers of digital web platforms for automotive dealers across the U.S., Europe and South America. The combined company now serves more than […] [Read More]

Tech-enabled automotive service company Strolid has launched its first product. The Strolid Portal for auto dealers is designed to use actual customer conversations to provide operational insights throughout the entire dealership and reveal opportunities for improvement. Strolid said its new product, available to its sales and service BDC customers, allows dealers to listen to customers […] [Read More]

The theme of Cox Automotive’s 2024 midyear review is… wait for it … No, I mean, that’s the theme: Wait for it. Uncertainty is the name of the game right now in the automotive market, according to chief economist Jonathan Smoke and Cox’s team of analysts, as consumers wait for any number of things — including ... [Read More]

iA Financial Group has made a $10 million investment in Canadian online used-car retailer Clutch Technologies to integrate its insurance products into Clutch’s platform. Clutch, founded in 2017 and based in Toronto, sold more than 8,000 used vehicles through its online platform in 2023, making it one of Canada’s largest used-vehicles retailers, the companies said […] [Read More]