Most Canadians who purchase a vehicle need financing. A trio of industry executives described the current financing landscape during this year’s Canada’s Used Car Week. For this episode of the Auto Remarketing Podcast, we take you back to Toronto for a conference panel discussion focused on the state of auto finance in Canada. The panel […] [Read More]

The practice of markdowns has long been a cornerstone of retail strategy across various industries, and the auto sector is no exception. Historically, the manufacturer’s suggested retail price (MSRP) has been a constant part of a vehicle’s pricing, and an important element of the car-shopping process for consumers despite changing economic trends over the years. […] [Read More]

For the first time ever, an electric vehicle was the month’s best-selling vehicle at Manheim. Another first: two EVs cracked the auction’s list of five best-sellers in a month. That’s what happened in June, when the 2023 Tesla Model 3 ranked as the No. 1 seller for the auction company and the 2023 Chevrolet Bolt […] [Read More]

According to the Insurance Bureau of Canada, the cost of insurance claims for replacing stolen vehicles in Canada soared to a record-breaking $1.5 billion in 2023, the second consecutive year auto theft claims costs have surpassed $1 billion. And the National Insurance Crime Bureau (NICB) and the National Highway Traffic Safety Administration (NHTSA) said more […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from the Canada’s Used Car Week Podcast Stage is a conversation with Casey Harmon and Jody McComb of RunBuggy, which is a technology platform designed to improve the vehicle transport industry. Ahead of U.S.-based RunBuggy’s July 1 launch in Canada, Harmon and McComb  sat down […] [Read More]

The National Auto Auction Association’s arbitration policy and certification guidelines have gotten a few upgrades. NAAA’s Auction Standards Committee has issued updates to those documents. NAAA said the changes, which will take effect Aug. 5, were made to “add clarity, improve transparency and better reflect the evolving nature of the industry.” The association said the […] [Read More]

Alliant Credit Union, a national digital financial institution with more than 800,000 members and $20 billion in assets, revealed its chief information officer and head of business strategy on Monday. Taking on the position after serving in roles with KeyBank, USAA Bank, ING, Capital One and PNC Bank is Jamie Warder. The move was effective […] [Read More]

With more attention being paid to what it costs to obtain car insurance nowadays, Mercury Insurance compiled a list of the most affordable new sedans to insure. The California-based company, which has a network of more than 8,000 independent agents in 11 states, created the list with the goal of helping budget-conscious consumers find a […] [Read More]

Hudson Cook partner Eric Johnson made a clever quip on LinkedIn late last week. “So, Friday is typically a slow news day? Think again,” Johnson wrote in this post because the U.S. Court of Appeals for the Fifth Circuit closed the week by tentatively scheduling oral arguments in the legal challenge to the CARS Rule. […] [Read More]

Line\5 announced a new integration with MenuMetric last week in a move the service providers said can generate a seamless and efficient experience for both dealerships and their customers. This strategic partnership aims to enhance the efficiency of F&I product selection, presentation and sales tracking. “We are thrilled to partner with MenuMetric and integrate our […] [Read More]