European Brand CPO Sales Soar
Wednesday, Jan. 8, 2014, 05:39 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
As December and full-year 2013 certified pre-owned results came in, it’s evident that while European automakers saw CPO sales rise consistently throughout this past year, Japanese brands were feeling the sting of tight used supply. One European brand even notched ... [Read More]
Can Automakers Shift Canadian Consumer Interest From Long-Term Loans Back to Leasing?
Thursday, Dec. 19, 2013, 05:00 AM
Sarah Rubenoff, Auto Remarketing Canada Editor
Though analysts offered no short-term good news in regards to Canadian leasing levels, movement in the new-car market could spell more off-lease vehicles in the future. That is, if OEMs are able to turn consumers away from long-term loans and ... [Read More]
Acura Canada to Recall More Than 3K Model-Year 2014 Vehicles
Thursday, Dec. 19, 2013, 05:00 AM
Sarah Rubenoff, Auto Remarketing Canada Editor
Acura Canada announced two recalls this week that affect more than 3,000 model-year 2014 units in Canada. First, Acura said it is recalling 3,074 MDX vehicles from the 2014 model year to inspect and, if needed, tighten or replace bolts ... [Read More]
ARI Reveals 2 New Exec Appointments in Canada
Thursday, Dec. 12, 2013, 05:00 AM
Sarah Rubenoff, Auto Remarketing Canada Editor
Fleet services provider ARI announced two new executive appointments this week. Rick Tousaw has been promoted to senior vice president and general manager of ARI Canada. And Craig Balfour has been promoted to vice president of sales for ARI Canada. ... [Read More]
Mercedes-Benz Canada Announces 2014 Star Dealers
Thursday, Dec. 12, 2013, 05:00 AM
Auto Remarketing Canada Staff
Mercedes-Benz Canada revealed this week its 2014 Star Dealers list. These awards honor the top 10 authorized Mercedes-Benz dealers in Canada, “reinforcing the critical role that each dealership plays in the overall success of the Mercedes-Benz, AMG, smart and Sprinter ... [Read More]
New Company Aims to Change the Dealership Review ‘Eco-System’
Tuesday, Dec. 10, 2013, 04:35 PM
Auto Remarketing Canada Staff
A bad customer review can spark fear in the hearts of most any business owner. And dealers have their own set of issues to navigate when trying to secure reviews from happy customers. Mobials Inc., a new mobile software development ... [Read More]
AutoCanada Reports Used Sales Increase; Plans to Add 4-7 Dealerships
Tuesday, Dec. 10, 2013, 04:29 PM
Auto Remarketing
AutoCanada Inc. reported a successful Q3 last week, seeing a large profit increase and rises in used-car sales. The dealership group announced a profit increase of 61.1 percent. And revenue increased by a whopping 35.1 percent or $104.9 million to ... [Read More]
CarProof Hires 1st Director of Financial Planning and Analysis
Tuesday, Dec. 10, 2013, 04:27 PM
Auto Remarketing
CarProof Vehicle History Reports announced this week it has made a hire in a brand new position: director of financial planning and analysis. Chosen for the role is Alison Doyle, who will be responsible for analyzing company and market data ... [Read More]
ADESA Canada Used Vehicle Price Index Update Shows Double-Digit Percentage Drops for Mid-Compact Cars
Tuesday, Dec. 10, 2013, 04:25 PM
Auto Remarketing
The ADESA Canada Used Vehicle Price Index powered by ALG Canada has been updated through October, and it shows wholesale prices have recently seen one of the biggest drops this year. With all segments experiencing negative price movement, the index ... [Read More]
Report: Auto Industry Profit Margins Spike; Canada Pulls in Record Monthly New-Car Sales
Tuesday, Dec. 10, 2013, 04:22 PM
Auto Remarketing
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 ... [Read More]