Mercedes-Benz Financial’s Canadian arm picks new CEO
Thursday, Mar. 7, 2024, 11:31 AM
Auto Remarketing Canada Staff
Mercedes-Benz Financial Services Canada has a new leader, appointing Brian Stevens its new president and CEO. Stevens will lead the financial services company’s Canadian arm in succession of James Ryan. Ryan was named CEO of Mercedes-Benz Financial Services BeNeLux, leading ... [Read More]
Alternative-powertrain vehicles lead 2024 AutoTrader Awards
Tuesday, Mar. 5, 2024, 10:01 AM
Sarah Rubenoff, Correspondent
Although there may not have been any big surprises this year for the AutoTrader 2024 awards, the company’s editor-in-chief Jodi Lai told Auto Remarketing Canada she was happy to see the Toyota Prius/Prius Prime win for Best Overall Car.
“It’s cool because it's the first hybrid and plug-in hybrid that has won this overall category in the AutoTrader awards. The Prius has always been so good. It's always been very reliable and efficient, but it recently ... [Read More]
Go Auto expands presence in Canada’s Lower Mainland with purchase of Kia store
Tuesday, Mar. 5, 2024, 09:37 AM
Auto Remarketing Canada Staff
Go Auto ramped up its presence in Canada’s Lower Mainland with the purchase of a leading Kia dealership. Go Auto acquired Kia West in Coquitlam, British Columbia, which according to a news release is the country’s No. 1 Kia dealer ... [Read More]
CBB report shows wholesale vehicle value depreciation easing
Thursday, Feb. 29, 2024, 10:28 AM
Auto Remarketing Canada Staff
Wholesale vehicle price declines in Canada eased a bit last week, dropping by an average of 0.39%, following a 0.55% decline the prior week, according to the latest analysis from Canadian Black Book. The CBB report shows car prices dropping ... [Read More]
Canadian government continues to combat vehicle theft, makes $15M investment
Thursday, Feb. 29, 2024, 10:00 AM
Auto Remarketing Canada Staff
Continuing efforts to combat rising vehicle theft rates, the government of Canada is investing $15 million to support law enforcement agencies fighting the growing crime rates. Members of the government, including Dominic LeBlanc, Minister of Public Safety, democratic institutions and ... [Read More]
Mazda Canada launches 3-year, $420K investment for youth empowerment, education
Tuesday, Feb. 27, 2024, 10:47 AM
Auto Remarketing Canada Staff
Mazda Canada entered two long-term partnerships with organizations focused on youth education and empowerment this week. The company is equally investing $420,000 over the course of three years to Indspire and Pathways to Education — both which are leaders in ... [Read More]
CBB, AutoCorp.ai partnership makes trade-in process easier for dealers, consumers
Tuesday, Feb. 27, 2024, 10:30 AM
Auto Remarketing Canada Staff
Canadian Black Book is ramping up its presence in the fintech space through a new partnership with Autocorp.ai. CBB’s integration on the Autocorp.ai platform is designed to make the online car buying and trade-in process more efficient for consumers and ... [Read More]
CARFAX Canada launches OEM CPO badge to help automakers ‘distinguish’ certified vehicles
Thursday, Feb. 22, 2024, 10:00 AM
Auto Remarketing Canada Staff
Automakers and dealerships in Canada now have another option to make their certified pre-owned vehicles stand out on history reports. CARFAX Canada has debuted a Certified Pre-Owned badge on its vehicle history reports that is designed to help its OEM ... [Read More]
Axis, looking to ‘maximize’ shareholder value, begins review of strategic alternatives
Thursday, Feb. 22, 2024, 09:39 AM
Auto Remarketing Canada Staff
Axis Auto Finance is looking to maximize shareholder value for its investors. It initiated a review of strategic alternatives to do just that, also forming a special committee of independent directors, announced last week. In response to growing interest, the ... [Read More]
Annual AutoTrader awards show Toyota as frontrunner for consumer trust
Tuesday, Feb. 20, 2024, 12:11 PM
Auto Remarketing Canada Staff
The 2024 AutoTrader Awards, which celebrate some of the “best vehicles for Canadians,” honored five Grand Prix winners this year for the country’s most-trusted vehicles. That’s according to some of the country’s leading auto experts, as well as Canadian car ... [Read More]