Wholesale Express is under new ownership — and set to expand its Eastern Canada business further across the country. The wholesale auto sales site for dealers has been purchased by an investor group made up of management and AshMark, and ... [Read More]

CARFAX Canada will soon have a new leader at the helm. Shawn Vording will become the vehicle history report company’s new president, effective March 1. Vording most recently served as vice president of product and sales. Vording brings along 15 ... [Read More]

Although the snow is still falling with weeks of winter ahead, residual value trends are showing that consumer interest for cars and smaller vehicles is growing in Canada. The results of Canadian Black Book’s 2024 Best Residual Value Awards illustrated ... [Read More]

Wholesale vehicle depreciation gained a bit of steam in Canada last week, with prices falling by an average of 0.70%, according to the latest Canadian Black Book weekly report. Car segments once again saw larger declines, with a drop 0f ... [Read More]

The day before Prime Minister Justin Trudeau was set to deliver remarks to open the National Summit on Combating Auto Theft, the government of Canada announced a variety of federal investments to stop export of stolen vehicles. On Tuesday, Dominic ... [Read More]

Last week, prices at auction decreased by 0.42% overall, according to the latest analysis from Canadian Black Book. CBB data indicates that prices held a bit stronger than weeks prior. Two weeks ago, prices dropped by an average of 0.61%, ... [Read More]

Toyota and Lexus come out on top when it comes to quality, durability and pricing. That’s according to J.D Power’s 2024 Canada ALG Residual Value Awards. ALG is the division of J.D. Power known as the industry benchmark of automotive ... [Read More]

Sourcing, screening and decisioning platform Trust Science has chosen a veteran tech investor and innovation guru to its board of advisors. Chosen for the position is John Ruffolo, whose background includes stints as the founder and managing partner of Maverix ... [Read More]

Safe-Guard Canada customers have a new experience waiting for them online. The branded protection products company announced the launch of its new website and Protection Products Platform. The company said this move “signifies the company’s digital transformation from a third-party ... [Read More]

In a bid to expand its presence worldwide, Dealer Solutions Mergers and Acquisitions, known as DSMA, is entering Europe via a new partnership with UHY Hacker Young. Both DSMA and UHY Hacker Young are leading M&A players in the dealership ... [Read More]