Sarah Rubenoff, AuSM Canada Editor

As the first quarter wrapped up, two European automakers secured all-time certified pre-owned monthly sales records in April. First up, Volkswagen Canada broke the first all-time record month it notched in March by over 100 units this past month. In April, the company sold 1,635 CPO units, breaking another record,... Read More

Q1 Auction Price Spike to Linger

AuSM Canada Staff

Though relief from high prices at auction is almost visible on the horizon, according to industry predictions, dealers are still having to shell out for quality used vehicles in the lanes, at least for the short term. According to RVI’s Q1 report, in March, used-car prices at auction rose by 2.8 percent from... Read More

Sarah Rubenoff, AuSM Canada Editor

It’s been a big week for AutoCanada. In time with the company revealing it is in the process of adding eight new dealership to its lineup, the dealer group also recently announced it has increased its floor plan credit facility to $550 million. This marks an increase of $200 million to its existing syndicated... Read More

New Hyundai Canada Leader Takes the Reins

AuSM Canada Staff

Donald Romano takes the reins at Hyundai Auto Canada Corp. today as its new president and chief executive officer. The former chief operating officer is replacing Steve Kelleher in the leadership position, who elected to retire at the end of April after 28 years with the company. Romano revealed today some of his... Read More

AuSM Canada Staff

AutoCanada gave an update today on what’s in its acquisition pipeline, revealing a series of purchases that have the potential to make the company over $400 million in extra annual revenue. The company announced today that it has signed a purchase agreement for a dealer group, as well as purchase agreements for... Read More

Mark Dubois , Dealer Performance and Consulting

Buy-here, pay-here and lease-here, pay-here financing has seen significant growth in popularity in Canada during the past few years. In the United States, there are approximately 28,000 dealers providing this form of financing to customers.   These dealers understand that BHPH financing can be very profitable... Read More

Canadian Dealerships See Record 2013 Sales

Sarah Rubenoff, AuSM Canada Editor

Canadian dealers are on a roll as new-vehicle sales continued to rise in the first quarter of 2014. New light-vehicle sales climbed 0.9 percent during the  quarter, as dealers moved forward from 2013's record-breaking numbers, according to DesRosiers Automotive Consultants And the Canadian Automobile Dealers... Read More

Pricing: HGreg.com Versus CarMax

AuSM Canada Staff

A big name in the used-vehicle business in the U.S. and Canada — HGreg.com — has found a new way to relate to one of its biggest competitors. The website is now offering buyers a “Compare with CarMax” button, providing a link to the same model on the competitors’ website. Users can... Read More

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