Sarah Rubenoff, AuSM Canada Editor

The Canadian branch of the International Automobile Remarketers’ Alliance completed its first training event earlier this month for its members — an event the organization said was well-attended by members “from all facets of the automotive remarketing spectrum.” The event was held at ADESA... Read More

BMW Canada Reveals New Top Exec

AuSM Canada Staff

BMW Canada has a new leader. Hans Blesse assumed the role on Tuesday after the company announced former president and chief executive officer of the BMW Group Canada Eduardo Villaverde was leaving the company. Villaverde had taken on the role in September 2011 after running the company’s operations in... Read More

Carfinco Sees Unusual Auto Loan Growth in Q1

Sarah Rubenoff, AuSM Canada Editor

Carfinco Financial Group announced first-quarter results this Wednesday that showed growing auto loan originations as well as rises in net earnings. The first quarter of fiscal 2014 has been a positive one for Carfinco, said company management, as the company reported a 5.5-percent increase in net earnings and $1.1... Read More

AuSM Canada Staff

Lexus has set up shop at the Montreal-Trudeau airport. Instead of a cab, why not take a Lexus? Travelers returning home over the next few months and interested in purchasing a luxury vehicle might want to stop by the Lexus Lounge — where they can arrange a test-drive home. In an unusual marketing effort,... Read More

Mercedes-Benz Winnipeg Moving to Updated Facility

AuSM Canada Staff

Mercedes-Benz Winnipeg is getting a facelift, as  store management and company leaders broke ground this week for a new location for the well-established dealership. Tim Reuss, president and chief executive officer of Mercedes-Benz Canada, together with company executives, recently joined Winnipeg Acting Deputy... Read More

Co-Auto Dealers Have New Service Plan Options

AuSM Canada Staff

Now, Co-Auto dealership members have a few new options when selling service plans to customers. This week, reconditioning company Dent Wizard International announced a new partnership with Co-Auto — a cooperative buying group dedicated exclusively to servicing new car and truck dealerships throughout... Read More

Sarah Rubenoff, AuSM Canada Editor

As AutoCanada announced strong financial results for the first quarter, the company highlighted one area, in particular, that contributed to an overall dealership revenue increase of 28.2 percent: used-vehicle sales. Q1 was an extremely strong quarter for pre-owned, as the company’s used-vehicle revenues increased... Read More

Chrysler, Ford Ramp Up Fleet Sales in 2013

Sarah Rubenoff, AuSM Canada Editor

Though rental and fleet sales for automakers can be looked at in a variety of ways — as many automakers try to pass of some of their harder-to-move products in this fashion — these types of sales normally bode well for the used-car market in the near-term. With used-car supply so low, rumors of high fleet... Read More

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