Hyundai Auto Canada Leader to Retire

AuSM Canada Staff

Hyundai Auto Canada Corp. announced late Monday that after 28 years with the company its president and chief executive officer Steve Kelleher will retire on April 30. Kelleher has been serving in this capacity since 2002. Replacing Kelleher on May 1 will be chief operating officer Donald Romano. Commenting on his... Read More

IARA Canada Announces Industry Award Winners

AuSM Canada Staff

Awarded during a ceremony at the recent 2014 AuSM Canada conference, the International Automotive Remarketers’ Alliance (IARA) in Canada announced this morning the recipients of the Annual Remarketer of the Year and two Industry Icon Awards. This year’s Remarketer of the Year is Doug Collis,... Read More

AuSM Staff

In an effort to “streamline” the sales and finance data between Hyundai dealers and Hyundai Auto Canada Corp., Dealertrack Canada revealed Wednesday the launch of an advanced finance portal to all 210 Hyundai dealers in Canada. The new Hyundai-branded portal, powered by Dealertrack, will be directly... Read More

AuSM Canada Staff

Toyota is recalling more than 6 million vehicles worldwide in five actions covering nearly 30 different models. Of those actions, two impact Canada. Of the more than 6 million units involved in the recalls announced this morning by Toyota, over 500,000 of these vehicles are in Canada. According to a statement from... Read More

AuSM Canada Staff

AutoCanada announced this week it has increased its existing syndicated credit agreement by $60 million, bringing total availability to $190 million.  The facility now includes HSBC Bank Canada, Alberta Treasury Branches, and Royal Bank of Canada with HSBC acting as administrative agent to the Credit... Read More

AuSM Canada Staff

In the March TradeTracker Used Vehicle Market Report, the Ford F-150 once again topped the list as the most appraised vehicle in Canada. The truck has come out on top every month this year so far, and of course, holds the title of the most appraised vehicle year-to-date. The pickup truck was also the most appraised... Read More

March CPO Sales See Double-Digit Spikes

Sarah Rubenoff, AuSM Canada Editor

Though many automakers and dealers are still struggling to supply their certified pre-owned programs as quality pre-owned vehicles remain hard to find in this tight supply environment, a few European automakers have seen certified sales soar since 2014 got underway. One of these is Volkswagen Canada, which notched an... Read More

Canadian Class Action Launched Against GM

Sarah Rubenoff, AuSM Canada Editor

General Motors is under fire from both Canada and the U.S. as investigation into its recalls involving ignition switch defects — which includes more than two million GM vehicles worldwide — continues. Specifically, the defect affects 235,855 vehicles in Canada, and Merchant Law Group LLP recently launched a... Read More