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ISSUES
![]() December 2011 / January 2012 ![]() December 2011 / January 2012 ![]() UPDATED Fact Book 2011 |
Remarketing News
Get news as it is published! February 22, 2011 ALG REPORTS ANNUAL RESIDUAL VALUE AWARDS Automotive Lease Guide (ALG), headquartered in Santa Barbara, California, announced its third annual (projected) Canadian Residual Value Awards. Subaru was named 2011 Mainstream Brand Canadian Residual Value winner for the second year in a row. The 2011 Luxury Brand Canadian Residual Value award winner went to Infiniti for the third consecutive year. "A key indicator of a brand's health and a significant contributor to driving increased profitability for a brand is high residual value," said Raj Sundaram, Senior Vice-President, Solutions Group and ALG. "Our overall winners and market segment honorees are perfect examples of brands that are committed to delivering real value to dealers and customers." Category winners were:
February 15, 2011 NORTH TORONTO AUCTION PARTNERS WITH CITY OF TORONTO North Toronto Auction is excited to announce that it has been awarded the contract for The City of Toronto auctioneering services for the disposal of excess vehicles and equipment through public auctions at their Innisfil facility. North Toronto Auction will provide auctioneering services to Toronto Fleet Services, Toronto Fire Services, Emergency Medical Services, Toronto Police Services and the Exhibition Place. All vehicles and equipment will be available to purchase in person or on-line through North Toronto Auction’s webcast auction. North Toronto auction has 24 public auctions a year and almost every auction features former fleet vehicles from one of the City of Toronto Divisions. “We are excited that The City of Toronto has chosen to continue to utilize our services” said Matt Rispin, General Manager and co-owner of North Toronto Auction. “Providing remarketing services for The City of Toronto fleet has been a very important component in our progression as the premier public auction in Canada. The fleet managers within The City of Toronto are some of the best and most progressive in the industry. It is a privilege to work with them.” North Toronto Auction is Canada’s largest Independent Auction, specializing in both dealer closed auctions and public auctions. North Toronto Auction is also a member of the Independent Canadian Auction Network, allowing them to service fleet accounts nationally. Please visit www.northtorontoauction.com for more details. February 8, 2011 AUTO REMARKETING CANADA 2011 CONFERENCE The 2011 Auto Remarketing Canada Conference 2011 will be held at the Hyatt Regency Hotel in Toronto, Ontario from April 12 to 14. Several names of featured speakers are: OEM representatives, David Sudbury,Vice-President, and Rob Hodge, Senior Manager, used vehicle operations, Honda Canada Finance Inc, Don Wallace, National Remarketing Manager, Chrysler Brands, Gord Campbell, Manager, Sales and Remarketing, Nissan Canada Finance/Infiniti Financial Services, Mitch Gauthier, Manager Pre-Owned Sales, Toyota Canada, Doug Collis, Remarketing Sales Manager, and Tim Quesnel, Remarketing Operations Manager, Ford of Canada. "These industry leaders, and others who will soon be added to the agenda, are sure to provide useful insights to attendees," said Bill Zadeits, Conference Co-chair. "Combining top-notch content with our incredible location in Toronto is exciting, and attendees can look forward to a truly valuable conference experience." Other speaker names confirmed include Tanya Thompson, ALG; Carlos Gomes, Senior Economist, Scotia Capital; Michael Hatch, Chief Economist, CADA, Brad Rome, VP - Sales and Marketing, Canadian Black Book, Scott Neil, Director - Online Marketing, Trader.ca, Cheryl Munce, VP Strategy, Online and Business Development, Manheim Matt Rispin, General Manager/Owner, North Toronto Auto Auction and Peter Kelly, President & CFO, OPENLANE. More speakers will soon be announced. February 1, 2011 ADESA TOPS CHRYSLER PENTASTAR AUCTION OF THE YEAR AWARDS Chrysler Canada and Chrysler Financial announced the 2010 Platinum Pentastar Auction of the Year award recipients recently. Tier 1 award went to ADESA Vancouver and Tier 2 went to ADESA Winnipeg. Winners are determined by how the auction performs in pre-sale, post-sale, sale and value retention metrics. January 11, 2011 NORTH TORONTO AUCTION IS PROUD TO ANNOUNCE REMARKETING OF KIA CANADA VEHICLES North Toronto Auction is excited to announce a partnership with Kia Canada Inc to facilitate the remarketing of Kia Canada service buy back units. These vehicles will be sold exclusively through North Toronto Auction, via both their Online and Physical auctions. The first closed auction was held on Dec 2 2010 with a 100% sold conversion. “This is going to be a great relationship between two emerging companies in the industry” says Frank Panza, owner/partner of North Toronto Auction. “It is refreshing to work with progressive Fleet Managers like Richard Pasta and George Lykopoulos, who have the vision to utilize an independent auction’s remarketing process for their service buy back vehicles. There is really an unlimited potential for this relationship.” Kia Canada’s Richard Pasta agreed and added “North Toronto Auction gives Kia Canada additional market exposure for our service buy back units. Our participating dealers gave incredible feedback after our first auction. The dealer’s are already inquiring as to when the next auction will be held” North Toronto Auction is Canada’s premier Independent Auction, specializing in both dealer closed auctions and public auctions. North Toronto Auction is also a member of the Independent Canadian Auction Network, allowing them to service fleet accounts nationally. Please visit www.northtorontoauction.com for more details. |
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