Fraud Frenzy: Canadian auto fraud up 54 percent thanks to ID theft, fake credit applications, says Equifax Canada
Ottawa, Ontario — Identity theft and fake credit applications have caused Canadian auto fraud to surge 54 percent compared to a year ago, according to a recent report from Equifax Canada. Ontario is the province that has experienced the most significant increase in auto fraud, with rates doubling since Q2 2023, said Equifax. First-party fraud, […]
Strong Collision Performance: AutoCanada reports Q2 results, gross profit up 14.1 percent
Edmonton, Alberta — AutoCanada reported its Q2 financials last Thursday, where it stated its parts, services and collision repair operations had a “robust performance.” Consolidated gross profit increased to $318.7 million, up 14.1 percent. The primary drivers of gross profit were higher new vehicle sales volumes and strong performances from AutoCanada’s used retail vehicle division; […]
