CAN YOU BELIEVE THIS?! – CRM 20#1
SCRAP STARS The auto recycling industry is finally getting some of the star power it deserves as YouTube-based “picking” show “Totaled Treasure” released its second episode in late-December. Styled in a similar vein to shows like “Canadian Pickers” and “Storage Wars”, “Totaled Treasure” follows Vince Edivan and Aaron Stone as they travel across America visiting […]
OEM NEWS – CRM 20#1
NEW YEAR, NEW LOGO Kia has revealed its new corporate logo and global brand slogan that signify the automaker’s bold transformation and all-new brand purpose. The logo is a representation of Kia’s new brand identity and the values it promises to offer customers, through future products and services, a great experience. The unbroken line is […]
TECHNOLOGY NEWS – CRM 20#1
BIG BLUE AsTech, a portfolio company of Kinderhook Industries, announced its acquisition of the “BlueDriver” diagnostic tools and services. BlueDriver is a leading provider of direct-to-consumer aftermarket diagnostics scan tools and services. The company represents the ninth add-on acquisition for asTech and Kinderhooks’ 99th automotive-related transaction. The BlueDriver diagnostic tool is able to match vehicles, […]
INSURANCE NEWS – CRM 20#1
POOF GO THE PREMIUMS Manitoba drivers are projected to see auto insurance premiums drop by an average of 8.8 per cent in the coming months. In early December 2020, the Public Utilities Board (PUB) approved MPI’s request, which averages out to a savings of more than $100. The corporation had begun turning over more money […]
Picking up the Pace: CAA pay-as-you-go insurance customers tripled in pandemic
Thornhill, Ontario – As the pandemic has seen fewer cars on the road and, in turn, fewer collision claims for insurers to settle, pay-as-you-go pricing models have taken a new position in the forefront of auto insurance as CAA reports that it’s MyPace policy has skyrocketed in popularity. CAA announced on Thursday that according to […]
Power Surge: StatsCan data finds EV and hybrid sales lead vehicle sales recovery
Toronto, Ontario – As the Canadian automotive industry makes it’s slow climb toward recovery, following sharp sales declines at the height of the pandemic, new data from Statistics Canada shows that electric vehicle (EV) and hybrid sales are leading the charge in overall sales volume. According to data published by Stats Can on Feb 11., […]
H’open for Business: Nearly 75 percent of collision businesses report dismal January performance
Toronto, Ontario — If your business experienced a grim January 2021, you’re far from alone. According to Collision Repair magazine’s latest survey results, 73.4 percent of respondents say their collision repair businesses are reporting decreased performances for Jan. 2021, compared to a year prior. Overall, 85.7 percent of respondents are reporting annual decreases for 2020 […]
Meeting your Match: CrashBay launches search engine to connect drivers to shops
Oakville, Ontario – Finding the right shop for your vehicle’s repairs is as important a relationship as any, and Oakville, Ontario-based company, Crash Bay, is poised to play matchmaker with the launch of their new collision centre search engine. The automotive e-commerce company first launched CrashBay in 2019, and now with the updated ability to […]
INDUSTRY NEWS – CRM 20#1
FEELING BLUE BASF has released its 2020 Colour Report where the global paint and coatings giant showed off the most popular paint colours of the past year. The report covered trends reported from four distinct automotive markets: Europe, Middle East and Africa (EMEA); as well as North America, Asia Pacific and South America. According to […]
Business News – CRM 20#1
DRIVEN TO MARKET Driven Brands, the owners of CARSTAR, Maaco, Meineke, Fix Auto USA and several other auto service companies, is looking to raise up to $760 million through an initial public offering (IPO)—which would value the company at about $3.4 billion (all figures in USD). Driven Brands plans to sell 38 million shares of […]
