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BUSINESS NEWS

POLYGLOT PLATFORM

Arslan Automotive is currently finalizing the Korean translation of its Accuvision 3D measuring system and its associated software, company owner Arman Gurarslan told Collision Repair. Gurarslan hosted a team of Korean automotive professionals at Performance Collision Brampton, managed by Gary Dunn, in mid-August. The Korean team had the chance to receive training on and provide feedback on the newly translated version of the program. Once the equipment is all certified in its Korean language translation, Kia Motors will have exclusive first access to the 3D measurement technology.

STRONG COLLISION PERFORMANCE

AutoCanada reported its Q2 financials in early August, citing a “robust performance” in its parts, services and collision repair operations. 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; its parts and services business and in collision repair. Recent acquisitions were also a driver, wrote the company. In Q2 2023, AutoCanada acquired a dealership and collision centre in Windsor, Ontario, and London Auto Collision in London, Ontario. Revenues for the quarter range in at $1,548.6 million, marking an increase of 7.7 percent.

SUPPORTING THE CAUSE

Color Compass has donated $5,000 to the Canadian Red Cross Fires Appeal and the United Way for BC Wildfire Recovery, the jobber announced via a LinkedIn post. Color Compass wrote that, “it’s truly inspiring to see the dedication to making a difference in the face of such important challenges in the BC Wildfire Cause.” They noted that, “such initiatives highlight the optimistic influence businesses can have beyond their regular operations.” Color Compass encourages “staff, customers and partners to join in the support; you’re fostering a sense of unity and community engagement that can have a lasting impact.”

ROAD TO RECOVERY

Motor vehicle parts shipments have exceeded pre-pandemic figures by 12.5 percent. This figure marks over $2 billion, according to a recent release from DesRosiers Automotive Consultants. While the motor vehicle assembly industry shipments remain behind 2019 figures, it is only by 4.3 percent, representing significant growth. This growth is further complemented by growth in other key industries. Metalworking machinery manufacturing increased by 33.7 percent compared to 2019, with the motor vehicle body and trailer manufacturing industry seeing shipments grow by 49.4 percent. With these upward trends and stronger performance, the industry is entering a period of transformational growth as it moves to BEV-focused assembly

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