Tuesday Ticker: AutoForecast Solutions synopsis
Toronto, Ontario — For this edition of Tuesday Ticker, we’re bringing you a synopsis from AutoForecast Solutions (AFS). With the U.S. election in the rearview mirror, the automotive industry can shift its focus to the road ahead. According to AFS’s latest report, political clarity often paves the way for renewed investments, allowing companies to recalibrate […]
Growth and Gains: Overall light vehicle aftermarket grows in terms of dollar size, according to Desrosiers
Toronto, Ontario — In terms of dollar size, the overall light vehicle aftermarket grew between 2021 and 2023, reports Desrosiers Automotive Consultants (DAC), driven by increases in both retail aftermarket parts and labour. From 2021 to 2023, DAC says the overall light vehicle aftermarket experienced growth, expanding from $22.5 billion in 2021 to $24.1 billion […]
Economic Influences: Average dealership visit costs $465, compared to independent shop visit at $262, says J.D. Power report
Toronto, Ontario — The average cost of a visit to the repair shop has increased over 2023, regardless of whether a customer visits a dealership or independent facility, according to J.D. Power’s 2024 Canada Customer Service Index—Long Term Study. According to the study, the average cost of a visit to the dealership is $465 in […]
Working Conditions: Stacey Miller says transparency and strong management key qualities in creating inclusive workplace for women
Toronto, Ontario — As the aftermarket continues taking steps to attract more women to the trade, transparency and strong leadership are of the utmost importance, says Stacey Miller, VP of communications for the Auto Care Association. During her breakout session at AIA Canada’s National Conference last week, Miller delved into data regarding women employed in […]
Driving Demand: Vehicle complexity, aging cars among factors contributing to ‘robust’ aftermarket demand
Washington, D.C. — An aging car parc, ever-increasing miles-travelled and greater vehicle complexity will continue to drive robust demand across the automotive aftermarket through 2024, according to the recently-released Capstone Partners Automotive Aftermarket M&A Coverage Report October 2023. Capstone’s report states that an “aging [U.S.] car parc, growing miles travelled and increased vehicle complexity have […]
Combat for a Cause: Date set for annual Treschak axe throwing tournament supporting local legion
Fonthill, Ontario — It’s nearly that time of year when Jamie Treschak of Treschak Enterprises brings together his community of Fonthill together for a day of barbecue, prizes, and most importantly—throwing axes. As a dual-threat aftermarket expert and stage combat instructor, Treschak knows exactly how to rally a group around a cause, as he gears […]
Paint and Progress: PPG scores 4.5 of 5 on Newsweek greatest workplaces list
Toronto, Ontario — Newsweek put out its 2023 list of “America’s Greatest Workplaces” recently, which saw global paint developer PPG come away with an impressive score of 4.5 out of five for the 52,000 employee-strong company. Poring over more than 389,000 company reviews in the process, Newsweek and Plant-A Insights Group determined PPG to be […]
Finish Line in Sight: Uni-Select achieves Investment Canada Act approval in LKQ acquisition process
Toronto, Ontario — Uni-Select announced Thursday its receipt of approval under the Investment Canada Act, moving the company one step closer to closing its acquisition deal with LKQ and its numbered company. “The above-mentioned approval satisfies the closing condition regarding the Investment Canada Act set forth in the arrangement agreement between Uni-Select, LKQ Corporation and […]
Potential in Printing: IBIS 3D printing task force head lays out research goals and timeline
Toronto, Ontario — Parts shortages have become the new normal and yet 3D printing has yet to be adequately explored as a possible solution—until now, as the head of an IBIS task force tells media that the relatively new fabrication technology is next on his agenda. Owner of Imagine Additive Consulting and IBIS-appointed task force […]
Tech Teachings: One week out from Skills Canada Automotive Technology Summit
Winnipeg, Manitoba — The Skills Canada Automotive Technology Summit is officially only one week out and stakeholders from across the collision industry are gearing up for what is expected to be a truly insightful day of discussion and education. The rapid-fire summit, lasting only two hours, is set to feature bite-sized talks from the director […]
