Sick Drifts, Bro: Regenerative brakes may increase chance of aquaplaning
A Norwegian YouTuber demonstrating the challenge of driving on frosty roads with regenerative brakes. (Bjørn Nyland/YouTube) Toronto, Ontario — A complaint posted to Facebook by a Tesla Model Y owner reveals a design flaw that likely affects vehicles beyond Tesla’s model range—regenerative braking systems that may unintentionally kick in, drifting the vehicle when the driver […]
Off the Presses: Canadian Black Book December 2022 data released
Toronto, Ontario — The latest edition of the Canadian Black Book (CBB) Used Vehicle Retention Index is now available, providing members of the automotive industry with price trends based on historical, current and residual values. Notably, used vehicle retention appears to have peaked at unprecedented levels in the past 15 years. According to the CBB, […]
Industry Insider: Building solutions to the supply chain shortage | Dayle Thys of LKQ
Toronto, Ontario — On this episode of Industry Insider, “Building Solutions to the Supply Chain Shortage” Collision Repair’s James Kerr speaks with Dayle Thys, District Manager C3 Western Canada for LKQ. We discuss the struggles shops are facing, and what you can do about it.
Tuesday Ticker: CAMI kicks off electric delivery truck production; Rivian makes first deliveries to B.C. market
Toronto, Ontario — In this weekly economical report, General Motors starts up EV assembly lines in Ontario; Rivian makes its first Canadian deliveries and promises increased production in Q4 while the Canadian pension fund offloads some electric shares. Bring on BrightDrop The CAMI Assembly plant in Ingersoll, Ont.—which General Motors spent seven months and more […]
Winter, All at Once: ICBC reports 94 percent spike in claims as west coast gets first major snowfall
Vancouver, British Columbia — Canada’s west coast is feeling the effects of its first major snowfall in not just its collective chilly toes, but in a 94 percent spike in collision claims recorded from Nov. 22 to this past Tuesday, according to a press release from ICBC. From the period of Nov. 22 to Nov. […]
Point of Divergence: Insurance premiums grow costlier as Ont. crash frequency remains low, AG annual report says
Ottawa, Ontario — The office of Ontario’s Auditor General released its 2022 Annual Report on Wednesday, where more light was shed on the province’s growing disparity between low crash frequency rates and high auto insurance premiums. Penned by Auditor General Bonnie Lysyk, this year’s report found the average Ontario auto insurance premium rose by 14 […]
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Can You Believe This?! Chandelier headlights, leaps of faith and much, much more
Toronto, Ontario — Happy Friday! Treat yourself to a cup of morning chuckles with Collision Repair’s weekly Can You Believe This?!, featuring WTF welding jobs, snowfall fiascos in B.C., the first-ever car-vault gymnastics and much, much more!
Cash for the Furnace: Insurance bureau says ICBC on track to lose $298 million this year
Vancouver, British Columbia — The Insurance Bureau of Canada (IBC) reported Friday that British Columbia’s crown insurance company is on track to record a financial loss of $298 million for this year. Vice president of IBC’s western and Pacific regions, Aaron Sutherland, called this update from the Insurance Corporation of British Columbia (ICBC) “incredibly disappointing” […]
Tuesday Ticker: Tesla tops Toyota’s Q3 profits; Carvana e-commerce share price slashed
Toronto, Ontario — In this weekly financial-watch report, Tesla’s Q3 results are compared with Toyota’s and e-commerce platform Caravana sees its share price cut in half. Tesla tops Toyota Tesla could have earned eight times as much per vehicle as Toyota in Q3, reports Asian newspaper Nikkei. A report from Electrek claims Toyota delivered eight […]
