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 […]
A Staple(ton) of Success: Spanesi names Alex Stapleton customer business development adviser
Naperville, Illinois — Spanesi Americas drafted a new star player to its roster last Friday, announcing that Alex Stapleton has been brought on as a new customer business development adviser for the company. Stapleton boasts more than a decade of collision repair experience, including eight years at the helm of his own shop, in addition […]
A Strong Backfield: Edmonton Elks partner with Lordco Auto Parts for 2023 season
Port Coquitlam, British Columbia — Lordco Auto Parts first made its way into Alberta in 2019 and has quickly ingratiated itself with its new neighbours, announcing Wednesday that the company has signed on as a partner of the Edmonton Elks. The Western Canada parts suppliers said this team-up with the CFL football squad is a […]
Two Becoming One: Celette acquires Wedge Clamp, will now offer floor system product line
Toronto, Ontario — In a deal bringing together two collision repair powerhouses, Celette announced Friday that it has acquired Wedge Clamp Systems and will begin selling the company’s popular line of floor systems. Celette said in its press release that “Wedge Clamp Systems has delivered a variety of innovative products to the market that are […]
Fakes Don’t Make It: U.S. border patrol seizes $196,000 in fake auto parts at Philadelphia port
Pennsylvania, United States — A shipment of more than 175 counterfeit auto parts bound for Philadelphia was intercepted by U.S. Customs and Border Protection (CBP) last month, amounting to a value of $196,000 had they made their way into the legal aftermarket. The shipment sent from China contained 177 air bag covers, aluminum hoods, front […]
CCC, AI MVP: CCC wins two awards for AI innovation, organization from Business Intelligence Group
Toronto, Ontario — The Business Intelligence Group announced Tuesday that the estimation experts over at CCC Intelligent Solutions have been presented with not one, but two Artificial Intelligence (AI) Excellence Awards for its impressive use of the emerging technology. CCC Estimate – STP, the company’s industry-first AI-powered estimating platform, took the top spot in the […]
St. Pat’s in Secaucus: Northeast auto show kicks off in New Jersey on Friday
Secaucus, New Jersey — If you aren’t already on your way to New Jersey for this year’s Northeast 2023 Automotive Services Show you had better get moving, as organizers of this year’s event are expecting a record-breaking turnout of at least 6,000 attendees. Filled to the brim with tradeshow exhibitions, educational sessions, and even a […]
Scan with a Plan: asTech’s Rules Engine works at spotting missing DTCs, according to case study
Toronto, Ontario — Researchers over at Repairify, the company behind the asTech Rules Engine, have offered a peek behind the curtain into how the innovative technology was developed, as well as the startling revelations made along the way. In developing its Rules Engine software, asTech engineers conducted thousands of tests scanning vehicles currently in the […]
Props to PPG: PPG ranked no.4 most admired chemical company, says Fortune list
Toronto, Ontario — There are companies like PPG—and there are companies that wish they were like PPG—companies that wish they too were being recognized for the fifteenth time on Fortune Magazine’s 2023 Most Admired Companies list, according to a Wednesday press release. The global automotive coatings manufacturer has long been a fixture on the publication’s […]
Innovation in Alberta: Alberta scientists honoured for work in lithium extraction for EVs; autonomous vehicle road tech
Calgary, Alberta — Two Alberta doctors were recently honoured by their peers at an annual event celebrating innovation in science and technology. The Alberta Science and Technology foundation—also known as ASTech—is managed by Technology Alberta and recognizes innovation taking place throughout the province. Dr. Ghada Nafie is developing an efficient way to extract lithium from […]
