Tuesday Ticker: Elon Musk disagrees with attorneys; Martinrea marks Q4 2023 numbers
Toronto, Ontario — In this weekly Tuesday Ticker, Elon Musk is told he does not deserve a share payout for his work with Tesla, while Martinrea reports its financials for the quarter ended Dec. 31, 2023. Touchy topics at Tesla A Tesla shareholder argued last week in a Delaware, U.S., court that Elon Musk does […]
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 […]
Stand Up Speak Out: 85 percent of industry reports ‘good’ understanding of mental health management at work
Toronto, Ontario — While workplace conversations around mental health are less stigmatized than a decade ago, there is still much work to be done, according to a recent survey of Collision Repair readers. During May, which is designated Mental Health Month, we ran a survey asking readers how they address and manage stress, whether it […]
Tuesday Ticker: Analysts hope Musk shifts attention to Tesla; Stellantis stops construction amid financial disputes and more
Toronto, Ontario — Stellantis airs its disputes with the federal government; Tesla fans hope Elon Musk turns his attention toward the EV brand and Boyd reports its Q1 financials in this weekly Tuesday Ticker. Stellantis stalemate Stellantis and LG Energy Solution have ceased construction on a planned EV battery factory in Windsor, Ont., over ongoing […]
Clear Consensus: Uni-Select approves plan of arrangement with LKQ
Boucherville, Quebec — Uni-Select shareholders announced that they have approved their company’s plan of arrangement with LKQ and its subsidiary, securing a near-unanimous agreement at Thursday’s special meeting. The arrangement resolution was approved by 98.87 percent of the votes cast by shareholders present virtually or represented by proxy and entitled to vote at the meeting, […]
Cost Crunch: Nearly half of shops struggle with sourcing affordable parts, says IMR survey
Illinois, United States – Automotive industry research firm IMR has released survey results from independent automotive repair shops, with nearly half of all shops expecting challenges with sourcing affordable parts and a third expecting difficulties finding qualified and responsible technicians. This survey was conducted between Jan. 1 and Jan. 31 with IMR interviewing 500 independent […]
Inflation Hangover: Canadian manufacturing at a historic seven-year slow
Toronto, Ontario — Canada’s manufacturing sector is facing its longest slowdown in seven years, according to recent data by S&P Global Canada. This data indicates that Canada’s Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 49.2 in December from 49.6 in November, the fifth month in a row where the index remained below the […]
Underachievement Unlocked: 2022 may have seen lowest auto sales in more than ten years, automotive consultants say
Toronto, Ontario — Annual light vehicle sales volumes for 2022 are on track to break the 1.5 million purchase volume maintained for more than a decade, according to an estimate from market research company, DesRosiers Automotive Consultants (DAC). Specifically, they predict that 2022 will wrap up with sales below 1.5 million units due to November’s […]
Popularity Contest: Ford F-150 remains Canada’s most sought-after vehicle, Honda Civic surges in popularity
Toronto, Ontario — Canadian automotive marketplace AutoTrader unveiled a report last Thursday concerning car shopper preferences in 2022, indicating that luxury and mainstay vehicles remain the most popular vehicles, with interest in more economic options driving other contenders towards the Top 10. Impressively, the Ford F-150 holds strong as Canada’s most sought-after vehicle for the […]
Regional Tradeoffs: Panel ruling favours Canada and Mexico in 2020 US-Mexico-Canada Agreement dispute
Washington D.C., United States — Mexico and Canada have won a dispute with the United States regarding cars shipped across regional borders, according to a report first published by Bloomberg. According to people familiar with the decision, a publicly unavailable report by the 2020 US-Mexico-Canada Agreement’s dispute-resolution panel made a ruling loosening the formula deciding whether […]
