Tuesday Ticker: IAA launches market alliance with North America Trading L.L.C; while Northvolt announces Quebec battery plant will proceed despite bankruptcy filing
Toronto, Ontario — In this weekly Tuesday Ticker, IAA has announced that it has launched a new market alliance with North America Trading L.L.C. in the country of Oman; while Northvolt says that its Quebec battery plant will proceed despite Chapter 11 bankruptcy filing in the United States. A Middle Eastern merging Last Thursday, RB […]
Watch Now: Exclusive webinar with Blair Earle, Managing Director at IAA Canada
Toronto, Ontario — Watch now! In this exclusive webinar, Collision Repair sits down with Blair Earle, Managing Director at IAA Canada to hear how recent disasters, like Alberta’s summer hailstorm that resulted in $2.8 billion in insured losses, or the Jasper wildfires ($800 million in claims), have reshaped our industry. Watch now to learn insights […]
UNDERSTANDING DYNAMIC FACTORS
KNOWING WHAT MARKET FACTORS IMPACT YOUR BUSINESS IS CRITICAL FOR REAL-TIME AND LONG-TERM SUCCESS The automotive aftermarket is a dynamic place that faces a breadth of challenges on a daily basis. Understanding those challenges and the factors shaping them could be critical to your business’s success, regardless of what aftermarket vertical you operate in. And […]
Industry Insider: Used vehicles; vehicle theft; auto auctions–the impact on the Canadian market
Toronto, Ontario — On this episode of Industry Insider, we speak with Blair Earle, managing director of IAA Inc., Canada, to hear how the used vehicle market is affecting Canadian aftermarket operations; vehicle sales prices and more. Be sure to listen to the end to hear a special segment about vehicle theft in Canada and how […]
Totaled Tallies: Totaled Tesla Cybertrucks now appearing on IAA vehicle auction sites
Toronto, Ontario — Totaled Tesla Cybertrucks that have been written off by insurers are currently up for auction on IAA’s website. As of the time of writing, the first Cybertruck listed on IAA’s auction site was reportedly involved in a significant front-end impact that resulted in airbag deployment. This version of Tesla’s electric pick-up truck […]
A Season of Giving: IAA holds 2023 holiday fundraiser
Toronto, Ontario — Team IAA is raising money for Food Banks Canada this holiday season with a goal of helping to reduce hunger throughout the country. On average, Food Banks Canada has to provide 650 food banks with resources, and IAA is aiming to help lighten this load through a donation matching charity event. Specifically, […]
Auctions for Auctioneers: Ritchie Bros acquisition of IAA achieves shareholder approval
Toronto, Ontario — After some bumps along the road of negotiation, the Ritchie Bros acquisition of IAA has been completed following shareholder agreement from both parties. This merger will see IAA stockholders receive $12.80 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. When […]
Gone too Soon: High repair cost driving many Teslas to salvage prematurely, Reuters says
Toronto, Ontario — Tesla has been talking big about its in-house insurance platform recently, and how it is providing insights on potential design improvements, but some recent reporting from Reuters has found that far too many of the electric automaker’s vehicles are turning up as salvage prematurely. In a compilation of 120 Model Y vehicles […]
Tuesday Ticker: PPG 2022 sales driven by ‘higher selling prices, sales volumes’
Toronto, Ontario — In this week’s Tuesday Ticker, PPG reports record automotive refinish coatings sales for 2022, while B.C.-based Ritchie Bros. Auctioneers amends its deal to acquire IAA Inc. PPG’s power year PPG reported its fourth quarter 2022 and full-year results last week, reporting record net sales in its automotive refinish line of business. The […]
A New Era: Impact Auto Auctions rebrands to IAA
Toronto, Ontario — Heads-up to the auto recyclers out there; a familiar face in the aftermarket industry has adopted a new name, as Impact Auto Auctions has officially rebranded to IAA. This recent change by the used vehicle distributor can already be seen across IAA’s online platforms, such as its website, Auction Center, Seller Portal, […]
