Tuesday Ticker: March 22, 2022

Toronto, Ontario ⁠— In this weekly Tuesday Ticker report, Canada’s third-largest auto parts manufacturer preps to prove its battery-making power; LKQ Corp. enters plans to sell its aftermarket glass division and Boyd Group Services announces its Q1 2022 cash dividend. Proving the power Martinrea International said it will begin proving out its battery technology and […]

Canadians in Charge: Derek Willshire to lead LKQ operations in Canada

Toronto, Ontario ⁠— Derek Willshire, regional vice president for LKQ Canada, will now lead the company’s operations across all of Canada. Previously, Willshire led the company’s operations in Nova Scotia, New Brunswick, Newfoundland, Prince Edward Island, Quebec, Ontario and Manitoba. The Western provinces fell under the same jurisdiction as LKQ’s Western U.S. operations. “I’m a […]

Fortner’s Fortitude: LKQs Terry Fortner announces retirement, effective July

Toronto, Ontario — Terry Fortner, the long-time v-p of sales and marketing for LKQ has announced his retirement, effective at the end of July. Fortner, who gave 12 years of his career to LKQ, was initially brought on to develop relationships with the company’s corporate insurance partners and high-volume shops. President, Wholesale North America Operations […]

LKQ Delivers the Loot: Company gifts Tropicana, Centennial class with holiday donation

Toronto, Ontario ⁠— The students of Tropicana Community Centre’s Pre-Apprenticeship Auto Body and Collision Repair class are having a very happy holiday indeed, thanks to a very generous donation from LKQ Corporation. On top of body panels for Centennial College students to test their skills on, LKQ also supplied OGIO backpacks, vests and top-notch supplies […]

If it Ain’t Broke: LKQ says salvage parts out-performing aftermarket in Q3 earnings report

Toronto, Ontario — LKQ released its third quarter earnings report last Thursday and  found that recycled parts are out-performing the aftermarket in revenue. President and CEO Dominick Zarcone believes he knows why. “Salvage parts come from the local markets, right? We buy total loss vehicles locally, we dismantle them locally and then we can distribute […]

United We Stand: CAR Coalition launches U.S. Right to Repair campaign

Washington, District of Columbia, United States ⁠— The CAR Coalition, a group of independent automotive parts and repair companies, associations and insurers committed to preserving customer choice has launched a multi-million dollar U.S. campaign in support of the right to repair movement and key legislative measures, including the Save Money on Auto Repair Transporation (SMART) […]

Industry Insider: Insights, opportunities and outlooks from LKQ Corporation

Toronto, Ontario — On this episode of Collision Repair‘s Industry Insider, host Allison Rogers sits down with Paul Reichert, senior director of MSO and insurance services (Canada) for LKQ Corporation, to discuss some of the company’s trending insights and outlooks for the future of the collision repair and automotive aftermarkets. Listen to the full 15-minute […]

For Your Consideration: LKQ announces new training course on replacement part considerations

Chicago, Illinois –– LKQ Corporation is excited to announce a new online training course hosted within I-CAR’s virtual training library, “Aftermarket Collision Replacement Parts Considerations.” The Aftermarket Collision Replacement Parts Considerations course was released March 2, 2021, and is designed to educate the industry on the evolution of the aftermarket collision replacement part industry. Over […]

Ecological Eyes: LKQ releases inaugural Sustainability Report

Chicago, Illinois — Yesterday, LKQ Corp. announced the release of its inaugural Sustainability Report outlining the company’s ongoing focus on responsible environmental, social and governance (ESG) practices. “We are excited to release our inaugural Sustainability Report, which signifies our commitment to further enhance our ESG practices across our global operations,” noted Dominick Zarcone, President and […]

Tuesday Ticker: February 23, 2020

Toronto, Ontario ⁠— In this week’s Tuesday Ticker, Magna shatters Q4 2020 Wall Street expectations, LKQ reports its fourth-quarter results and Toronto-based auto parts maker ABC Technologies makes its trading debut with a thinner-than-expected IPO. Magna makes moves Magna beat Wall Street expectations for its 2020 fourth-quarter net income, reporting a 68 percent increase to […]