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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 […]

Tuesday Ticker: AutoCanada marks ‘record-setting’ quarter; Toyota teases new Prius, despite low model sales

Toronto, Ontario ⁠— In this weekly Tuesday Ticker, AutoCanada reports its Q3 financial results, adding more than $45 million in acquisitions to its portfolio. Meanwhile, Toyota teases the fifth-generation Prius amid decreasing global sales numbers, and Volkswagen crosses a finish line far earlier than planned.  ‘Another record-setting quarter’ AutoCanada reported financial results last Wednesday, marking […]

Can You Believe This?! November 4, 2022

Toronto, Ontario — Wake up, grab a cup o’ joe and indulge in this weekly Can You Believe This?! clip from Collision Repair mag. Featuring barely-there tire tread, super lit gas stations, double-decker catastrophes and much, much more!

Welcomes of the Week: CSN Midtown in Windsor, Ont.

Markham, Ontario — CSN Midtown located in Windsor, Ontario is the latest repairer to join the CSN network, the company announced last week. CSN Midtown is owned and operated by one of CSN’s long-standing MSOs, Joe Di Carlo and Vince Paesano, who also own CSN JJ Dominion and CSN Riverside in Windsor. Formerly known to […]

Third Quarter Gains: Driven Brands reports Q3 earnings, revenues up 39 percent YOY

Toronto, Ontario ⁠— Driven Brands reported its third-quarter earnings for 2022 yesterday, where the company reported a 39 percent increase in its revenue (year over year) to US$516.6 million. The paint, collision and glass segment accounted for approximately 22 percent of company revenue of $113.3 million. Driven Brands reported a net income of US$38.4 million⁠, […]

At the Peak: Simplicity Car Care recognizes top performing franchisees at first annual awards

Toronto, Ontario —  To celebrate another year of growth, Simplicity Car Care hosted its first annual awards ceremony to honour its top performers across the country. To Simplicity, it’s about more than sales; the company takes time to honour owners and staff—known as Simplifiers—for leadership, customer satisfaction, and their impact on the community. The award […]

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