Tuesday Ticker: Advance Auto Parts sells Worldpac to former Axalta owner; Canada imposes tariffs on Chinese-made EVs
Toronto, Ontario — Advance Auto Parts sells its Worldpac unit to a private equity firm and Canada announces tariffs on Chinese-made electric vehicles in this weekly Tuesday Ticker. Selling Worldpac Advance Auto Parts has sold its Worldpac unit for US$1.5 billion, the company announced last Thursday. The sale is part of Advance Auto Parts’ latest […]
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 […]
Steady Markets: AutoTrader predicts stable vehicle purchases despite changing economic outlooks for Q3, 2022
Toronto, Ontario — AutoTrader has released its latest “vehicle purchase intentions” study with one particularly surprising result—24 percent of Canadians polled expect to buy a vehicle in the third quarter of 2022, 6 percent higher than the 18 percent who expected to buy a vehicle in the third quarter of 2021. According to the study, […]
Tuesday Ticker: September 21, 2021
Toronto, Ontario — This week, the Toronto Stock Exchange (TSX) names AutoCanada to a top performers list, analysts predict record delivery numbers for Tesla in both 2021 and 2022, while Boyd Group Services announces its Q3 cash dividend. AutoCanada on top Edmonton, Alberta-based dealership group AutoCanada has been featured on the TSX30 List, which “highlights […]
Big Money; Possible Whammies: Stellantis plans to triple EV sales in 2021
Milan, Italy — Stellantis, formed from a merger between FCA and Groupe PSA, is betting big on themselves this year, announcing a plan to triple its global sales of electric vehicles this year, the head of holding company Exor, the carmaker’s main shareholder, said on Thursday. The world’s fourth largest carmaker targets global sales of […]
Western woes: Bodyshops brace for market shock after B.C. public insurer announces $1.3 billion loss last year
By CRM Staff Victoria, British Columbia — January 29, 2018 — The Insurance Corporation of British Columbia (ICBC), the public auto insurer for the province, saw losses hit $1.3 billion last year, according to expert extrapolations from a study of the first three-quarters of 2017. What this means in the longer term for B.C. bodyshops […]
Global collision repair market to grow to $196.7 billion USD by 2020
By Jeff Sanford Toronto, Ontario – November 5, 2015 — A new report from a consultancy called Radiant Insights suggests the global collision repair market will expand over the years ahead to $196.97 billion USD. According to the authors, the industry will “witness significant growth” owing to increasing number of on-road vehicles. Also spurring business […]
