Market Signals: Hyundai Elantra leads top 10 light vehicle sales report for Q1 2023, says Desrosiers
Toronto, Ontario — Desrosiers Automotive Consultants (DAC) Inc. has released a new report for the first business quarter of 2023, noting “uneven recovery in supply visible across the automotive market” and significant variance in light vehicle sales performance. Among passenger cars, the Hyundai Elantra retained its leading sales position despite seeing the smallest sales decrease, […]
Up at Axalta: Revenues up nine percent year-over-year, driven by ‘higher average price’
Toronto, Ontario — Axalta Coatings posted earnings of 20 cents per share (U.S. dollars) in Q4 2022, compared with 23 cents per share in Q4 2021. In the company’s overall results for 2022, revenues were up nine percent year-over-year to US$1,236.7 million, beating the Zacks Consensus Estimates of US$1,216.6 million. According to the press release, […]
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, […]
Up at Uni-Select: Company beats analyst estimates with Q4 2021 results
Boucherville, Quebec — Uni-Select reported its financial results for Q4 2021 last Friday, noting it “ended the year on a very strong note” with sales rising 9.3 percent to $400.2 million, ahead of the $394 million analysts had anticipated. Uni-Select’s net earnings for the quarter increased by $14.1 million to $9.0 million, while adjusted earnings […]
Bag It Up: Automotive Anti-Counterfeiting Council calls on eBay to end airbag sales on site
Dearborn, Michigan — The Automotive Anti-Counterfeiting Council (A2C2) has issued a call-to-action for eBay to cease its sale of airbags and airbag components, stating that it is the “only way to prevent the sale of dangerous counterfeit airbags” on eBay.com. A2C2 said it has been working with e-commerce marketplaces like eBay since 2015, highlighting the […]
Cards on the Table: Axalta expects supply chain disruptions to cost $40 million in lost net sales
Toronto, Ontario — Constraints in the Canadian supply chain continue to put the squeeze on automotive suppliers as Axalta said that they are expecting a $40 million drop in net sales for Q3 this year. With the microchip shortage and raw material inflation a daily reality for the global automotive industry, Axalta has decided to […]
AutoHouse Technologies 2020 Canadian Benchmark Report: Sales and Gross Profit Trends
Vancouver, British Columbia — AutoHouse Technologies has released its 2020 Canadian Benchmark Report for the collision repair industry, wherein the company details sales, gross profit trends, cycle times and touch times for the Canadian autobody sector last year. Today, we take a closer look at some of the big takeaways from the report’s look at […]
HGreg, King of the Nissan: HGreg has No. 1 Nissan dealership in both Canada and U.S.
Saint-Eustache, Quebec — Closing off another glamourous award season for the North American auto industry, Quebec-based dealer network, HGreg, is excited to announce big numbers on both sides of the border as two shops under the banner have been named #1 best-selling Nissan dealerships for Canada and the U.S., respectively. Beating out a total of […]
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 […]
Lordco Annual Tradeshow set for April 1-30, online
Toronto, Ontario – Lordco Auto Parts has announced that it’s thirty-first Annual Tradeshow is a go for this April. Taking advantage of an online platform for the second year in a row, the Lordco Annual Tradeshow is set to take place over the course of the entire month of April. “We want participants to enjoy […]
