New-Vehicle Transaction Prices Hit All-Time High Despite Rising Interest Rates; Sales Volume Constrained as Inventory Stays Flat
TROY, Mich.–(BUSINESS WIRE)–J.D. Power: The Retail Sales Forecast New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% decrease compared with June 2021 when […]
CarMax Reports First Quarter Fiscal 2023 Results
RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2022. Highlights: Enabled online self-progression capabilities for all of our retail customers. Net revenues of $9.3 billion, up 21.0% compared with the prior year first quarter. Sold 427,257 units through our combined retail and wholesale channels, down 5.5% versus the […]
Seed Funding: One hundred Sask. high school graduates to receive skilled trades scholarship
Regina, Saskatchewan — One hundred Saskatchewan high school graduates are getting a little help on their way to careers in the skilled trades, as the province announced on Friday that scholarships are on the way to the would-be apprentices. The Saskatchewan Apprenticeship and Trade Certification Commission (SATCC) announced that Saskatchewan Youth Apprenticeship (SYA) Industry Scholarships […]
Riding the Dream: Milton, Ontario High school students transform bus into lush living space
Milton, Ontario – Environmental innovation has become a popular focus of society at large. As such, it has found a home in the creative minds of highschoolers at Bishop Reding Catholic Secondary School in Milton, Ontario. “It’s inspiring what a bunch of students can build together,” says Matthew Lim, former graduate from BRCSS. The innovation […]
Taking Stock: Balancing business and empathy post-collision
Toronto, Ontario — There’s never a shortage of talk in our industry, from new product launches to repair procedure updates and rants about labour rates, but for just one moment, join us in taking a step back to talk about what is truly the most important feature of a collision repair facility—the customer. Regardless of […]
Speaking with SATA: Florian Kaiser, CEO, and Joerg Goettling discuss experience at IBIS Global Summit
Monte-Carlo, Monaco — From June 15 through June 17, international delegates of the global collision repair industry were in Monaco for the annual IBIS Global Summit. Spectators were treated to comprehensive presentations on the global state of our industry, networking opportunities and the most picturesque views the French Riviera has to offer. Collision Repair mag […]
Sick and Tire-d: Toyota, Subaru EVs face recalls over fear of loose wheels
Toronto, Ontario- In what’s being called an “embarrassing” development by CLSA analyst Christopher Richter, Toyota and Subaru have recalled over 5000 vehicles worldwide over concerns of loose wheels. These wheels have the potential of detachment. This can occur when drivers engage in hard braking and/or sharp turns, due to a loosening hub bolt. The models […]
GO GO GO: Metrolinx warns of impatient drivers with shocking safety PSA
Toronto, Ontario – Sometimes, we all make difficult decisions. We reach a fork in the road; a turning point meets us. A watershed moment arises, and the decision reaches critical mass. Unfortunately, for one driver, their decision resulted in ending up in front of a moving train; the driver was literally at a crossroads in […]
EV/AV Report: June 27, 2022
Toronto, Ontario — In today’s EV/AV report, General Motors makes the first delivery of electric vans for Fedex’s new fleet, Tesla hikes prices for some of its most popular EVs and a Canadian OEM announces a battery EV designed for the Canadian winter. Vans on Volts On June 21, FedEx announced that the company received […]
