Open in Ottawa: Copart Inc. opens new facility in Ottawa, Ontario
Ottawa, Ontario – Copart Inc., a global leader in online auto auctions, has announced that it is opening a new location in Ottawa, Ontario. The newly built facility, 300 Somme St., provides 44 acres of vehicle storage space. The site is conveniently located 15 minutes from downtown Ottawa. “Copart continues to invest in Canada by expanding […]
Tuesday Ticker: Unifor union workers prepare for potential strike; Driven Brands to repurchase US$50m in shares
Toronto, Ontario — In this weekly Tuesday Ticker, Unifor holds a strike vote for its 18,000 auto workers, while Driven Brands plans a share repurchase. Uh oh, Unifor could strike Unifor union members have voted to strike if they cannot reach an agreement with the Detroit Three—Ford, Stellantis and General Motors—before 11:59 p.m. on Sept. […]
Driving Retail: Canadian June retail sales growth led by increases in auto, auto parts sales
Ottawa, Ontario — Canadian retail sales grew ever so slightly in June (0.1 percent from the previous month), and that growth was mostly driven by car sales, according to data released by Statistics Canada last Wednesday. The gain was led by increases at motor vehicle and parts dealers (2.9 percent gain and 2.5 percent gain, […]
Supporting the Cause: Color Compass donates $5,000 to BC Wildfire initiatives
Kelowna, British Columbia — Color Compass has donated $5,000 to the Canadian Red Cross Fires Appeal and the United Way for BC Wildfire Recovery, the jobber announced via a LinkedIn post last Thursday. “It’s truly inspiring to see the dedication to making a difference in the face of such important challenges in the BC Wildfire […]
Soaps it Up: CARSTAR Canada recognizes Newmarket location for charity event
Newmarket, Ontario — Summer may be winding down, but fundraising totals are rounding up for CARSTAR Newmarket, owned by Romena and Bisram Deokinandan. In July, CARSTAR Newmarket hosted its fifth annual Soaps it Up event, a community car wash geared to raise awareness and funds to support research, advocacy and care for survivors of cystic […]
Tuesday Ticker: VinFast’s massive valuation; Rivian raises production forecast
Toronto, Ontario — This week’s Tuesday Ticker covers VinFast’s valuation increase and Rivian’s decision to up production guidances for 2023. Viva la VinFast VinFast went public on the Nasdaq last week, with a whopping US$85 billion valuation—almost twice that of General Motors or Ford, the two largest automakers in the U.S. The Vietnamese EV maker […]
Bumpers and Breakfasts: Bumper to Bumper launches nation fundraiser with Breakfast Club of Canada
Boucherville, Quebec — The Bumper to Bumper family is thrilled to announce an agreement with Breakfast Club of Canada to launch a nationwide fundraising campaign under the theme “Long Live Our Kids”. Driven by a shared commitment to our communities, this agreement reflects our common mission to foster the growth and success of Canadian children […]
On Cloud Ninety: Simplicity Car Care opens 90th collision centre
Guelph, Ontario — Simplicity Car Care has announced the grand opening of its 90th location, in Guelph, Ont., owned and operated by Joe Logal. Logal’s established presence in the Guelph community, dedication to customer service, and quality work have earned him an exceptional reputation, wrote Simplicity in its press release. Logal said he is excited […]
Tuesday Ticker: VinFast approved for Nasdaq IPO stock listing; Martinrea reports records
Toronto, Ontario — This week, VinFast gets approval to list on Nasdaq; Axalta reports its Q2 2023 results and auto parts manufacturer Martinrea doubles its adjusted net earnings compared to Q2 2022. Go for VinFast Vietnamese electric vehicle manufacturer VinFast will soon trade on the Nasdaq, following the approval of its merger into a special […]
Strong Collision Performance: AutoCanada reports Q2 results, gross profit up 14.1 percent
Edmonton, Alberta — AutoCanada reported its Q2 financials last Thursday, where it stated its parts, services and collision repair operations had a “robust performance.” Consolidated gross profit increased to $318.7 million, up 14.1 percent. The primary drivers of gross profit were higher new vehicle sales volumes and strong performances from AutoCanada’s used retail vehicle division; […]
