North to South: Atlantic Canada’s Steele Auto Group expands into Texas
San Antonio, Texas — On Feb. 2, Steele Auto Group announced its acquisition of two Hyundai dealerships in Central Texas. Kim Day, President of Steele Auto Group says the dealerships will be rebranded as Steele Hyundai Kyle and Steele Hyundai New Braunfels, operating as a partnership with Hyundai. The dealership is about 40 minutes from […]
Consolidation Craze: Vincent Romans predicts aggressive consolidation
Las Vegas, Nevada — Vincent Romans says he’s seen more independent collision repairers considering selling their business than ever before, he told audiences at the MSO Symposium at Las Vegas’ Mandalay Bay on Monday. The managing partner of the Romans Group and publisher of an annual whitepaper on the U.S. and Canadian collision industries spoke […]
Tuesday Ticker: August 10, 2021
Toronto, Ontario — This week, Uni-Select reports its second-quarter financial results, Toyota Canada claims record-breaking July sales numbers and U.S. President Joe Biden says he plans for 50 percent of the nation’s new vehicle sales to be electric. Uni-Select says up, up and away Uni-Select reported its second-quarter financial results last week, reporting “strong market […]
The Long and Short of It: Canadian car speculations loom as U.S. inventory dips 50 percent below average levels
Washington, D.C. — U.S. vehicle inventory is down 50 percent, leading to some used cars selling for more than what they sold for when they were brand new. This raises questions on if Canada’s automotive industry will be in the same predicament later this year. Although new car inventory is down only 20 percent in […]
Beyond the Borders: Fuel efficiency a bigger factor for vehicle buyers in Canada, compared to U.S.
Toronto, Ontario — Even though we’re neighbours, Canadians seek markedly different characteristics when purchasing a new vehicle, compared to U.S. customers. According to the information found in North America’s first-quarter sales, there are vehicles that are exponentially more popular in Canada than in the United States. There are five vehicles that stick out as top […]
Canada’s fastest growing tech company goes international
By CRM Staff Toronto, Ontario – July 11, 2018 —Tech company Canada Drives has successfully expanded its operations internationally, now serving thousands of customers in both the United States and United Kingdom. Canada Drives and their group of companies help customers obtain financing for auto and personal loans. In addition, the award-winning fintech […]
Tesla counters Chinese vehicle tariffs
By CRM Staff Toronto, Ontario – July 9, 2018 — While the U.S. President’s economic team expected the international community to react in kind towards the administration’s protectionist economic policies, one OEM has become the first major corporate entity to adopt similar economic policies of their own accord – and stakeholders in Canada’s auto aftermarket […]
Tuesday Ticker: Bank of Canada hikes interest rates, Uni-Select releases earnings estimates
Toronto, Ontario — January 23, 2018 — In this week’s Tuesday Ticker, the BofC hikes rates, Uni-Select earnings estimates, Fenix Parts charts new course, and much, much more! The Bank of Canada (BOC) announced its latest interest rate hike this past week. The Canadian central bank raised rates a quarter point, the third time it has […]
Wedge Clamp opens US office with official launch party
Long Beach, California — September 11, 2015 — They came, they saw … and they were impressed. Although technically up and running since February, the official US opening of Wedge Clamp Systems came at a recent luncheon event at the company’s new Long Beach, California headquarters. A group of visitors including car dealers, collision centre owners and insurance company […]
