An LOR Lowdown: Q2 2024 length of rental down slightly from Q2 2023, says Enterprise
Ottawa, Ontario — The Canada-wide length of rental (LOR) for collision-related rentals in Q2 2024 was 15.5 days, marking a 1.3-day decline from the same quarter of 2023 but an increase compared to pre-pandemic levels, according to Enterprise’s most recent LOR report. Alberta reported the highest LOR at 17.3 days, a 0.3-day increase. It was […]
Restore the Star: CARSTAR staff, owners and industry partners discuss strategies for driving growth, maximizing profitability
Toronto, Ontario — In a powerful gathering in Toronto, an elite group of CARSTAR owners and managers from across the nation convened to chart the course for the future. This strategic summit, dubbed ‘Restore the Star’, brought together some of the brightest minds in the CARSTAR family and key industry partners, all focused on one […]
Hunger Pains: Intact says its ‘appetite’ in Alberta auto insurance market reducing
Edmonton, Alberta — Intact Financial Corp says its appetite for Alberta auto insurance business is “reducing” in light of the provincial auto insurance rate cap. During a Q2 2024 earnings call, Intact CEO and Director Charles Brindamour said Alberta’s “artificial cap that is below inflation” makes it “very hard for the industry.” “As a result, […]
Going For Gold: Car-O-Liner to act as a gold sponsor for the WorldSkills Lyon 2024 trades competition
Lyon, France — Car-O-Liner will serve as a gold sponsor for the WorldSkills 2024 competition, to be held from September 10 to 15, 2024 in Lyon, France. As a gold sponsor of the event, Car-O-Liner will specifically support the autobody repair skill competition, and several Car-O-Liner products will be used by the competitors during the […]
Towing Toils: New provincial tow regulations limiting training and service capacity, say Northern Ontario operators
Ottawa, Ontario — Tow operators in Northern Ontario have reported complications with the new industry requirements imposed on July 21, 2024, that require service testing not readily available in the region. Some tow operators in Northern Ontario originally reported to CBC News that they have been struggling to hire new drivers to assist with roadside […]
Growing Vast: Vast-Auto Distribution announces three new locations
Montreal, Quebec – Vast-Auto Distribution has announced the addition of three new Parts City Auto Parts company-owned stores in Mount Pearl, St. Johns and Bay Roberts, Nfld. The company is a wholly owned subsidiary of O’Reilly Automotive Inc., and a leading auto parts supplier in the Canadian automotive aftermarket industry. Mauro Cifelli, president of Vast-Auto […]
Bosch Diagnostics launches ADS X 6.0 software update introducting new topology view, faster scan times, new features
Illinois, United States — Bosch says its ADS X series scan tool owners now have access to new software features, faster scan times, and expanded vehicle coverage through the new 6.0 software update. New software features include a Topology View and battery voltage indicator for improved diagnostic efficiency. “Our goal for each ADS X scan […]
Surplus Surges: Desjardins reports 152 percent increase in insurance surplus earnings for Q2 2024
Toronto, Ontario — Desjardins Group has released its Q2 2024 results, which report a 152 percent increase in its insurance operations when compared to Q2 2023. The combined surplus earnings from the wealth management, life and health insurance and property and casualty insurance segments totalled $531 million in Q2 2024, in comparison to the $211 […]
Rail Delays: Potential Canadian railway strike could impact auto parts shipments
Ottawa, Ontario — Canada’s two largest railways could initiate strike action as soon as this Thursday, potentially impacting shipments of automobiles, auto parts, chemicals, agricultural products and more. The Canadian Pacific Kansas City and Canadian National railroads handle about 40,000 carloads of freight every day. Both companies’ labour agreements expired at the end of 2023; […]
Tuesday Ticker: AutoCanada reports Q2 2024 financial results; Rivian pauses Amazon van production
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada announces its Q2 2024 results and says it’s performing a “strategic review” of its non-profitable and non-core operations, while Rivian stocks dip due to a production pause. About AutoCanada AutoCanada’s Q2 2024 total sales decreased 8.8 percent year-over-year, and the company is performing a “strategic review” […]
