2023 finished off with some major news: O’Reilly Automotive announced it had acquired Groupe Del Vasto, which operates Vast-Auto Distribution. We spoke to a few industry experts about the implications of the deal. One of them was Kumar Saha, a…
The hope is Canada will see interest rates start to fall later this year, an economist told a room full of automotive professionals. Specifically, it won’t be until at least the second quarter of 2024, said Thomas Feltmate, senior economist…
The automotive aftermarket — and the automotive industry as a whole — is going through significant transformation. Greater electronic components and sensors are pushing through change while hybrid and battery electric vehicles are bringing potential upheaval to the sector as…
Small businesses in Canada missed over $38 billion in revenue opportunities last year because they had to turn down or postpone contracts or sales due to labour shortages. This is the finding of a new report by the Canadian Federation…
Another Canadian automotive aftermarket distributor has been sold to an American company. O’Reilly Automotive, based in Springfield, Missouri, announced yesterday that it had acquired Montreal’s Groupe Del Vasto, which operates as Vast-Auto Distribution. O’Reilly agreed to a stock purchase agreement…
A loaner vehicle and building the cost of having one into your shop’s pricing structure can become a profitable strategy, according to a former shop owner. Fred Hules, who sold his shop and now is an industry coach with the…
The automotive aftermarket needs to build a better customer service experience. It needs to be more of a customer-centric process, according to an industry expert. One, a customer should be able to do business with you whenever, wherever and however…
As more Canadians choose an electric vehicle as their next vehicle, gas stations may face some significant challenges, according to an industry observer. S&P Global Mobility’s Canadian Automotive Insights for Q3 showed battery electrics made up 10 per cent of…
Fraud can easily run rampant in your shop if you’re not regularly watching out for it. And it’s a serious mistake to think you can trust everyone who works with you, industry experts said. In just the last few years,…
The automotive aftermarket’s labour shortage has doubled from one year to the next and is projected to worsen. The talent gap doubled from 2021 to 2022, and a new AIA Canada report estimates the industry could be short 4,000 technicians…
For a group that is less team-focused, what strengths can you extract?
Many sales advisors make the mistake of delivering the price to the customer … and then leave them in stunned silence. Tom Amero, certified elite trainer at Elite, a training company that works with the automotive aftermarket, calls it a…