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How Canadians plan to spend their money in 2024
January 2, 2024 by Adam Malik

Nearly a third of Canadians are planning to cut their spending this year as economic concerns continue to sit top of mind. A special report from the BMO Real Financial Progress Index revealed that 30 per cent of Canadians are…

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Details and reaction for Canada’s EV update
December 22, 2023 by Adam Malik

The federal government laid out its plan to remove gas-powered vehicles from the vehicle fleet in Canada but some are raising red flags about the path to get there, including those in the automotive aftermarket. Environment Minister Steven Guilbeault announced…

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What to consider in times of transformation
December 22, 2023 by Adam Malik

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…

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Young pros celebrate the season
December 22, 2023 by Adam Malik

Members of Young Professionals in Auto Care gathered in Toronto to celebrate the holidays. The group, part of the Automotive Industries Association of Canada, got together at the Amsterdam BrewHouse near the waters of Lake Ontario. They mixed, mingled and…

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What’s holding vehicle owners back from repairs?
December 21, 2023 by Adam Malik

And what age group is most likely to visit an independent service provider?

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Toronto’s auto show announces 2024 plans
December 21, 2023 by Adam Malik

The Canadian International AutoShow in Toronto is set to return in a few months. Organizers announced plans for what visitors can expect. Last year was the third-highest show ever — the first since the pandemic cancelled the event for the…

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What experts have to say about the O’Reilly-Vast deal
December 20, 2023 by Adam Malik

The news that the Del Vasto family will sell their business to a U.S. giant has the Canadian automotive aftermarket talking. On Monday, O’Reilly Automotive announced it had agreed with Groupe Del Vasto shareholders to buy all of the company’s…

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New car sales accelerate in November
December 20, 2023 by Adam Malik

The streak of higher new vehicle sales continued last month — and at a higher pace than we’ve seen all year. DesRosiers Automotive Consultants reported sales of more than 138,000 units in November, up 21 per cent from the same…

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How much money is being lost due to labour shortage
December 20, 2023 by Adam Malik

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…

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Vast-Auto being acquired by O’Reilly
December 19, 2023 by Adam Malik

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…

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Specialists, dealers taking traditional shop market share
December 19, 2023 by Adam Malik

Standalone service stations and garages are losing do-it-for-me business at a rapid pace, a recent report warned. Dealers, repair specialists and foreign specialists are scooping up their business amid a stronger push for customers as consumer preferences change. “Light vehicle…

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How a loaner can boost your business
December 19, 2023 by Adam Malik

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…