With a lack of new vehicles available, consumers are turning to the used market. But can demand keep up with supply? Yes, and it has been doing that quite well, reported Todd Campau, global aftermarket solutions associate director with IHS…
It was almost just like old times. After two years apart, much of the automotive aftermarket reunited in Las Vegas to take part in AAPEX and the SEMA Show. For many, it was their first trade event since the global…
If you’re debating whether your shop should offer customers fewer touchpoints going forward or instead go all-in on having deeper relationships, you’re looking at the situation the wrong way, an expert advised. It doesn’t have to be an either/or scenario,…
The biggest challenge for supply chain leaders in the automotive aftermarket is the unknown. That is, unknown around when shipments will move, unknown about what problems will pop up next and unknown as to when things may start to get…
Challenges from the global pandemic and raw materials shortage didn’t stop Liqui Moly from posting higher revenue and sales. The company announced that it has seen a 26 per cent growth in sales and its revenue up 75 per cent…
Pandemic-related restrictions have loosened and vaccination rates are increasing. But COVID case numbers are increasing as experts confirm we’re in a fourth wave. Here’s what jobbers have been doing to keep staff and customers safe ALMOST TWO-THIRDS of Canadian…
The Delta variant of COVID, inflation, unemployment and remote work are some of the major challenges that will hold back the automotive aftermarket from seeing major gains in the aftermath of the global COVID-19 pandemic, according to an industry observer.…
One half of the biggest automotive aftermarket events of the year has taken a major step forward in ensuring attendee safety. SEMA, meanwhile, is still considering its options
Be aware of company guidelines, avoid trying to find a “fair” solution and steer away from thinking of individuals at the expense of the team, recommends a business strategist If your business is navigating a plan to assure a safe…
As of December 2020, ninety-one percent of independent automotive repair shops reported a decrease in revenue this year, according to a new report by IMR. 18.5% of shops report they have returned to ‘normal’ revenue levels while 1.3 per cent…
In their latest weekly COVID-19 weekly market report, Canadian Black Book reports that Canadian wholesale vehicle prices for cars and trucks declined for the sixth week in a row. As of midnight, Monday November 23, in Ontario both Toronto…
At the beginning of 2020, the world was hit with COVID-19 and thus, a global pandemic ensued. People started to become more aware of sanitizing and disinfecting surfaces to keep themselves safe from the virus. Nowadays, wearing a mask…