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Economy and Politics

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Industry watchers offer positive outlook
November 5, 2020 by Allan Janssen

    Industry executives participating in the Virtual AAPEX Experience struck a positive note when asked to comment on the future of the automotive aftermarket on Tuesday. In a session called “What to Expect on the Road Ahead,” aftermarket leaders…

       News Economy and PoliticsNews OdditiesVehicle Technology

Canada investing in wood-based automotive parts
October 19, 2020 by Christine Hogg

Soon enough, automotive parts could be made of wood. On Oct. 16th, Canada’s Minister of Natural Resources announced $1.2 million to GreenNano Technologies Inc., a company based in Toronto, to scale up production of a new lightweight wood-fibre–based composite material to create automotive…

       News Economy and Politics

April and May could have been nadir for job loss: DesRosiers
September 11, 2020 by Allan Janssen

    The pandemic has cost many Canadians their jobs. In the automotive world, new car dealerships were particularly hard hit in April, with employment down by more than 60,000 or 38% from 2019. DesRosiers Automotive Consultants reports the high…

       News Consumer trendsCovid-19Economy and Politics

Canadian spending more, but still cautious
August 20, 2020 by Allan Janssen

Canadian optimism has remained steady during COVID-19, with most Canadians uncertain about an economic recovery, according to a report from McKinsey & Company. Canadian consumers are uncertain about the economy and the duration of the COVID-19 crisis. Though more consumers…

       News Economy and PoliticsMarket Research & Statistics

Manufacturing recovery gains momentum in July
August 13, 2020 by Allan Janssen

Canadian manufacturers signalled a rebound in production volumes and new work in July, led by improving customer demand as more parts of the economy reopen after stoppages during the coronavirus 2019 (COVID-19) pandemic. At 52.9 in July, up from 47.8…

       News Economy and PoliticsMarket Research & Statistics

Used vehicle prices continue to stabilize: Black Book
August 12, 2020 by Allan Janssen

Big ticket items are increasing in price as consumer confidence continues to rise, according to Canadian Black Book. August has continued the relatively stable wholesale price trends from July. This past week, Canadian Black Book’s analyst team noted that the…

       News Association NewsEconomy and PoliticsLead StoryLegislation Regulations

AIA optimistic about mandatory shop certification in Ontario
August 4, 2020 by Allan Janssen

Association sees ‘promising signs’ for certification of Ontario collision shops on horizon.

       News Economy and Politics

Transportation and warehousing sector down 23.1% in April: StatsCan
July 6, 2020 by Allan Janssen

Statistics Canada is reporting that real gross domestic product in Canada dropped 11.6% in April, following a 7.5% decline in March. April marked the first full month of measures put in place to slow the spread of Covid-19. The transportation…

       News Economy and PoliticsLead Story

Manufacturing PMI hits four-month high in June
July 6, 2020 by Allan Janssen

  Business expectations continue to rise from the lows recorded in April 2020. The latest data in IHS Markit Canada’s Manufacturing Purchasing Managers’ Index provided signs of a turnaround in momentum across the Canadian manufacturing sector. The seasonally adjusted PMI…

       News Economy and Politics

Canada set to push back on new aluminum tariffs
June 25, 2020 by Allan Janssen

Treasury Board president Jean-Yves Duclos said federal officials will push back against any new protectionist effort by Donald Trump to impose tariffs on steel and aluminum, making the case that Canadian aluminum is no threat to the American market. Duclos…

       News Economy and PoliticsLead StoryMarket Research & Statistics

Total U.S. aftermarket forecast to decline 8.8%
June 12, 2020 by Allan Janssen

Total U.S. automotive aftermarket sales are forecast to decrease 8.8 percent in 2020 as a result of the impact of the Covid-19 pandemic and related factors, according to the “2020 Joint Channel Forecast Model” produced jointly by the Automotive Aftermarket…

       News Economy and PoliticsMarket Research & Statistics

Q1 retail sales figures tell the story of Covid-19
June 12, 2020 by Allan Janssen

Retail sales at automotive parts, accessories, and tire stores fell 4.2% in the first quarter of 2020, according to DesRosiers Automotive Consultants. The 10.4% drop in business in March was mitigated by positive sales numbers in January and February. Overall,…