Topic
Economy and Politics

       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,…

       News Association NewsEconomy and Politics

ASA survey finds optimism in mechanical sector, less so in collision
June 12, 2020 by Allan Janssen

About 70% of mechanical shops surveyed by the Automotive Service Association (ASA) in May believe business will improve over the next 60 days. Less than 10% believe it will continue to slow down. That’s in stark contrast to the collision…

       News Economy and PoliticsIndustry TrendsSupplier News & Announcements

Index confirms sharp manufacturing downturn in May
June 3, 2020 by Allan Janssen

  PMI at second-lowest level since survey began in October 2010 Rate of decline in manufacturing output eases from April’s survey record Steep drop in employment reported during May May data were collected 12-22 May 2020. Canadian manufacturers signalled another…

       News Association NewsCovid-19Economy and Politics

AIA survey reveals depth of coronavirus impact
May 14, 2020 by Allan Janssen

The vast majority of aftermarket businesses in Canada have suffered business disruption as a result of the coronavirus pandemic, according to a survey conducted by the Automotive Industries Association of Canada. Fully 94% of respondents to the survey reported some…

   Feature Economy and Politics

Recent events could accelerate ‘near-sourcing’ trend: Panel
May 13, 2020 by Allan Janssen

  By Allan Janssen The coronavirus pandemic could accelerate a fledgling trend of near-sourcing by automotive component suppliers, according to well-placed panelists at the Automotive Aftermarket Suppliers Association’s recent Vision conference. The conference, held online over two days in April,…

       News Auto Repair & ServiceEconomy and PoliticsLead Story

Consumer behaviour study offers good news for aftermarket
May 12, 2020 by Allan Janssen

If the sale of auto parts and service during the Great Recession of 2009 is any predictor of what will happen during the current market downturn, independent shops should expect to fare better than dealerships. According to a new report…

       News Economy and PoliticsOE newsVehicle Technology

Carmakers met 2018 GHG targets, EPA concludes
May 11, 2020 by Allan Janssen

The average estimated CO2 emission rate for all model year 2018 vehicles in the U.S. fell by 4 grams per mile to 353 g/mi – the lowest ever measured. The U.S.-based Environmental Protection Agency (EPA) released its latest findings on…

       News Association NewsEconomy and Politics

AASA launches new service for laid-off aftermarketers
May 8, 2020 by Allan Janssen

The Automotive Aftermarket Suppliers Association (AASA) has introduced a new membership category, designed to aid those who have been laid off during the current pandemic. “The Networking Member category is designed for those in our industry who are transitioning between…