Company notes price increases paved the way for higher organic growth in sales numbers
The Canadian Automotive Group of Uni-Select closed out last year with sales up more than 11 per cent.
The Canadian dollar’s “unfavourable fluctuation” compared to the American greenback was about 4 per cent — so taking that out of the equation, sales were up $83.3 million or 15.4 per cent in 2022.
The company reported that much of the growth — 11 per cent overall — was organic and mainly driven by price increases. Acquisitions also helped fuel growth.
Price increases, a favourable product mix and higher sales offset losses caused by the depreciation of the Canadian dollar last year. The company was also hit by higher delivery and travel costs.
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