On the Road

YPA Holiday Networking Reception

Dec. 1, 2022

Toronto, Ontario

The Young Professionals in the Aftermarket hosted its annual Holiday Networking Reception at the Brickworks Ciderhouse in downtown Toronto. Canadian automotive aftermarket professionals from coast to coast were in attendance. Attendees got to mix and mingle while enjoying a wide array of snacks and hors d’oeuvres, sharing drinks and enjoying being together in person once again. Some met their peers for the first time as the reception was cancelled for two years due to the COVID-19 pandemic.

See the event reel on Instagram

By The Numbers

Stats that put the North American automotive aftermarket into perspective

10.8%

Year-to-date the increase in sales for automotive parts, accessories, and tire stores as of Q3 2022

DesRosiers Automotive Consultants

82% $37.8 billion

Car shoppers found it easy to purchase a vehicle from a dealership in November, a drop from October (84%). But more (71% to 68%) said it was easy to find the vehicle they hoped to purchase.

6.1%

Used vehicles are expected to see the lowest mark for depreciation in 2022, not including last year when used vehicles appreciated 19%.

The value of the Canadian automotive aftermarket sector is on the rebound following the pandemic. It sat at $35.4 billion in 2020 after reaching a high of $39.7 billion in 2019.

1.49

4,117

Model year 2016-2021

Honda CR-V had the most number of thefts in Canada. With 236,555 insured vehicles, 1.7% of all CR-Vs were stolen.

Équité Association million

New vehicle sales finished 2022 at a low that hadn’t been seen since 2009. Despite a promising start to the year, supply challenges slowed sales down.

DesRosiers Automotive Consultants

US$34,600

The average price of a Chevrolet Silverado jumped more than 22% in 2022, the highest among the top 10 most popular vehicles sold in the U.S.

BestBrokers

2.9

Average number of service visits for electric vehicles has outpaced service visits of internal combustion engine vehicles in the last 12 months. ICE vehicles averaged 2.3 visits.

North American Dealers Association

7.2%

The number of new vehicle registrations that were zero-emissions vehicles in the first half of 2022, which was well above the 5.2% were registered in 2021.

By Kumar Saha