On the Road

Bestbuy Gala Dinner & Warehouse Trade Event

May 5-6

Toronto, Ontario See

Bestbuy Distributors annual Gala Dinner and Warehouse Trade Event was marked by the 70th anniversary of the company. As usual, Bestbuy presented a cheque to Toronto’s The Hospital for Sick Children (commonly referred to as SickKids) for $15,775. Bestbuy recognized milestone members and handed out partner awards. Then, it hosted its trade event the next day for members to meet with vendors at its warehouse in Mississauga

By The Numbers

Stats that put the North American automotive aftermarket into perspective

10.5% 59%

An analysis of the automotive industry found that the aftermarket saw sales jump despite “somewhat modest growth” to start the year.

DesRosiers Automotive Consultants

A majority of Canadians said that increased prices will delay their vehicle purchase. Of those, 44% said they’ll delay at least a year; 28% say two years.

Canadian Black Book

96%

Vehicle sit idle for the vast majority of the year despite Canadians paying $5,000 a year to have the vehicle.

Turo

$100.84

It cost Canadians nearly 11 per cent more on average to fill up their gas tank as gas prices in 2022 compared to 2021 when it cost an average of $90.90.

12.5

Average age of light vehicles in the United States hit a record high. It’s the sixth straight year that number has gone up.

33%

Financial pressures will likely push Canadians to keep their car parked entirely or limit road trips this summer. Tire

S&P Global Mobility

$51,700

The average light truck cost $5,000 more in 2022 than the year before. A passenger vehicle comes in at $41,800 on average.

DesRosiers Automotive Consultants