Fenix Parts reports loss, but improved business
By Jeff Sanford Toronto, Ontario — July 5, 2016 — Auto recycling conglomerate Fenix Parts has announced its first quarter 2016 results this past week. While the company reported a loss, the underlying business seems to be doing well. The company recorded a net loss of $41 million for the quarter, or $1.97 per share. […]
OARA Employee Scholarship Program now accepting 2016 applications
London, Ontario — April 6, 2016 — The Ontario Automotive Recyclers Association (OARA) is inviting applications for its 2016 OARA Employee Scholarship Program. This year, the organization has has generated over $22,700 to help fund scholarships. The Scholarship Program generates funds from a number of sources, all culminating at the OARA Conference (for more on […]
Grants in Gear returns for 2016
London, Ontario — April 6, 2016 — Eight organizations across Canada have benefitted from the Grants in Gear program so far, and the next year will bring these benefits to even more organizations. The Automotive Recyclers of Canada (ARC) has partnered with Scout Environmental to offer Grants in Gear for a third year. program will […]
Ransomware cyberattacker did not pretend to be Car-Part.com employee
By Mike Davey Hamilton, Ontario — March 14, 2016 — A recent “ransomware” attack on an automotive recycler has increased concerns about cybersecurity in the automotive aftermarket. Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid. Usually the demand is accompanied by […]
Recent increase in global scrap steel prices
Toronto, Ontario — March 9, 2016 — Good news for automotive recyclers: there’s been an unexpected upturn in ferrous scrap prices recently. A number of experts have weighed in on whether the price bump will last. The price increase is quite recent and follows numbers in January that showed a decline in world steel production. […]
Automotive Commodity Exchange and MCI Cores announce merger
St. Louis, Missouri — February 24, 2016 — Automotive Commodity Exchange (ACE) and MCI Cores (MCI) have signed a definitive merger agreement. This agreement combines the collection, harvesting, and distribution of “big” automotive cores and commodities processed by ACE with that of the “small” automotive cores and commodities processed by MCI. “Big” automotive cores encompass […]
Hollander’s InPart to power online parts market
By Jeff Sanford Plymouth, Minnesota — February 24, 2016 — The advent of online marketplaces has changed many industries. This has been true in the case of providers of recycled parts in North America, but get ready for the next level of connectivity in the parts market. In a recent conversation with Canadian Auto Recyclers magazine, […]
Conquest Solutions launches SmartCycle analytics tool
Buffalo, Wyoming — February 10, 2016 — Conquest Solutions, a corporation owned and managed by auto recyclers, has announced the launch of its SmartCycle complete business analytics tool. Current business management systems provide recyclers with a vast amount of data and information. However, the amount of time and resources required to sort through and analyze […]
Impact Auto Auctions’ Edmonton facility holds first auction
Mississauga, Ontario — February 10, 2016 — Impact Auto Auctions has announced the opening of the first phase of its new Edmonton area facility, located at 26419 Twp. Road 525A in Acheson, Alberta. The company has begun to direct all Edmonton area assignments and Early Tow and Appraisal (ETA) Vehicles to the site, where business […]
Glen Murray to speak at 2016 OARA Convention
By Mike Davey Toronto, Ontario — February 10, 2016 — Glen Murray, Ontario’s Minister of the Environment and Climate Change, will lead off the slate of speakers at the 2016 OARA Convention & Trade Show. The event takes place March 18 and 19 at Markham Suites Conference Centre in Markham, Ontario. Although the event is […]
