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Automotive market | Uni-Select is gaining momentum

The business of Uni-Select, the automotive body parts distributor, is moving faster than expected in their network of customers in Canada, the United States and the United Kingdom.

Posted September 30, 2020 at 12:11 pm

Martin Vallières
La Presse

In an update delivered to shareholders on Wednesday morning, six weeks before the next quarterly results announcement, Uni-Select management stated that “market conditions in our three segments have improved consecutively from the low point set in April. which is encouraging in the current context. ”

According to Brent Windom, President and CEO of Uni-Select,“ Our Automotive Products Canada and Parts Alliance UK business lines are returning to historic sales levels faster than the FinishMaster coating industry in the United States, which generally demonstrates the resilience of our automotive aftermarket (maintenance and repair) business.

In the stock market, investors in Uni-Select stocks appear to be very comforted by this update, which could hold back could put on several quarters of concern.

Midway through the session, the market value of Uni-Select increased significantly by more than 5% to $ 5.72 per share on the Toronto Stock Exchange.

Written by Rahis

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