OpenRoad receives business award for growth, profitability & innovation

Written by Auto Remarketing Canada Staff (March 21 – 2017)

For the fifth year in a row, OpenRoad Auto Group announced that it has been honored with a Gold standard requalification as part of Canada’s Best Managed Companies program, which recognizes Canadian owned and managed companies with revenues above $15 million that demonstrate strategy, capability and commitment to achieve sustainable growth.

“It is a great honor to receive this prestigious gold standard designation once again,” Christian Chia, president and chief executive officer of OpenRoad, said in a news release. “It’s validating to be recognized for the continued efforts of our entire team to ensure that we remain one of the premier dealership groups in Canada.”

The Canada’s Best Managed Companies program has recognized successful businesses since it was established in 1993 and has become one of the country’s leading business awards programs, according to OpenRoad.

Award candidates were evaluated by an independent judging panel comprised of executives from Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums, according to OpenRoad.

“It’s more than just financial performance,” Deloitte’s Peter Brown and co-leader of Canada’s Best Managed Companies said. “The ingredients to success also include overall business performance and sustained growth. It takes dedication and commitment from the entire organization.”

On April 19, recipients of Canada’s Best Managed Companies award will also be honored at the annual Canada’s Best Managed Companies gala in Toronto.

New dealership opens

In the past year, OpenRoad announced it opened three new dealerships and acquired Bentley, Lamborghini and Rolls-Royce in Bellevue, Wash.

The new stores include OpenRoad Volkswagen, OpenRoad Audi Boundary and OpenRoad Hyundai Boundary.

The latter is a Hyundai store in downtown Vancouver  andis the newest addition to Hyundai’s expanding Global Dealership Space Identity program (GDSI) that is being rolled-out throughout the country and globally, according to Openroad.

This store, in addition to OpenRoad Hyundai Richmond, are the first Hyundai dealerships in OpenRoad’s portfolio.

“We are pleased to bring the first GDSI Hyundai dealership and a landmark new facility that represents the maturing of the Hyundai brand to Vancouver,” Christian Chia, dealer principal of OpenRoad Hyundai Boundary, said in a news release. “The entire OpenRoad Hyundai Boundary team worked exceptionally hard to open the doors and we’re excited to be able to serve the Hyundai community at this incredible new state-of-the-art facility.”

OpenRoad Hyundai Boundary, which is a $2 million and 30,000-square-foot facilities, has become one of the premiere automotive facilities in the region, according to the company.

“With the GDSI program, Hyundai dealers coast-to-coast are raising the benchmark for what a modern, welcoming dealership can be,” Don Romano, president and chief executive officer for Hyundai Auto Canada Corp. said in a news release. “OpenRoad Hyundai Boundary is an immaculate facility that showcases the stylish, high-quality, well-equipped Hyundai vehicles in our line-up. I would like to congratulate the entire team at OpenRoad Hyundai Boundary for their successful opening.”

Additionally, the new facility is dressed with a new vehicle showroom that displays 12 vehicles indoors, 18 bays to service customer vehicles along with a service drive-thru, car wash, and indoor vehicle delivery area.

Currently, OpenRoad said it has more than 900 associates and represents 17 brands at 20 full-service car dealerships.

 

To view the original article visit: 

http://www.autoremarketing.com/arcanada/openroad-receives-business-award-growth-profitability-innovation 

OpenRoad Auto Group honoured for fifth year in a row as one of Canada’s Best Managed Companies

RICHMOND, B.C. (March 14, 2017) – OpenRoad Auto Group has been honoured with a Gold standard requalification as part Canada’s Best Managed Companies program for the fifth year in a row. The 2017 Canada’s Best Managed Companies program recognizes the best-in-class of Canadian owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth.

Established in 1993, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Winners are an important engine of economic growth for being adaptable and sustainable in a global market. Applicants are evaluated by an independent judging panel made up of executives from Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. Best Managed Companies share commonalities that include an emphasis on culture and people, innovation, sustained performance, and strong financial results.

“It’s more than just financial performance,” said Peter Brown, Deloitte and Co-Leader, Canada’s Best Managed Companies Program. “The ingredients to success also include overall business performance and sustained growth. It takes dedication and commitment from the entire organization.”

OpenRoad Auto Group continues to demonstrate leadership in the areas of growth, profitability, and innovation as B.C.’s largest volume dealership group by employing new technologies and programs that improve the overall customer experience and maintain one of the highest employee retention rates in the industry. In the past year, OpenRoad has opened three new dealerships including OpenRoad Volkswagen, OpenRoad Audi Boundary and OpenRoad Hyundai Boundary, in addition to acquiring Bentley, Lamborghini and Rolls-Royce in Bellevue, Washington.

“It is a great honour to receive this prestigious gold standard designation once again,” said Christian Chia, President and CEO of OpenRoad Auto Group. “It’s validating to be recognized for the continued efforts of our entire team to ensure that we remain one of the premier dealership groups in Canada.”

2017 winners of the Canada’s Best Managed Companies award, along with Requalified, Gold Standard, Gold Requalified winners and Platinum Club members will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 19, 2017. On the same date, the Best Managed symposium will address leading-edge business issues that are key to the success of today’s business leaders.

A complete list of Best Managed winners, Requalified winners, Gold Standard winners, Gold Standard requalified winners and Platinum Club winners is available at www.bestmanagedcompanies.ca 

 

For further information, please contact:

bestmanagedcompanies@deloitte.ca

www.bestmanagedcompanies.ca

 

About Canada’s Best Managed Companies

Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $15 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on five levels: 1) Best Managed winner (one of the new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully reapplied for the designation); 4) Gold Requalified member (Gold Standard winners may requalify for two additional years, subject to annual operational and financial review); 5) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.

 

About OpenRoad Auto Group

OpenRoad Auto Group is B.C.’s largest automotive dealership group with over 900 associates representing 17 quality automotive brands at 20 full-service car dealerships. Established In 2000, OpenRoad Auto Group offers car buyers and owners an experiential automotive retail service. With sales and service in multiple languages, OpenRoad Auto Group encourages a car buying experience based on openness, participation and expertise. OpenRoad is proud to be one of Canada’s Best Managed Companies, a CADA Laureate, and the recipient of multiple Canadian Best Employer Awards. openroadautogroup.com

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MEDIA CONTACT: 

Tanis Sullivan

(604) 230-8008

tanis@tanissullivan.com