RICHMOND, B.C. (March 5, 2020) – OpenRoad Auto Group has been named one of Canada’s Best Managed Companies for the eighth year in a row with the prestigious Platinum Club award, the program’s highest level of corporate recognition for the second consecutive year. The 2020 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over $25 million demonstrating investment in talent and technology, innovation in a competitive environment, and an increased focus on global competition. Now in its 27th year, Canada’s Best Managed Companies remains one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.
“Throughout the program’s 27-year history, thousands of private companies have competed for this designation,” said Peter Brown, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “This year’s winners have proven that they are continually and deliberately pushing boundaries; they are competitive about their place on the world stage. This is evident in their unwavering commitment to clear and concise strategies, their capability to clearly prove and articulate their sustained competitive advantage, and their commitment to the lifeblood of their organization: their people, with specific focus on developing next gen leaders.”
OpenRoad currently employs over 1,600 associates with one of the highest employee retention rates in the industry. The company owns and operates 33 full-service retail locations, including 26 B.C. dealerships, three collision centres, and four luxury automotive brands in Bellevue, Washington. Openroad represents 22 brands including Audi, BMW, Porsche, Jaguar, Land Rover, Infiniti, Lexus, Volkswagen, Hyundai, Mazda, Honda, Subaru, Toyota, Hyundai, Genesis, MINI, Karma, McLaren, Lamborghini, Bentley and Rolls-Royce, in addition to OpenRoad Exotics.
In 2020, OpenRoad is celebrating 20 years of business, and most recently, kicked off year-long festivities to mark the occasion with a new charitable program valued at $500,000 that will benefit a range of local non-profit organizations chosen by staff and customers. Since OpenRoad Auto Group was founded in 2000, the company has actively contributed to hundreds of organizations through the OpenRoad Cares program. The 20th anniversary charity initiative will be an extension of that program but will differ by empowering customers and staff to choose which local organizations within five regions of Metro Vancouver and the Fraser Valley will benefit.
OpenRoad Auto Group also continues to demonstrate leadership in the areas of automotive retail growth, profitability, and innovation as B.C.’s largest volume dealership group by employing new technologies and programs that improve the overall customer experience. Through new programs like Portfolio by OpenRoad, Canada’s first luxury car subscription service; OpenRoad’s Payment Engine, an innovative digital platform that allows customers to search for new and used cars by payment level; and Club OpenRoad, the company’s successful customer loyalty program offering discounts and access to member-only events.
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2020 Best Managed companies share commonalities that include (but are not limited to) a clear and concise strategy, capability to invest in R&D, tools and proprietary equipment, and a strong emphasis on corporate social responsibility.
2020 winners of the Canada’s Best Managed Companies award will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 1, 2020. 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.
The Best Managed program is sponsored by Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group. A complete list of the 2020 Best Managed winners, Requalified winners, Gold Standard winners, Gold Standard requalified winners and Platinum Club winners is available at www.bestmanagedcompanies.ca
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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 $25 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 four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their 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 retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.
About OpenRoad Auto Group
OpenRoad Auto Group is B.C.’s largest automotive dealership group with over 1,600 associates representing 22 quality automotive brands at 33 full-service retail locations, including 26 B.C. dealerships, three collision centres, and four luxury automotive brands in Bellevue, Washington. 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. With a focus on transparent and innovative business practices, OpenRoad associates are empowered in their roles in order to establish lifelong relationships with car owners. The company’s corporate philosophy is rooted in Unlimited Possibilities Ahead for their clients, their associates and partners. 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
Tanis Sullivan Communications