OpenRoad Auto Group wins Canadas Best Managed Companies award for the ninth year in a row
May 5, 2021 (Richmond, B.C.) - OpenRoad Auto Group is honoured to be among Canada’s Best Managed Companies in 2021 for the ninth year in a row, earning a top spot within the Platinum Club designation. The 2021 Best Managed program award winners are amongst the best-in-class of Canadian-owned and -managed companies with revenues over $25 million demonstrating leadership in the areas of strategy, capabilities and innovation, culture and commitment, and financials to achieve sustainable growth.
Now in its 28th year, Canada’s Best Managed Companies remains one of the country’s leading business awards 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.
“It’s a great honour to once again be recognized within this elite group of Canadian businesses for our continued efforts to successfully evolve and adapt in an ever-changing industry and world, especially during what was a very challenging year,” said Christian Chia, CEO, OpenRoad Auto Group.
OpenRoad currently owns and operates 32 retail locations in B.C. and Ontario, and four luxury automotive brands in Bellevue, Washington. The OpenRoad family includes 1,400 employees and 20 quality automotive brands including Audi, BMW, Porsche, Jaguar, Land Rover, Infiniti, Lexus, Volkswagen, Hyundai, Mazda, Honda, Subaru, Toyota, Hyundai, Genesis, MINI, McLaren, Lamborghini, Bentley and Rolls-Royce.
Over the last year, despite the pandemic, the automotive and retail service giant has continued to live up to its brand tagline of “Unlimited Possibilities Ahead” by expanding its operations nationally with the acquisition of OpenRoad Honda Brampton and Brampton East Toyota. OpenRoad 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 both in-dealership and online. OpenRoad’s unique offering includes 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. Since the company was founded in 2000, OpenRoad has also been dedicated to supporting the communities in which it operates by supporting hundreds of non-profit organizations with donations and fundraising through the OpenRoad Cares charitable program.
“To become a Best Managed Platinum Club winner is nothing short of remarkable. Their continued adaptability in an era of uncertainty sets the standard for how to overcome new barriers and demonstrate resilience at the highest levels,” said Peter Brown, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “This year’s Platinum Club winners are the Canadian cornerstone for outstanding business in 2021.”
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2021 Best Managed companies share commonalities that include, but are not limited to, enabling a remote workforce, making employee health a top priority, acting with an increased sense of purpose and social responsibility, and a significantly heightened focus on cash flow.
2021 winners of the Canada’s Best Managed Companies award will be honoured at a virtual gala. The Best Managed virtual 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.
Interviews with OpenRoad spokespeople available upon request by contacting firstname.lastname@example.org.
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
Founded in 2000, OpenRoad Auto Group is B.C.'s largest automotive dealership group with over 1,400 associates representing 21 quality automotive brands at 34 full-service retail locations, including 29 Canadian auto retailers in B.C. and Ontario, five 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 Unlimited Possibilities Ahead. With a focus on innovation and lifelong relationships, OpenRoad offers free memberships in the Club OpenRoad loyalty points program. 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
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