The Export Processing Zone Administration (EPZA) under Taiwan’s Ministry of Economic Affairs announced that it recently approved an application from the Jui Li Enterprise Co. Ltd., the collision repair crash parts maker, to set up a factory in the Pingtung Export Processing Zone (PEPZ) of southern Taiwan. Pingtung is the southernmost city in Taiwan. According […]
Interview: Dan Risley, President and Executive Director of the Automotive Service Association
Risley details the association’s regional training events that are kicking off today, provides an update on this summer’s NACE | CARS, and discusses parts procurement legislation pending in Michigan. Earlier this year, the Automotive Service Association (ASA) announced that it would hold a series of regional training events around the U.S. in 2016. The events […]
LKQ Reports Revenue Growth of 6.7% in 2015
The collision repair industry part supplier surpassed $7 billion in annual revenue for the first time in 2015. The LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2015. For the fourth quarter of 2015, revenue was $1.75 billion compared with $1.68 billion for the fourth quarter of […]
Copart Reports Revenue Up 8.5%
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal second quarter ended January 31. For the quarter, revenue was $299.7 million, representing an increase in revenue of $23.4 million, or 8.5 percent. Gross margin was $124.6 million, an increase of $9.7 million, or 8.5 percent. Net income was $59.0 million, an increase in of $6.8 […]
CARSTAR Southbank Opens Appraisal Centre in Ottawa
CARSTAR Canada announced the opening of CARSTAR Southbank Appraisal located at 1255 Johnston Road in Ottawa, Ontario. CARSTAR Southbank Appraisal is located in the Southbank Chrysler Dodge Jeep Ram dealership. “Our goal is to keep our customers happy by offering a multitude of services delivered by highly skilled and attentive employees,” comments franchise partner Guy […]
Axalta Launches Learning Campus in Canada
Axalta Coating Systems (NYSE:AXTA) announced it recently launched the Axalta Learning Campus in Canada, a web-based portal that serves as a gateway to Axalta’s Learning and Development programs. The campus allows customers to register online for in-person technical training at a Learning and Development Center or take courses online by accessing a comprehensive library of […]
Webinar Features MSO’s View of the CIECA Standards
The Collision Industry Electronic Commerce Association (CIECA) will hold a webinar on Wednesday, March 2 at noon EST featuring an multiple collision repair shop operator’s view of the CIECA standards. Ashley Denison from Caliber Collision will discuss how CIECA messages are being used to improve their business processes and the impact the messages have had […]
Report: Car Sharing Will Keep Growing, But It Will Not Disrupt the Automotive Industry
Boston Consulting Group projects car sharing will reduce new-vehicle sales by only 1 percent in 2021. Report projects autonomous vehicles will have greater impact on the industry but not until late 2020s. According to a new report from The Boston Consulting Group (BCG) while car sharing is taking hold in large urban areas in both […]
Google to Shut Down Auto Insurance Comparison Website
Less than a year after announcing its launch in the U.S., Google will be shutting down its Compare product that allowed consumer to get quotes on a variety of financial services including auto insurance. In an email to Compare partners, Google explained that it plans to terminate its price comparison service in the U.S. and […]
SEM Obtains 52 Recommendations from GM
SEM Products, Inc. announced that General Motors (GM) had awarded the company 52 recommendations spanning 218 SKUs. Recommended product categories include adhesives, foams, panel bonding adhesives, plastic repair materials, seam sealers, stone guard coatings, and undercoatings. SEM’s specialty coatings, such as interior refinish products, are recommended for out of warranty repair scenarios. A full list […]