Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter ended July 31, revenue, gross profit, and net income attributable to Copart, Inc. were $1.1 billion, $454 million, and $323 million, respectively. These represent an increase in revenue of $71.4 million, or 7.2%; a decrease in gross profit of $(4.0) million, or (0.9)%; and a […]
Semiconductor Shortage May Impact Auto Industry Later this Year
S&P Global Mobility warns automotive chip supply could be low by the end of the year. Key companies in the automotive and semiconductor industries have expressed concerns about a potential semiconductor shortage in the second half of 2025 or 2026, but automotive chip supplies will be low by the end of 2024. According to S&P […]
Fix Network Expands Auto Glass Apprenticeship Program to Seven States
The Fix Network announced it expanded its auto glass apprenticeship program to three new states: Arizona, New Mexico and Alaska. With this expansion, the program is approved for operation in seven states, including Washington, Oregon, Montana, and Colorado, aligning with the company’s Speedy Glass locations. Fix Network’s glass apprenticeship program elevates the quality of automotive […]
Caliber CEO Simmons Named Master of Ceremonies for November 4 MSO Symposium
David Simmons, Chief Executive Officer (CEO) at Caliber Holdings LLC, will serve as the Master of Ceremonies at the 2024 MSO Symposium, taking place Monday, November 4 in Las Vegas, Nev. Simmons has a diverse background leading large, multinational organizations in a number of industries and brings his wealth of experience to the 2024 event. […]
BMW and Toyota Partner on Hydrogen Fuel Cell Electric Vehicle Development
The BMW Group and the Toyota Motor Corporation are pooling their innovative strength and their technological capabilities to bring a new generation of fuel cell powertrain technology to the roads. Both companies share the aspiration of advancing the hydrogen economy and have extended their collaboration to push this locally zero-emission technology to the next level. […]
AAA Survey Finds Driving Habits Stabilizing Since Pandemic
Foundation warns of safety issues for older cars that make up larger portion of miles driven. The AAA Foundation for Traffic Safety released its 2023 American Driving Survey, providing insights into U.S. daily driving trends after the initial impact of the COVID-19 pandemic. The survey reveals that overall driving patterns have rebounded from the depths […]
CCC Launches Collision Repair Facility Payroll Management Solution
CCC Intelligent Solutions Inc. (NASDAQ: CCCS) announced today the launch of CCC Payroll, a new solution designed to streamline payroll management for collision repair facilities. Integrated into the CCC ONE platform, CCC Payroll enables shops to track production and labor, and streamline payroll within a single system, simplifying the payroll process from start to finish […]
Auto Care Association Reports Over 100,000 Letters Sent to Congress Urging Passage of REPAIR Act
The Auto Care Association announced that advocates and concerned citizens have now sent over 114,000 letters to Congress, demanding the protection of their right to choose where and how they repair their vehicles. “As we reach this incredible milestone, it’s clear that the issue of Right to Repair resonates deeply with Americans across the country,” […]
Axalta Introduces Next-Generation Spectrophotometer for Refinish Customers
Axalta (NYSE: AXTA) today announced the launch of Axalta Irus Scan, its latest spectrophotometer for refinish customers. This new technology scientifically measures paint color on a vehicle to provide accurate color matches in waterborne and solventborne basecoat technologies. Axalta Irus Scan now joins the simple, three-step Axalta Irus digital color management process as the first […]
CAPA Video Highlights Certification Program
The Certified Automotive Parts Association (CAPA) has released a new video providing an overview of CAPA’s certification program. The video, The CAPA Difference, embedded below shows the work that goes into its certification process, as well as the positive impact this work has on the collision repair industry and ultimately consumers. The video, presented by […]
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