Fenix Parts, Inc. (NASDAQ: FENX) announced fourth quarter and full year 2015 results. Fenix completed its IPO and the acquisitions of its eight founding companies in May 2015, an acquisition (Ocean County Auto Wreckers) in August 2015 and two additional acquisitions (Butler Auto Sales and Parts and Tri-City Auto Salvage) in October 2015. Consolidated revenues […]
Interview: Bruce Bares, CEO, Certified Collision Group
Bares details how the collision repair industry’s newest network, of OEM-certified collision centers, wants to help progressive repairers, who’ve invested in modern technology work, with the insurance industry and get a return on their investment. It’s not exactly news that interest in vehicle manufacturer certification programs is growing among independent repair facility operators. As collision […]
PA Governor Approves Photo Appraisal Bill
Pennsylvania Governor Tom Wolf yesterday signed House Bill 1638 (HB 1638) that amends the Motor Vehicle Physical Damage Appraiser Act to remove a prohibition against using photographs to prepare collision repair damage estimates. The bill had been opposed by Pennsylvania Collision Trade Guild who testified against the legislation during a hearing before the Senate Banking […]
Police Reported Crashes Up Over 6% in 2014, 16% Due to Distracted Driving
According to research just released by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) both the number of police reported crashes and the percentage that involved distracted driving increased in 2014. According to the report: The overall number of police reported crashes surpassed 6 million in 2014, up 6.6 percent from 2013 […]
MSO Symposium Agenda Announced
Details have been announced for the 2016 MSO Symposium, taking place during NACE | CARS on Thursday, August 11 in Anaheim, Calif. program will cover business growth, M&A, private equity, insurance and industry trends, management-focused topics, industry trends and market intelligence. Sponsors of the event include Car-O-Liner, Axalta, AkzoNobel, Arrowhead Insurance, AudaExplore, and Celette. Now […]
Richmond/Tidewater Bumper Certified by NSF
NSF International announced that Richmond/Tidewater Bumper, based in Mechanicsville, Va., has earned NSF Automotive Parts Distributor Certification for meeting all certification requirements. Certification requirements include: An ISO 9001-certified quality management system Business liability insurance Effective records management and inventory tracking systems to track orders and parts through the supply chain Customer service procedures requiring timely […]
Two California Collision Repair Shop Owners Charged in $140,000 Felony Insurance Fraud Bust
Repairers among nine charged as part of organized crime ring busted for submitting fraudulent claims for crashes that never occurred. The California Department of Insurance announced that Juan Ortiz Velazquez, 27, of San Jose and owner of Carlos Auto Body, was arrested with seven other suspects and charged with multiple counts of felony insurance fraud […]
NACE | CARS Announces Destination Tour Schedule
The organizers of NACE | CARS announced details for destination tours during the event being held August 9 – 13 in Anaheim, Calif. These tours have been organized to give attendees the opportunity to experience historical automotive venues, as well as top regional attractions, at a reduced rate while in town for NACE | CARS. […]
Service King’s Mission 2 Hire Employs 100th Veteran
Service King Collision Repair Centers announced the organization has successfully recruited and hired more than 100 military veterans and family members in less than 12 months through its Mission 2 Hire campaign. Service King’s Mission 2 Hire initiative officially launched in May 2015 with the goal of recruiting and hiring more than 500 military veterans […]
eMarketing Sherpas Selected for ARA of BC Certified Collision Center Program
eMarketing Sherpas announced that the Automotive Retailers Association of British Columbia selected their Review Engine system as the preferred online review and reputation marketing system for their new Certified Collision Repair Program that will certify collision repair service providers that have demonstrated their commitment to service excellence. David Ribeiro, ARA’s Director of Industry Relations, said, […]