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AASP/NJ Industry Night May 22

May 13, 2024 By CollisionWeek Editor

The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) Industry Night on May 22 will feature presentations from four industry service providers who will engage, inform and interact with attendees on starting at 6:30 p.m. at the Holiday Inn in Clark, NJ. Representatives from American Compliance Systems, AirPro Diagnostics, CCC Intelligent Solutions and Eagle […]

Filed Under: News Tagged With: AASP/NJ, Meetings, New Jersey

Wesco Acquires Auto Color & Equipment in Missouri

May 13, 2024 By CollisionWeek Editor

The Wesco Group, the paint, body and equipment distributor in the U.S. and Canada, announced it has acquired Auto Color & Equipment. Auto Color & Equipment has been servicing Missouri since 1987. The owners, Wayne and Denise Edwards, took over in 1992 and have been committed to the industry and have been instrumental in shaping […]

Filed Under: News Tagged With: Acquisitions, Missouri, Wesco

Painters Supply and Equipment Acquires AeroCoat Source Inc.

May 13, 2024 By CollisionWeek Editor

Painters Supply & Equipment Co. (PSE) announced the acquisition of AeroCoat Source Inc. Established in 1999 and headquartered in Maple Shade, N.J., AeroCoat distributes high- quality coatings and painting solutions, serving customers across the aviation and military sectors. Their New Jersey distribution center along with the NJ operations and sales teams will continue to operate […]

Filed Under: News Tagged With: Acquisitions, New Jersey, Painters Supply & Equipment Co.

Collision Claims and Losses in Fourth Quarter Down Compared to 2022

May 10, 2024 By CollisionWeek Editor

Quarterly claims were down for the third quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims is over as claims on a quarterly basis were down for three consecutive quarters compared to the […]

Filed Under: Research Tagged With: Claims, Earned Car Years, Losses

LKQ Corporation to Sell Elit Polska in Poland to MEKO AB

May 10, 2024 By CollisionWeek Editor

LKQ Corporation (Nasdaq: LKQ) announced that it has entered into a definitive agreement to sell Elit Polska, a Poland-based distributor of automotive parts, consumables and workshop equipment to MEKO AB. The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Elit […]

Filed Under: News Tagged With: Acquisitions, Europe, LKQ Corporation, Poland

PPG Receives American Chemistry Council Sustainability Leadership Award

May 10, 2024 By CollisionWeek Editor

PPG (NYSE:PPG) announced that it has received an American Chemistry Council (ACC) 2024 Sustainability Leadership Award for an automotive OEM electrocoat that lowers energy use and emissions. The award recognizes exemplary products, technologies and initiatives that help advance sustainability. PPG Enviroprime EPIC 300 electrocoat cures at lower temperatures than previous ecoat technologies, helping reduce greenhouse […]

Filed Under: News Tagged With: Awards, PPG Industries

MEMA Opposes Three New Biden Administration Labor Regulations

May 10, 2024 By CollisionWeek Editor

MEMA announced it has joined with other business groups in opposing three new final rules altering major employer/employee relationships released by the Biden administration has announced.  these rules and will keep you updated on any developments. The rules include recently announced rules by the Federal Trade Commission (FTC) to ban on virtually all employee noncompete […]

Filed Under: News Tagged With: Motor & Equipment Manufacturers Association, Regulations

Wholesale Used-Vehicle Prices Continued to Decline in April

May 9, 2024 By CollisionWeek Editor

Manheim reports wholesale prices were down both month-over-month and year-over-year. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were down in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) fell to 198.4, a decline of 14.0% from a year ago. The seasonal adjustment to the index magnified the results […]

Filed Under: News Tagged With: Manheim Wholesale Used Vehicle Price Index, Wholesale Used Vehicle PRices

Crash Champions Expands Luxury and EV Certified Repair Line with California Acquisition

May 9, 2024 By CollisionWeek Editor

Crash Champions today announced the expansion of Crash Champions Luxe | EV Certified, a premium line of service specializing in electric vehicle (EV) and luxury OEM factory-certified repairs.  The announcement follows the organization’s acquisition of DC Autocraft, a collision repair center specializing in luxury factory-certified and EV repairs in Burbank, Calif. The acquisition finalized on […]

Filed Under: News Tagged With: Acquisitions, California, Crash Champions, Electric Vehicles, OEM Certification

2024 ALI Lifting Points Guide Covers 20 Years of Data in Print or Online

May 9, 2024 By CollisionWeek Editor

One of the most important steps when using a frame-engaging car lift like a two-post lift is to position the lift adapters only at the OEM-recommended lifting points. Failing to follow this guidance and instead guessing where to position the adapters may result in the vehicle getting damaged or falling from the lift. To help […]

Filed Under: News Tagged With: Automotive LIft Institute, Safety

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