According to J.D. Power and LMC Automotive forecast retail sales will fall for fifth time in seven months. Incentives reach new high. For the fifth time in the past seven months, U.S. new-vehicle retail sales are expected to drop in September, falling 1.4 percent from a year ago, according to a monthly sales forecast developed […]
mikeroweWORKS Foundation and Universal Technical Institute Award Scholarships
Universal Technical Institute (NYSE:UTI) announced that it supplemented its initial contribution of $100,000 to mikeroweWORKS’ 2016 Work Ethic Scholarship Program with an extra $52,250 donation. UTI also directly awarded additional scholarships of $141,500 in the form of tuition reductions to applicants pursuing careers across the transportation segment, including collision repair. The students will study to […]
Insurance Anti-Fraud Group Pushes for Passage of Pennsylvania Counterfeit Airbag Bill
The Coalition Against Insurance Fraud wants Commonwealth to approve legislation making it a crime to knowingly install a non-functioning airbag, protect consumers from “Shady repair shops” that install phony airbags. The Coalition Against Insurance Fraud, the alliance of consumers, government, anti-fraud agencies and insurance companies, is call on the Pennsylvania Senate to approve House Bill […]
PPG Canada Appoints Christie Alexander British Columbia Territory Manager
PPG Canada has named Christie Alexander territory manager for British Columbia. Norm Angrove, director, Refinish Canada, made the announcement. Alexander will be the PPG representative to the company’s automotive refinish distributors throughout the province. Alexander joined PPG Canada in August of this year. She has extensive experience in the refinish business. Prior to coming to PPG Canada, Alexander was […]
BASF Expands Distribution in Northern California
BASF Automotive Refinish announced that Industrial Finishes & Systems, Inc. has expanded its distribution of BASF Automotive Refinish paint brands, to its Concord, Calif store. The location is a new, single-line BASF store. “BASF and Industrial Finishes have been partners for over 30 years. Besides being a long standing partner to BASF, they support BASF […]
Auto Parts Executives Indicted for Obstruction of Justice
A federal grand jury in the U.S. District Court for the Eastern District of Michigan returned an indictment charging one current automotive parts industry executive and one former automotive parts industry executive with conspiring to obstruct a federal investigation. The current executive also was charged with attempted obstruction of justice, the U.S. Justice Department announced. […]
Fix Automotive Network Consolidates Brands
Fix Auto, Novus Glass, Speedy Auto Service and Minute Muffler & Brake networks join together, offer a comprehensive aftermarket services solution. Steve Leal, President and CEO of Fix Auto announced the launch of Fix Automotive Network, An event on September 10 in Montreal, initially organized as Prime CarCare Group’s national conference, transformed into a launchpad […]
Rhode Island Releases 2016 Labor Rate Survey Reports for Class A and B Collision Repair Facilities
Latest survey is the first to require insurers to report labor rates based upon two tiered licensing structure. Do Class A repairers get paid more than Class B? The Rhode Island Department of Business Regulation released its Auto Body Labor Rate Survey reports for 2016. The report is the first to take into consideration the […]
Boyd Acquires New Collision Repair Center in British Columbia
The Boyd Group Inc. announced the acquisition of a collision repair center in Burnaby, British Columbia. The center previously operated as Dumore’s Collision and is located in the southeast of the city in close proximity to the TransCanada highway. “We are very pleased to add this new location which complements our existing repair centers in […]
Copart Reports Revenue Up 17.8% in Fiscal Fourth Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal fourth quarter and year ended July 31, 2016. For the three months ended July 31, 2016, revenue, gross margin, operating income, and net income were $332.7 million, $141.5 million, $106.2 million, and $84.1 million, respectively. These represent an increase in revenue of $50.4 million, or 17.8 […]