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 […]
Painters Supply and Equipment Acquires AeroCoat Source Inc.
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 […]
Collision Claims and Losses in Fourth Quarter Down Compared to 2022
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 […]
LKQ Corporation to Sell Elit Polska in Poland to MEKO AB
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 […]
PPG Receives American Chemistry Council Sustainability Leadership Award
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 […]
MEMA Opposes Three New Biden Administration Labor Regulations
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 […]
Wholesale Used-Vehicle Prices Continued to Decline in April
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 […]
Crash Champions Expands Luxury and EV Certified Repair Line with California Acquisition
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 […]
2024 ALI Lifting Points Guide Covers 20 Years of Data in Print or Online
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 […]
Imports Top National Insurance Crime Bureau List of Most Stolen Vehicles
Kia and Hyundai vehicles experienced the highest theft rates in 2023, breaking the years-long trend of full-size pickups topping the list, according to a new report issued by the National Insurance Crime Bureau (NICB), the insurance industry’s association dedicated to preventing and prosecuting insurance crime and fraud. Social media trends highlighting how to steal these […]
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