The Automotive Service Association (ASA) announced the U.S. Senate Committee on Health, Education, Labor & Pensions (HELP), Subcommittee on Employment & Workplace Safety held a hearing to examine the value that youth apprenticeship programs provide to employers and the general public. The hearing also looked at the problems that inhibit the positive impact of these […]
Record 1.2 Million Electric Vehicles Sold in U.S. Last Year
Sales projected to set new record this year. A record 1.2 million U.S. vehicle buyers chose to go electric last year, according to estimates from Kelley Blue Book, a Cox Automotive company. More specifically, 1,189,051 new electric vehicles (EVs) were put into service as the slow shift to an electrified future continued unabated. In 2023, […]
High School Skilled Trades Teachers Have Until May 3 to Apply for $1.5 Million in Cash Prizes
Outstanding U.S. public high school skilled trades teachers can apply for a total of $1.5 million in cash prizes starting today as part of the Harbor Freight Tools for Schools Prize. Since 2017, more than $7 million has been awarded to 133 skilled trades teachers and their programs. The deadline to apply for the 2024 […]
March 29 Deadline for Priority Booth Selection for 2024 SEMA Show Exhibitors
The road to the 2024 SEMA Show, November 5-8 in Las Vegas, begins with the annual booth priority selection process. This is when exhibitors choose a Show floor location based on their seniority in a process that literally builds the SEMA Show section by section, booth by booth. “It is like the order of a […]
Wholesale Used-Vehicle Prices Continued to Decrease in First Half of March
Prices were down nearly 15% compared to the full month in March 2023. Wholesale used-vehicle prices, on a mix-, mileage-, and seasonally adjusted basis, decreased 0.6% from February in the first 15 days of March. The midmonth Manheim Used Vehicle Value Index dropped to 202.6, which was down 14.9% from the full month of March […]
Axalta Refinish Appointed Preferred Supplier by UK Insurers LV= and Allianz
Axalta Refinish have signed a five-year agreement with leading insurers, LV= General Insurance (LV= GI) and Allianz in the United Kingdom. Under the terms of the agreement, Axalta Refinish will become a preferred supplier to LV= and Allianz’s UK network of refinish technology through its premium refinish brands Cromax, Spies Hecker, Standox as well as […]
Fisker Pauses EV Production for Six Weeks
Announces it is in talks with a large automaker for a potential transaction to develop EV platforms and to manufacture in the US. Electric vehicle manufacturer Fisker Inc. (NYSE: FSR) announced yesterday it would pause production for six weeks starting this week to align inventory levels and progress strategic and financing initiatives. The company said […]
Jeff Liaw Named CEO and Director at Copart
Jay Adair named Executive Chairman. Copart, Inc. (NASDAQ: CPRT) announced that its Board of Directors has appointed Jeff Liaw as the company’s sole Chief Executive Officer (CEO) and as a member of the Board of Directors. Liaw has been serving as Co-CEO since March 2022. In addition, Jay Adair, who served as the Company’s CEO […]
Kinderhook Invests in Kaizen Collision
Private equity firm partners with Founder Jacob Tilzer and LNC Partners to acquire multiple collision repair shop operators. Vince Brock named CEO. Kinderhook Industries, LLC today announced the acquisition of Kaizen Auto Care, LLC in partnership with Jacob Tilzer and LNC Partners. Kaizen is a regional collision repair provider with 48 locations locations across Arizona, […]
MEMA Aftermarket Suppliers and Auto Care Association Applaud DOJ-FTC Joint Comment on Expanding Consumer Access to Vehicle Operational, Diagnostic and Telematics Data
MEMA Aftermarket Suppliers applauds the submission last week from the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) to the U.S Copyright Office supporting MEMA Aftermarket Suppliers’ petition for a new exemption to the Digital Millennium Copyright Act (DMCA)’s anti-circumvention provisions, which prohibit bypassing copyright protection systems. MEMA’s proposed exemption would allow […]
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