Program celebrates graduation of first apprentice. The Fix Network Apprenticeship Program (FNAP) has been officially approved by the Washington State Apprenticeship and Training Council, and celebrated the graduation of its first apprentice, Gabrial Duran. The FNAP functioned provisionally in Washington State and Oregon since October 2022 and received full approval in January 2024. Fix Network […]
SEMA Show Registration Now Open
Registration for the November 5-8 SEMA Show at the Las Vegas Convention Center is now open online. Attendees can maximize their ROI by registering early and taking advantage of housing and travel discounts. Registration is only $40 for qualified attendees who register by June 28. Enthusiasm for this year’s SEMA Show continues to build as […]
Axalta Reports Sales of $1.3 Billion in First Quarter
Refinish sales up 4%. Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales increased 0.8% year-over-year to $1.3 billion for the first quarter ended March 31. Performance Coatings first quarter 2024 net sales were $848 million, flat relative to the prior year period. Refinish net sales were $519 million, up 4% year-over-year driven by positive price-mix […]
CCC Reports Revenue of $227.2 Million in First Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) reported total revenue was $227.2 million for the first quarter of 2024 ended March 31, an increase of 11% from $204.9 million for the first quarter of 2023. “CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and 41% adjusted EBITDA margin –both above our […]
Genuine Parts Company Acquires Largest NAPA Independent Store Owner in the U.S.
Genuine Parts Company (NYSE: GPC), the global distributor of automotive and industrial replacement parts, announced it acquired Motor Parts & Equipment Corporation (MPEC) effective April 30. MPEC, founded in 1938, is based in Rockford, Illinois and is the largest independent owner of NAPA Auto Parts stores in the U.S., operating 181 locations across Illinois, Indiana, […]
U.S. Length of Rental Declined in First Quarter
Overall length of rental (LOR) for collision-related rentals in the first quarter was 17.6 days, a 1.1-day decline from last year. Traditionally, LOR decreases in the first quarter of each year, a trend that continued. LOR has declined from the post-COVID highs, with the first quarter of 2023 at 18.7 days and 18.2 days in […]
MEMA Aftermarket Suppliers Launches Right to Repair Campaign
MEMA Aftermarket Suppliers is launching a new right to repair campaign in support of the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act, which would expand access to vehicle repair and maintenance information safely and securely and enable aftermarket suppliers and independent repairers to provide safe, high-quality vehicle service options to consumers. “Across […]
NHTSA Finalizes Rule Mandating Autonomous Emergency Braking
Starting in 2029, vehicle manufacturers must make automatic emergency braking, which reduces vehicle and pedestrian crashes, standard in cars and light trucks. The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) finalized a new Federal Motor Vehicle Safety Standard that will make automatic emergency braking (AEB), including pedestrian AEB, standard on all passenger […]
Nearly Half of Auto Insurance Customers Currently Shopping for New Policies
J.D. Power finds that consumers are not passive in wake of premium increases by insurance companies. EV owners less satisfied with Auto Insurance Shopping Experience According to the J.D. Power 2024 U.S. Insurance Shopping Study that the dramatic increase in auto insurance premiums, combined with lackluster customer satisfaction scores this year, is putting more insurance […]
ALLDATA Launches Repair Planner for Collision Repair Facilities
ALLDATA has announced the launch of Repair Planner, the newest addition to the company’s integrated collision repair platform. ALLDATA Repair Planner automates the repair planning process and helps shops plan necessary inspections and structural repairs with original equipment manufacturer (OEM) accuracy. It works with the three major estimating systems and integrates seamlessly with ALLDATA […]
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