While overall sales were up, same store sales declined in the quarter and year to date compared to last year. Boyd Group Services Inc. (TSE: BYD) today announced sales during the third quarter ended September 30 increased by 2.0% to $752.3 million from $737.8 million in the same period last year. Same-store sales declined 3.5% […]
Axalta and 3M Collaborate on Refinish Training Series
3M and Axalta yesterday announced a collaboration to introduce a new training content series focused on automotive refinishing. The series will feature five co-branded training modules, each intended to meaningfully help technicians and shops improve their understanding of repair process practices and drive greater operational outcomes. The brand-agnostic and accessible educational video content produced by […]
SEMA Show Opens Today
The 2024 SEMA Show opens in the Las Vegas Convention Center (LVCC) today, November 5, and runs through Thursday, November 8, in Las Vegas. The SEMA Show features more than 2,400 exhibiting brands, including 580 first-time exhibitors. Attendees can explore more than 1,400 vehicles on display across 1.2 million sq. ft. of exhibit space, showcasing […]
AASP/NJ to Host a Day with Mike Anderson and Friends November 21
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) is committed to providing its members with the best education around, and it sure doesn’t get much better than this industry icon, who will be joined by fellow industry professionals for a special full day “Mike and Friends” event on Thursday, November 21 from 9 […]
Cris Hollingsworth Named Chief Executive Officer at B&R Auto
B&R Auto, the provider of recycled automotive parts and a portfolio company of Highview Capital, announced that Cris Hollingsworth has been appointed Chief Executive Officer. Cris joins B&R with over 20 years of experience in the auto aftermarket industry. Hollingsworth most recently served as Co-CEO and President of Reparify Global Holdings, where he oversaw global […]
GEICO Reports Premiums Written Up 7.3% in Third Quarter
Collision claim frequency was down 8-9% in the third quarter compared to last year. Berkshire Hathaway reported its earnings for the third quarter of 2024 on November 2, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings were $5.747 billion in the first nine […]
Quality Collision Group Acquires 14 Location MSO in Minnesota
Quality Collision Group (QCG) announced the acquisition of Minnesota-based LaMettry’s Collision, a family-owned MSO with 14 locations in the Minneapolis-St. Paul market. With the addition of LaMettry’s, QCG now operates 85 facilities throughout the U.S. Quality Collision Group, which recently celebrated its four-year anniversary, focuses its growth strategy on multi-shop owners (MSOs), such as LaMettry’s, […]
Classic Collision Acquires Two New Locations in Virginia and Florida
Classic Collision, LLC announced the acquisitions of Knox Automotive Center in Carrollton, Va. and Serrano Paint & Body in Jacksonville, Fla. Knox Automotive Center has been a multi-generational repair shop in Wight County for decades. “We have been a major supporter of our community and the local choice for collision repair since we first opened […]
Collision Auto Parts Opens New Warehouse in Santa Fe Springs, California
Collision Auto Parts, the distributor of collision repair parts across the Western U.S., announced the grand opening of its newest state-of-the-art distribution center in Santa Fe Springs, Calif. This expansion will elevate service for customers across Southern California, providing faster delivery, greater inventory, and an unmatched commitment to quality. “We’re incredibly excited to open our […]
Consumer Sentiment Up in October
After declining in early 2024, consumer sentiment was up versus both the previous month and year as labor market and inflation expectations have improved. Consumer sentiment lifted for the third consecutive month, inching up to its highest reading since April 2024, according to the University of Michigan’s Survey of Consumers. The Consumer Sentiment Index rose […]
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