LKQ Corporation (NASDAQ: LKQ) today announced it has entered into an agreement to sell its Self Service segment, Pick Your Part, to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million, subject to customary post-closing purchase price adjustments. This proposed transaction was the result of a competitive bid sale […]
Hyundai Motor Group Boosts U.S. Investment to $26 Billion
Vehicle manufacturer plans steel mill, expanded production capacity and robotics facility through 2028. Hyundai Motor Group will invest $26 billion in the United States from 2025 to 2028, the South Korean vehicle manufacturer announced Monday, marking a $5 billion increase from its previous commitment. The investment will fund a new steel mill in Louisiana, expanded […]
Lexus and Subaru Lead in American Customer Satisfaction Index 2025 Auto Study
The U.S. automobile industry reached its highest level of vehicles sold in five years, yet there are risks with drivers now staring at longer periods of larger payments — something that has impacted customer satisfaction. According to the American Customer Satisfaction Index (ACSI) Automobile Study 2025, overall driver satisfaction slips 1% to a score of […]
August New-Vehicle Sales Projected Up 8.2% Compared to Last Year
EV share at all-time high as consumers accelerate purchases prior to expiration of U.S. subsidies next month. Total new-vehicle sales for August 2025, including retail and non-retail transactions, are projected to reach 1,483,000, an 8.2% increase year over year, according to a joint forecast from J.D. Power and GlobalData. August 2025 has 27 selling days, […]
AASP/NJ Members Learn About Essential Employee Handbook Components
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) hosted a webinar August 20 addressing employee handbook requirements and risk management strategies for collision repair and mechanical shops. Attorneys Seth Rosenstein and Layne Feldman of Ansell Grimm and Aaron PC led the session, emphasizing that generic templates fail to address automotive industry-specific practices. The […]
ASE Education Foundation Awards Busch Memorial Scholarships
Evan Matson and Brody Oswald have been awarded the Michael Busch Memorial Scholarships for the 2025-26 school year. Presented by the ASE Education Foundation, the two honorees received the scholarships in recognition of their outstanding academic achievement. Matson is a student at Clark College in Vancouver, Wash. and Oswald attends the Pennsylvania College of Technology […]
Mo Khalid Named COO at Driven Brands
Driven Brands Holdings Inc. (NASDAQ: DRVN) has appointed Mo Khalid as executive vice president and chief operating officer, the company announced Monday. Khalid previously served as executive vice president and president of Take 5 Oil Change. Tim Austin, who was chief operating officer of Take 5, will succeed Khalid as Take 5 president. “Mo is […]
Collision Repair Industry Production Down in June
Production was down both month over month and year over year. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary June collision repair employment, hours worked and wages indicated production was down both compared to May and last year. Monthly production has been […]
SEMA Calls for ADAS Policy Changes in Highway Bill Comments
The Specialty Equipment Market Association (SEMA) is calling on federal transportation officials and Congress to develop comprehensive policies that address how aftermarket vehicle modifications interact with advanced driver assistance systems (ADAS) in modern vehicles. The policy request calls for neutral validation protocols for calibrations and visual or electronic diagnostic indicators to assure systems are functioning […]
VinFast Opens First California Dealership in San Diego
VinFast Auto (NASDAQ: VFS) opened its first California dealership in San Diego, marking the Vietnamese electric vehicle manufacturer’s latest expansion into the U.S. market and ending its direct-sales model in the state. The dealership, VinFast San Diego, is operated by Sunroad Automotive Group and offers the company’s two electric SUVs available in the United States: […]
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