Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, announced that its shareholders have approved the previously announced plan of arrangement under the provisions of the Québec Business Corporations Act involving Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation. In February, LKQ and Uni-Select announced that they have entered into a definitive […]
LKQ Corporation Reports Revenue of $3.3 Billion in First Quarter
Parts and services organic revenue growth was 7.9%. The LKQ Corporation (NASDAQ:LKQ) today reported revenue was $3.3 billion in the first quarter of both 2023, even with the first quarter of 2022. For the first quarter of 2023, parts and services organic revenue increased 7.9%, 7.1% on a per day basis, while the net impact […]
IAA Continues to Invest in North American Footprint
IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company (NYSE:RBA) (TSE:RBA), announced that it has made strategic real estate investments in New York, Indiana, Connecticut and Delaware. The IAA Staten Island (NY) and IAA Fort Wayne (IN) branches have opened to accommodate growing demand in these busy markets. IAA also has bought out the […]
Auto Insurance Shopping and Carrier Switch Rates Reach New Highs as Premiums Increase
J.D. Power finds State Farm ranks highest among large insurers for shopping experience. The Hartford best among midsize insurers. Progressive gaining market share as GEICO raises rates above industry average. The nation’s auto insurers are locked in a vicious cycle of inflation, rising premiums and steadily increasing customer defection rates. The result, according to the […]
May 18 CIECA Webinar Examines Future of Automotive Technologies
The Collision Industry Electronic Commerce Association (CIECA) announced that its next webinar is scheduled for Thursday, May 18 at 2 p.m. (EDT) entitled The Future of Automotive Technologies. The one-hour webinar will feature Chris Chesney, Vice President of Training & Organizational Development for Repairify. Registration for the May 18 CIECA webinar is available online. During […]
U.S. Light Vehicle Sales Projected Up in April Over Last Year
According to S&P Global Mobility, new light vehicle sales in April are expected to maintain the pace of the preceding months but uncertainty remains for the rest of the year. S&P Global Mobility estimates new light vehicle sales volume in April 2023 to reach 1.29 million units, up approximately 4% from April 2022 and representing […]
Car ADAS Solutions Adds Three Licensees in California
Car ADAS Solutions announced the addition of three new licensees in California including Accelerated ADAS in Riverside, owned by Jim Period, APEX Calibrations in Fresno, owned by Tony Morgan, and Quantum ADAS Calibrations LLC in San Diego, owned by Preston Eherenfeldt. “We are excited to begin our California calibration center build-out with the Car ADAS […]
U.S. Federal Right to Repair Legislation Gains 8 New Co-Sponsors
The CAR Coalition, MEMA Aftermarket, Auto Care Association and SEMA are applauding a new group of bipartisan co-sponsors of the REPAIR Act (H.R. 906) that was reintroduced in the U.S. House of Representatives in February. In addition to original sponsor Representative Neal Dunn (R-FL), and co-sponsors Reps. Brendan Boyle (D-PA), Warren Davidson (R-OH), and Marie […]
International Energy Agency Projects Global EV Sales to Jump 35% in 2023
Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil. The new edition of the International Energy Agency (IEA) annual […]
White Paper Examines Impact of OEM Collision Repair Part Design Patents on Consumers, Industry and Environment
Some patented crash parts cost more than twice comparable, non-patented parts due to OEM “Backdoor Monopoly” according to the paper. A new white paper examines how automotive OEM design patents impact consumers, local economies, and the environment. Blaire O’Neal, PhD, a researcher and consultant who specializes in issues around social justice and technology, released the […]
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