Paint, Collision & Glass segment same-store sales up over 12%. Driven Brands Holdings Inc. (NASDAQ:DRVN) on August 2 reported revenue of $606.9 million for the second quarter ended July 1, up 19% compared to last year. System-wide sales were $1.7 billion, up 18 percent versus the prior year driven by 8 percent same-store sales growth […]
Cloninger Automotive Group Licenses DCR Systems Collision Repair Operating Model in North Carolina
DCR Systems, LLC announced that Cloninger Automotive Group based in Salisbury, N.C., signed an area development licensing agreement with the company. The agreement provides access to DCR Systems’ full turnkey operating model. “We appreciate Cloninger’s belief and trust in the DCR process and applaud their courage to adapt and transition from a traditional operation to […]
Jim Kessler Named CEO at RB Global
Company says Ann Fandozzi resigned due to failure to resolve executive compensation negotiation. RB Global, Inc. (NYSE:RBA) (TSE:RBA), formerly known as Ritchie Brothers Auctioneers, announced the appointment of Jim Kessler, most recently the Company’s President and Chief Operating Officer, as Chief Executive Officer. Kessler will also join RB Global’s Board of Directors. Megan Cash, most […]
U.S. Auto Body Repair Prices Up in June Compared to May
Prices were also up over 5% on a year-over-year basis. The most recent government figures on inflation through June show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 24th month in a row, but the rate of increase is less than half the […]
Axalta Reports Sales Up 4.8% in Second Quarter
Axalta Coating Systems Ltd. (NYSE:AXTA) today announced net sales $1.2939 billion in the second quarter ended June 30, up 4.8% year-over-year (YoY) from $1.2349 billion last year. The result was driven by a 6.8% higher average price mix and a 1.6% benefit resulting from the absence of the commercial agreement restructuring charge incurred in Q2 […]
CCC Reports Revenue Up 10% in Second Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) today announced total revenue was $211.7 million for the second quarter ended June 30, an increase of 10% from $192.8 million for the second quarter of 2022. GAAP gross profit was $152.6 million, representing a gross margin of 72%, for the second quarter of 2023, compared with $139.9 million, […]
Sherwin-Williams Holds Topping-Off Ceremony at New Global R&D Center
The Sherwin-Williams Company (NYSE:SHW) along with the project’s construction workers celebrated a ‘topping-off’ on July 26 with the placement of the final steel beam for the Company’s new Global Research and Development Center located in Brecksville, Ohio. This milestone marks the completion of the construction project’s structural work, a project that began with a groundbreaking […]
National Auto Body Council Award Nominations Open Through August 15
The National Auto Body Council is seeking nominations for its 2023 awards, the NABC Changing and Saving Lives Award and the NABC President’s Award, which formally recognize individuals and companies for their leadership of and commitment to improving the collision repair industry. The NABC Changing and Saving Lives Award recognizes the individual in the collision […]
LKQ Corporation Completes Uni-Select Acquisition
Uni-Select operates over 145 FinishMaster stores in the U.S. and serves Canadian auto and collision repair shops from more than 1,000 independent and 95 company operated stores. LKQ Corporation (NASDAQ:LKQ) and Uni-Select Inc. (TSE: UNS) today announced the completion of the previously-announced acquisition of Uni-Select by 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ. In […]
ProColor Collision Adds New Location in California
ProColor Collision franchise owner Tony Buryakov has opened a third ProColor Collision repair center to serve Sacramento area residents and businesses. ProColor Collision Shingle Springs, formerly 49ER Auto Body, located at 4213 Sunset Lane, Suite 102 in Shingle Springs, joins Buryakov’s ProColor Collision locations in southeast and northeast Sacramento. “Even with my more than 25 […]
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