Prices were down nearly 15% compared to the full month in March 2023. Wholesale used-vehicle prices, on a mix-, mileage-, and seasonally adjusted basis, decreased 0.6% from February in the first 15 days of March. The midmonth Manheim Used Vehicle Value Index dropped to 202.6, which was down 14.9% from the full month of March […]
Axalta Refinish Appointed Preferred Supplier by UK Insurers LV= and Allianz
Axalta Refinish have signed a five-year agreement with leading insurers, LV= General Insurance (LV= GI) and Allianz in the United Kingdom. Under the terms of the agreement, Axalta Refinish will become a preferred supplier to LV= and Allianz’s UK network of refinish technology through its premium refinish brands Cromax, Spies Hecker, Standox as well as […]
Fisker Pauses EV Production for Six Weeks
Announces it is in talks with a large automaker for a potential transaction to develop EV platforms and to manufacture in the US. Electric vehicle manufacturer Fisker Inc. (NYSE: FSR) announced yesterday it would pause production for six weeks starting this week to align inventory levels and progress strategic and financing initiatives. The company said […]
Jeff Liaw Named CEO and Director at Copart
Jay Adair named Executive Chairman. Copart, Inc. (NASDAQ: CPRT) announced that its Board of Directors has appointed Jeff Liaw as the company’s sole Chief Executive Officer (CEO) and as a member of the Board of Directors. Liaw has been serving as Co-CEO since March 2022. In addition, Jay Adair, who served as the Company’s CEO […]
Kinderhook Invests in Kaizen Collision
Private equity firm partners with Founder Jacob Tilzer and LNC Partners to acquire multiple collision repair shop operators. Vince Brock named CEO. Kinderhook Industries, LLC today announced the acquisition of Kaizen Auto Care, LLC in partnership with Jacob Tilzer and LNC Partners. Kaizen is a regional collision repair provider with 48 locations locations across Arizona, […]
MEMA Aftermarket Suppliers and Auto Care Association Applaud DOJ-FTC Joint Comment on Expanding Consumer Access to Vehicle Operational, Diagnostic and Telematics Data
MEMA Aftermarket Suppliers applauds the submission last week from the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) to the U.S Copyright Office supporting MEMA Aftermarket Suppliers’ petition for a new exemption to the Digital Millennium Copyright Act (DMCA)’s anti-circumvention provisions, which prohibit bypassing copyright protection systems. MEMA’s proposed exemption would allow […]
Tasco Auto Color Named 2023 PPG Platinum Distributor of The Year
PPG (NYSE: PPG) today announced that it has recognized Tasco Auto Color of Houston, Texas as its Automotive Refinish 2023 Platinum Distributor of the Year. The award recognizes distributors with exceptional service, loyalty, product knowledge and support as part of the PPG Platinum Distributor program. It is the third time Tasco Auto Color has received […]
Gil West Appointed CEO at Hertz
Hertz Global Holdings, Inc. (NASDAQ: HTZ), a leading global rental car company, today announced that Gil West, former Chief Operating Officer of Delta Airlines and GM’s Cruise unit, will become Chief Executive Officer effective April 1, at which time he will join the Board. West will succeed Stephen Scherr, who has decided to step down […]
CARSTAR Car Crafters of Georgia Helps Train State’s High School Collision Repair SkillsUSA Gold Medal Winner
Dane Robbins not only learned new skills when he became an apprentice at CARSTAR Car Crafters in Blue Ridge, Ga., he found a career in collision repair and took home the state’s top honors – the gold medal — in the SkillsUSA Collision Repair Technology Competition. He will represent Georgia at the SkillsUSA National Competition […]
U.S. Justice Department and Federal Trade Commission Support Renewing and Expanding Copyright Exemptions for Automotive Right to Repair
Joint comment to U.S. Copyright Office supports renewal of existing exemptions and expanding exemption to include access to operational data needed to repair motor vehicles including telematics. The Justice Department’s Antitrust Division and Federal Trade Commission (FTC) have submitted a comment to the U.S. Copyright Office to advocate for regulations that would facilitate consumers’ and […]
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