IAA, Inc. (NYSE:IAA) announced consolidated revenues increased 50.0% to $445.1 million in its second quarter that ended June 27 from $296.8 million in the second quarter of fiscal 2020. Foreign currency movements resulted in a benefit of $5.9 million to revenue for the quarter. Excluding this impact, organic revenue increased 48.0% to $439.2 million, consisting […]
PPG Recognized for Environmental, Social and Governance (ESG) Practices
PPG (NYSE:PPG) announced that it has been named to the FTSE4Good Index Series for the third consecutive year. The index measures the performance of companies’ environmental, social and governance (ESG) practices. “Our unwavering commitment to developing and delivering the paints and coatings that will create solutions today for a more sustainable tomorrow is backed by […]
Eric Wilbert Nominated to Join Executive Committee of Automotive Recyclers Association
The Automotive Recyclers Association (ARA) announced that professional automotive recycler Eric Wilbert of Wilbert’s U-Pull-It, LLC in Williamson, N.Y. has been nominated to join the Association Executive Committee as Secretary for 2021-2022. “Coming from a family with predecessors that have been very active with many associations, I am incredibly honored to be nominated as the […]
Consumer Sentiment Declines on Concerns Over Slowdown in Economy Amid Rising COVID Risks
Concerns over inflation at highest levels in more than 50 years. Consumer sentiment fell in July, posting a monthly decline of 5.0% from June, falling to the lowest level since February, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 81.2 in July 2021 from June’s 85.5, and the […]
Classic Collision Acquires 14 Collision Repair Centers in Pacific Northwest
With the acquisition, Classic now operates 100 locations in eight states. Classic Collision, LLC announced the acquisition of 14 Central Auto Body locations in Oregon and Washington. Classic Collision now operates a total of 100 repair centers in Georgia, Florida, Alabama, South Carolina, California, Alaska, Oregon, and Washington. Central Auto Body, in business for three […]
CCC and Dragoneer Investment Group Close SPAC Merger
CCC Intelligent Solutions Inc. and Dragoneer Investment Group, LLC completed the previously announced business combination of CCC and Dragoneer Growth Opportunities Corp., a special purpose acquisition company (SPAC) formed by Dragoneer Investment Group on July 30. The Business Combination was approved by Dragoneer shareholders at a special meeting held July 29. Starting today, the common […]
Michelle Sullivan Appointed U.S. Sales Director at AkzoNobel
AkzoNobel today announced that Michelle Sullivan is appointed Sales Director for its Vehicle Refinish (VR) US-East Region effective August 1. Michelle reports directly to John Griffin, Regional Commercial Director – AkzoNobel Automotive & Specialty Coatings, Americas, and President – AkzoNobel, Inc. In her new role, Michelle is responsible for leading sales efforts across all VR […]
July Gas Consumption and Interstate Traffic Continues Near Pre-Pandemic Levels
Following record gasoline demand on weekly basis leading into July 4 holiday, the four-week moving average has remained within 1% of 2019 levels. Interstate passenger traffic at similar levels. The recovery in gasoline consumption and traffic volume has held following the record demand leading into the July 4 holiday in the U.S. The four-week moving […]
Automotive Lift Institute Reports Counterfeit Gold Certification Label Found in Ontario, Canada
The Automotive Lift Institute (ALI) warned of counterfeit gold “Certified Automotive Lift” labels being applied to automotive lifts. The ALI safety notification said that that certain automotive lifts from Budget Automotive Equipment Inc. installed in Ontario and possibly other Canadian provinces or U.S. States may bear a fraudulent declaration of compliance and product certification intended […]
I-CAR Announce Board Election Results
The Inter-Industry Conference on Auto Collision Repair (I-CAR) Board of Directors announced the election of four individuals to fill open board seats, including two members returning for a second, three-year term. The Board’s election process concluded on July 14 and new board members will assume their roles immediately following the August 25 I-CAR Board of […]
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