Wholesale North America organic revenue for parts and services was 10.7% Overall parts and services organic revenue growth was 3.8% overall and 4.2% on a per day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2022 was $3.3 billion, a decrease of 2.7% as compared to $3.4 billion in the second […]
CARSTAR Adds Collision Repair Center to Network in Georgia
CARSTAR announced the opening of CARSTAR Car Crafters, a 14,000 square foot facility located at 80 Scenic Drive in Blue Ridge, Ga. Jeff Beavers, owner of CARSTAR Car Crafters, began his career in the collision repair industry at the age of 18. However, he grew up around cars as his father spent his free time […]
Driven Brands Acquires Jack Morris Auto Glass
Driven Brands Holdings Inc. (NASDAQ:DRVN) the acquisition of longstanding Tennessee-based Jack Morris Auto Glass. Family-owned and operated since 1951, Jack Morris Auto Glass grew from one location in Downtown Memphis to 10 facilities serving 90 counties throughout the Mid-South and Middle Tennessee. “To build and sustain a business through multiple generations is no easy feat,” […]
IAA Opens New Hawaii Branch
IAA, Inc. (NYSE:IAA) announced the opening of new, full-service facility in Honolulu, Hawaii. This new location more than triples IAA’s capacity in the state, providing support to meet evolving client needs. IAA’s previous Honolulu location will be retained for overflow use and is also available for critical CAT situations as they arise. “We are thrilled […]
Lemonade Completes Acquisition of Metromile
Lemonade (NYSE:LMND) announced the closing of its previously announced acquisition of car insurance provider Metromile. Metromile shareholders received 7.3 million LMND shares, while Lemonade received a business with over $155 million in cash, over $110 million in premiums, an insurance entity licensed in 49 states, and a team unsurpassed in harnessing precision data for auto […]
Axalta Reports Sales Up 9.6% in Second Quarter Compared to 2021
Refinish sales increased 6% to $491.1 million. Announces CEO transition. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the second quarter ended June 30 as well as the departure of CEO Robert Bryant at the end of August. The company reported that second quarter net sales were $1,234.9 million, an increase of 9.6% […]
Driven Brands Reports Second Quarter Revenue of $508.6 Million, Up 35% Versus Last Year
Driven Brands Holdings Inc. (NASDAQ: DRVN) today reported revenue was $508.6 million for its second quarter ended June 25, an increase of 36% versus the prior year. System-wide sales were $1.4 billion, an increase of 22% versus the prior year, with 7% net store growth and an increase in consolidated same-store sales of 13.2%. The […]
J.D. Power ChromeData and Ford Partner to Expand Build Data Coverage
J.D. Power ChromeData, the provider of vehicle data and software solutions, announced an agreement with Ford Motor Company to utilize Ford, Lincoln and Mercury build data to further enhance the ChromeData Vehicle Description Services. “Ford’s initiative to utilize its build data to help dealers, lenders and other industry partners will bring more clarity in understanding […]
CIECA Announces Agenda and Speakers for CONNEX 2022 Conference
The Collision Industry Electronic Commerce Association (CIECA) announced its agenda and speakers for its September 13-14 CIECA CONNEX Conference being held in St. Louis/St. Charles, Mo. In addition to a line-up of top industry speakers, there will be networking opportunities, a gifting ceremony by the National Auto Body Council (NABC) as part of its NABC […]
AAA Research Shows Drivers Change Habits to Counter High Gas Prices
New survey finds Americans are driving less as gas prices remain high. New survey data from AAA finds that drivers are making significant changes to cope with record pump prices. Almost two-thirds (64%) of U.S. adults have changed their driving habits or lifestyle since March, with 23% making “major changes.” Drivers’ top three changes to […]
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