Maaco concluded the celebration of its 50th anniversary at the 2022 Maaco Convention, held at the beautiful Omni La Costa Resort and Spa in Carlsbad, Calif., with awards and recognition for outstanding performance, leadership and operational excellence. The 2022 Maaco Convention ran from November 15 – 18. Over the course of the four days. Franchise […]
Hertz Supports High Schools and Colleges Through Collision Repair Education Foundation
Hertz has repeatedly proven its dedication to high school and college collision repair schools and students through its generous support and sponsorship of the Collision Repair Education Foundation (CREF), contributing over $125,000 to the industry’s future in 2022. “CREF is so grateful to Hertz for its ongoing commitment to the students pursuing a collision career […]
U.S. Auto Body Repair Prices Up Over 13% in October Compared to Last Year
The increase in auto body repair prices is down from the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through October show the rate of growth of auto body repair prices is above the rate of general inflation for the 16th month in a row, […]
Crash Champions Acquires Collision Repair Center in Georgia
Crash Champions, LLC announced that the organization has acquired Harold’s Auto Body Shop, a 21,000-square-foot collision repair center located at 5500 McCall Road in Rincon, Ga. This acquisition continues Crash Champions’ strategic growth across Georgia, as the organization now serves customers at 12 locations across the state. Nationwide, the company operates more than 580 high-quality […]
1Collision Adds Collision Repair Center to Network in Inglewood, California
1Collision announced the addition of Exotic Auto Body, located in Inglewood, Calif. to its network. Opened eight years ago, Exotic Auto Body joined 1Collision after learning about the company’s focus and affiliated locations. “We feel like the 1Collision staff have the same ethics and goals as we do,” said Gary Naymon from Exotic Auto Body. […]
NOVUS Glass & ProColor Collision Held Second Annual Conference in Dallas, Texas
NOVUS Glass and ProColor Collision held its second annual conference in Dallas, Texas from October 19-21, that brought together more than 200 participants. The three-day national conference, titled ’Full Speed Ahead’, put the spotlight on the critical issues currently facing the aftermarket industry. The event included high-powered speakers, technology experts, bestselling authors and top authorities […]
GM Expects North American EVs to be Profitable in 2025 as Capacity Tops 1 Million
At investor meeting, vehicle manufacturer updates 2022 financial guidance and provides performance indicators through 2025. General Motors Co. (NYSE: GM) expects its growing portfolio of electric vehicles will be solidly profitable in 2025 in North America as the company scales electric vehicle (EV) capacity in the region to more than 1 million units annually, ramps […]
New Hampshire Supreme Court Rules in Favor of Collision Repair Shop in Assignment of Benefits Dispute with State Farm
Majority opinion says policy language restricting an insured’s ability to assign the benefits of their claim to a collision repair facility is ambiguous, overturning a lower court ruling to dismiss the case. The New Hampshire Supreme Court on Tuesday overturned a lower court ruling that in favor of State Farm to dismiss a breach of […]
Crash Champions Acquires Dealership Collision Repair Center in Kansas City, Missouri
Crash Champions, LLC announced it expanded its footprint in the Kansas City metropolitan area, through the acquisition of Molle Toyota’s collision repair center. As part of the deal, Molle Toyota will maintain full independent ownership and operations of its automotive dealership, while Crash Champions will acquire and assume operations of the collision repair center effective […]
Copart Reports First Quarter Revenue Up Over 10%
Copart, Inc. (NASDAQ:CPRT) reported revenue of $893.4 million for its fiscal first quarter ended October 31, an increase in revenue of $83.2 million, or 10.3%, from the same period last year. Gross profit $369.5 million, down $15.5 million, or 4.0%, and net income was $245.8 million, a decrease of $14.5 million, or 5.6%, from the […]
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