Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter and year ended July 31, 2021. For the quarter, revenue, gross profit, and net income were $748.6 million, $357.5 million, and $256.0 million, respectively. These represent an increase in revenue of $223.0 million, or 42.4%; an increase in gross profit of $107.1 million, or 42.7%; and […]
Women in Auto Care Awards Over $175,000 in Scholarships and Tools in 2021
Women in Auto Care, a community of the Auto Care Association, awarded more than $175,000 in scholarship funding and starter tool sets to 63 female students across the United States looking to have a career in the auto care industry. The group’s scholarship program began in 2004 and has grown to awarding over $100,000 for […]
Research Shows Crash Avoidance Technology Results in Larger Collision Claims Reduction for Young Drivers than Other Age Groups
Crash avoidance features seem to benefit young drivers more than others according to an analysis of insurance data by the Highway Loss Data Institute. Crash avoidance systems are associated with larger reductions in the frequency of collision and property damage liability (PDL) claims for drivers under 25 years old than those ages 25 and older, […]
Mitchell and Car ADAS Solutions Partner to Provide Enhanced Calibration Support
Collaboration assists collision repairers with set up and operation of calibration centers for vehicles equipped with Advanced Driver Assistance Systems. Mitchell and Car ADAS Solutions, an Advanced Driver Assistance System (ADAS) technology and services company, have joined forces to offer enhanced support for dynamic and static ADAS calibrations. Mitchell’s MD-500 scan tool and MD-TS21 target […]
Ford Motor Company and LexisNexis Risk Solutions Partner to Provide Connected Vehicle Data to Auto Insurers
LexisNexis Risk Solutions and Ford Motor Company today announced they have entered into a strategic agreement so that Ford connected vehicle data can be available to U.S. auto insurers via the LexisNexis Telematics Exchange. Ford and Lincoln customers with an eligible 2020 model year or newer vehicle can opt in to participate in usage-based insurance […]
Opus IVS and Certified Collision Group Launch Collision Repair Diagnostic Partnership
The Certified Collision Group (CCG) has entered into an agreement to deploy the Opus IVS collision scanning solution to its network of over 575 independent affiliate collision repair locations in 39 states. CCG worked with Opus IVS, formerly known as Drew Technologies, to bring ScanSafe and DriveSafe to the group – allowing shops to improve […]
I-CAR Publishes Best Practice for High-Voltage Disconnecting Procedure
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the official release of the Electric Vehicle (EV) Best Practice guide for a High-Voltage Disconnecting Procedure. Information on the procedure, including links to downloadable documents are available online. The document is designed to complement OEM repair procedures, providing guidance for technicians in this extremely important area […]
NJM Insurance Group Expands in the Mid-Atlantic Region
Announces launch in Maryland and Delaware. NJM Insurance Group today announced it now offers its full complement of personal and business insurance in Maryland and full line of business insurance in Delaware. “We are pleased to bring NJM’s insurance products and nationally recognized customer satisfaction to Maryland and Delaware consumers,” said Mitch Livingston, NJM president […]
Subaru Canada Selects Certified Collision Care to Administer OEM Collision Repair Certification Program
Subaru Canada, Inc. has selected Certified Collision Care, the Canadian division of Assured Performance Network, as their exclusive strategic partner to administer and manage the new Subaru Certified Collision Centre Program when it launches in this month. The program will identify, certify, and promote dealership and independent facilities as collision repair providers of choice, to […]
Jill Meeuwsen to Present During September 9 Guild 21 Webinar on Team Optimization
VeriFacts Automotive, LLC announced that the next Guild 21 Webinar will be held on Thursday, September 9 at 2 p.m. (EDT). The presentation, Optimizing Your Best Asset – Your Team, will be 60-minutes long and feature Jill Meeuwsen, CEO of Synergy-Peak Performance Thru People, a consulting firm specializing in helping companies drive growth and profitability […]
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