PPG (NYSE:PPG) reported first quarter 2021 net sales of approximately $3.9 billion, approximately 15% higher than the prior year. Selling prices increased by nearly 2% and sales volumes were higher by approximately 7% year over year. Favorable foreign currency translation impacted net sales by more than 3%, or about $110 million, and acquisition-related sales contributed […]
NFIB Warns U.S. House Passage of Paycheck Fairness Act Harms Small Business
The National Federation of Independent Business (NFIB) warned that the U.S. House of Representatives passage of H.R. 7, the Paycheck Fairness Act, would create regulatory and legal issues for small businesses that would need to defend differences in pay across employees. In a statement, NFIB Senior Manager of Federal Government Relations Jeff Brabant said, “The […]
Insurance Association Warns Florida Senate No-Fault Repeal Legislation Could Lead to More Uninsured Drivers
In a statement April 15 issues in response to the the passage of Senate Bill 54 (Motor Vehicle Insurance) to repeal no-fault insurance by the Florida Senate, the American Property Casualty Insurance Association (APCIA) warned the bill would impact lower-income drivers the most and would increase uninsured drivers. Logan McFaddin, assistant vice president of state […]
Copart Adds New Location in Spain
Copart, Inc. (NASDAQ:CPRT) announced the addition of a new location in Mallorca, Spain. The facility is in the Balearic Islands of the Mediterranean. “We are thrilled to open Copart’s seventh facility in Spain, to serve our customers,” said Spain Managing Director Santiago Zamit.
Legislation to Restrict Insurance Companies from Requiring Specific Collision Repair Facility Vendors Reintroduced in New York State
Proposed bill would prohibit insurer requirement that collision repair facility use a specific vendor for parts or materials purchases. A bill that would make it illegal for insurance companies to require repair shops to use specific vendors or processes for the acquisition of collision repair parts and materials has been reintroduced in New York State. […]
Sherwin-Williams Announces Second Quarter Collision Repair and Refinish Training Schedule
The second quarter Sherwin-Williams training curriculum featuring 22 courses has been released. These sessions, intended for collision repair industry professionals at every experience level, equip attendees with the skills needed to maximize profitability and increase productivity. “Continuing education is critical in the automotive industry due to its ever-changing, fast-paced nature,” says Rob Mowson, marketing vice […]
Registration Open for ASE Spring Certification Tests
The National Institute for Automotive Service Excellence (ASE) spring registration is now open and more service technicians than usual will be scheduling tests before their certifications expire on June 30. ASE encourages those planning to register for tests do so as soon as possible. Test centers are open and registering now will help ensure a […]
Michael Buffamonti Named President at Dynabrade
Dynabrade, Inc. announced the appointment of Michael Buffamonti as the company’s new president, effective April 1. Buffamonti most recently served as chief financial officer for the company and has been a member of the executive management team for many years. Prior to joining Dynabrade, he held various management positions at Deloitte LLP. Since the beginning […]
Joel Adcock Named Director of Business Development at 1Collision
1Collision announced the addition of Joel Adcock as Director of Business Development. Adcock will be responsible for the continued growth, development, and expansion of 1Collision locations throughout the US. Adcock joins the 1Collision Team after the past four years at Auto Web Tuners and has previous experience in the Industry at the shop level, on […]
NAIC Reports Lower Auto Insurance Premiums Earned Down Less than Half a Percent in 2020
Pandemic rebates and discounts impacted total spending on auto insurance. Top 10 Auto insurers continued to grow market share during 2020 in the U.S. Total direct premiums earned on private passenger auto insurance were $250 billion in the U.S. in 2020, down about $1 billion, or 0.39% from $251 billion in 2019. As a result […]
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