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Paul Barry Named Executive Director at CIECA

June 1, 2020 By CollisionWeek Editor

The Collision Industry Electronic Commerce Association (CIECA) announced that Paul Barry was named executive director of the organization, effective June 1. In his new role, Barry will work with CIECA’s board of trustees to develop a clear mission and objectives for the organization as well as an effective strategy to accomplish those objectives.   “With the […]

Filed Under: News Tagged With: Collision Industry Electronic Commerce Association, People

Busy Atlantic Hurricane Season Predicted

June 1, 2020 By CollisionWeek Editor

A summary infographic showing hurricane season probability and numbers of named storms predicted from NOAA's 2020 Atlantic Hurricane Season Outlook.

NOAA forecast says multiple climate factors indicate above-normal activity is most likely. An above-normal 2020 Atlantic hurricane season is expected, according to forecasters with NOAA’s Climate Prediction Center, a division of the National Weather Service. The outlook predicts a 60% chance of an above-normal season, a 30% chance of a near-normal season and only a […]

Filed Under: News Tagged With: Disaster Preparedness, NOAA, U.S. Small Business Administration, Webinar

Massachusetts Right to Repair Coalition Calls for Signatures to Support Ballot Initiative

June 1, 2020 By CollisionWeek Editor

The Massachusetts Right to Repair coalition is asking for support for its effort to include a revamped right to repair law on the November ballot in the Commonwealth. According to the group, it needs 20,000 signatures on a petition to ensure that the Right to Repair is placed on the ballot. “Usually, we would reach […]

Filed Under: News Tagged With: Massachusetts, Regulations, Right to Repair

Axalta Commences $500 Million Note Offering

June 1, 2020 By CollisionWeek Editor

Axalta Coating Systems Ltd. (NYSE:AXTA) announced that two of its wholly owned subsidiaries, Axalta Coating Systems, LLC and Axalta Coating Systems Dutch Holding B B.V. intend to offer $500.0 million in aggregate principal amount of senior unsecured notes, subject to market and other conditions, to qualified institutional buyers pursuant to Rule 144A under the Securities […]

Filed Under: News Tagged With: Axalta Coating Systems

SCA Distributes Over $30,000 of PPE Appraiser Safety Kits

June 1, 2020 By CollisionWeek Editor

In a period of 10 days, SCA Appraisal has delivered 550 Appraiser Safety Kits at no cost to members of the industry including independent appraisal suppliers, SCA franchise owners and even competitors. “The COVID-19 pandemic has impacted our entire industry and we wanted to do something to give back to those folks who make it […]

Filed Under: News Tagged With: Coronavirus, PPE, SCA Appraisal

CarParts.com Opening Texas Distribution Center

June 1, 2020 By CollisionWeek Editor

U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) announced it would open a new 210,000 square foot distribution center in Grand Prairie, Texas. The distribution center, slated to begin operations in late 2020, will create a minimum of 150 new jobs and $10 million in economic impact in its first 18 months alone. When operational, the […]

Filed Under: News Tagged With: Carparts.com, Openings, Texas, U.S. Auto Parts Network

May Auto Sales Projected to Jump Over 50% Higher than April

May 29, 2020 By CollisionWeek Editor

New Vehicle SAAR 1976-2020

Generous incentives and Memorial Day weekend sales expected to boost new vehicle sales in Edmunds Forecast. The car shopping experts at Edmunds say that generous financing offers and incentives during Memorial Day weekend helped give the auto industry a much-needed boost in May, forecasting that 1,074,542 new cars and trucks will be sold in the […]

Filed Under: News Tagged With: Edmunds, New Vehicle Sales

Uni-Select Completes Refinancing with New $565 Million Credit Facilities

May 29, 2020 By CollisionWeek Editor

Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, today announced that it has successfully secured new credit facilities providing access to additional liquidity on more flexible financial terms and conditions. The new $565 million secured credit facilities, which will mature on June 30, 2023, consist of a $350 million revolving credit facility and $215 million term […]

Filed Under: News Tagged With: FinishMaster, Uni-Select

Consumer Confidence Up Slightly in May After Record Decline in April

May 29, 2020 By CollisionWeek Editor

Consumer Sentiment Index May 2020

Consumers expect the economy to improve but remain distressed. Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment Index fell 27.7% below last May’s level, with the falloff in evaluations of current conditions and future prospects posting declines […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

NHTSA Issues Warning on Recalled Harbor Freight Jack Stands

May 29, 2020 By CollisionWeek Editor

Harbor freight jack stands with 3 and 6 ton highlighted

Harbor Freight Tools is recalling more than 1.7 million Pittsburgh Automotive 3 Ton and 6 Ton Heavy Duty Steel Jack Stands. The jack stands may collapse under load, which can increase the risk of injury to people near or under a lifted vehicle. Owners of these jack stands are asked to immediately discontinue use due […]

Filed Under: News Tagged With: National Highway Traffic Safety Administration, Recalls, Safety

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