Succeeds Kimberly McWaters who will retire October 31. Universal Technical Institute, Inc. (NYSE: UTI) announced that Kimberly J. McWaters has advised the Board that she will retire as Chief Executive Officer effective October 31. McWaters will continue to serve on the Board of Directors as a non-executive director. Jerome A. Grant, the company’s Executive Vice […]
NOAA Winter Outlook Projects Warmer than Average Temperatures for Much of U.S.
The winter outlook predicts more precipitation in the North, drought improvement expected in the Southeast. Warmer-than-average temperatures are forecast for much of the U.S. this winter according to NOAA’s Climate Prediction Center. Although below-average temperatures are not favored, cold weather is anticipated and some areas could still experience a colder-than-average winter. Wetter-than-average weather is most […]
One Equity Partners Acquires MEDCO
One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the acquisition of MEDCO, from Essendant, Inc. in a corporate carve-out transaction. Financial terms of the transaction were not disclosed. Medco is a wholesale distributor of automotive aftermarket tools and collision repair products, serving both traditional distribution and mobile tool […]
AAPEX Show Will Highlight Industry Fight for Access and Control of Vehicle Data
The AAPEX 2019 show will host several events to educate and activate the automotive aftermarket industry in the fight for access to and control of vehicle data through the Your Car. Your Data. Your Choice. national consumer education campaign. AAPEX takes place Tuesday, Nov. 5 through Thursday, Nov. 7, at the Sands Expo in Las […]
NHTSA Will Propose Upgrades to Vehicle Crash Test and Rating Program Next Year
The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced its plan to propose updates and upgrades to the New Car Assessment Program in 2020. “NCAP is celebrating its 40-year anniversary, and we’re proud that it continues to encourage automakers to invest in safety,” said NHTSA Acting Administrator James Owens. “NHTSA’s Government 5-Star Safety […]
ARA Endorses G. J. Sullivan as Preferred Insurance Carrier
The Automotive Recyclers Association (ARA) announced that G. J. Sullivan is now the preferred insurance carrier for its membership of professional automotive recyclers. G.J. Sullivan offers a wide range of insurance products and solutions for the automotive recycling industry. The announcement was made during ARA’s 76th Annual Convention and Exposition held October 10-12, in Charlotte, […]
Collision Claims Down in Second Quarter
Auto physical damage indicators influencing collision repair industry volume declined during the second quarter of 2019 compared to the previous year. Loss cost continues to increase. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims decreased in the U.S. during the 12 months […]
Fix Network Canada Opens Training Center in Ontario
Additional training facilities planned for Quebec and Alberta. On October 1st, over 100 guests attended the Fix Network Canada Training Centre grand opening in Milton, Ontario, Canada. This center is not only a first for the Network, but the first of its kind in the automotive aftermarket services industry. The center includes 6,400 square feet […]
PPG Reports Third Quarter Sales of $3.8 Billion
PPG (NYSE:PPG) today reported third quarter 2019 net sales of approximately $3.8 billion, comparable with the prior year. Net sales in constant currencies were about 2% higher versus the previous year, driven by higher selling prices of 2.6%, and acquisition-related sales, net of divestitures, of more than 2%. Aggregate sales volumes were down nearly 3% […]
CIECA Webinar November 12 Examines Impact of New Technologies on Auto Physical Damage Claims
The Collision Industry Electronic Commerce Association (CIECA) announced its next CIECAst webinar, This Changes Everything: The Impact of New Technologies on the Auto Physical Damage & Claims Ecosystem – What Repairers and Other Collision Industry Stakeholders Need to Know, will be held on Tuesday, November 12th at noon EST and feature Stephen Applebaum, managing partner […]
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