Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced it has completed the purchase of the controlling stake of Kaynak Teknigi Sanayi ve Ticaret A.S. (Askaynak) to advance Lincoln Electric’s regional growth strategy in Europe, the Middle East and Africa . “We are pleased to welcome the Askaynak team into Lincoln Electric ,” stated Christopher L. Mapes, Chairman, […]
Wholesale Used Vehicle Prices Up Year over Year
While up compared to 2018, wholesale vehicle prices were below May levels. According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, the 2019 spring/tax season used vehicle market came to an end appropriately in June, as average wholesale prices fell on a month-over-month basis, although they were up year-over-year. Solid retail used […]
Copart Opens New Location in Buffalo
Copart, Inc. (NASDAQ:CPRT) announced the opening of its new location in Buffalo, New York, the second largest city in the state. The Buffalo facility is the sixth in the state and will complement Copart’s Rochester location in providing capacity for operations in the western part of New York. “Expanding our business to Buffalo is another […]
Plymouth Rock to Acquire NJ Motorcycle Insurer
Plymouth Rock Assurance reached agreement today to expand its investment in the motorcycle insurance segment with the acquisition of Rider Insurance Company, subject to regulatory approvals. A New Jersey-based motorcycle insurance carrier with $21 million in annual premiums, Rider Insurance was founded by a motorcycle enthusiast and has been committed to protecting fellow riders for […]
Caliber Collects Over $900,000 in Donations or 5.4 Million Meals in Eight Weeks
More than 85 food banks across 37 states will be able to restock their shelves to ensure at-risk kids do not go hungry this summer thanks to Caliber Collision’s 2019 Rhythm Restoration Food Drive collecting over $900,000 in donations or 5.4 million meals from April through May. Caliber’s 20,000 teammates raised cash and food donations […]
Collision Repair Industry Production Up 4% in April Compared to 2018
Production was up in April versus 2018 but down slightly from the previous month in the U.S. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that collision repair industry production in April 2019 was up compared to April 2018 but declined versus March. Production […]
CARSTAR Announces Top Performers Awards
At its annual conference last week, CARSTAR recognized the Canadian and U.S. top performing CARSTAR franchise partners of the year for their leadership and success throughout the network. On July 11, Jeff Labanovich, Canada general manager, and Arlo Johnson, U.S. general manager, presented the awards for Customer Experience and Top Cycle Time. The winners were […]
Auto Care Caucus Reaches 30 Members of Congress
The Auto Care Caucus, a bipartisan group of U.S. Representatives who support the independent auto care industry, has reached the 30-member milestone—a notable achievement considering the caucus recruited 19 members during the entire 2017-2018 congressional session. The Auto Care Caucus was launched by the Auto Care Association and co-chairs, Reps. Scott Perry, R-Pa., and Brendan […]
Shane Wheeler Named VP of Claims at GEICO
The GEICO Board of Directors has promoted Shane Wheeler to vice president in charge of the company’s claims operations. Wheeler will be based at GEICO corporate headquarters in Chevy Chase, Maryland. Since 2016, he had served as assistant vice president of claims for GEICO’s regional operations in Tucson, Arizona. Before that, he was the liability […]
NOAA Reports U.S. Had its Wettest 12 Months on Record Again
Rain, and plenty of it, was the big weather story in June, adding to a record-breaking 12 months of precipitation for the contiguous U.S. It’s the third consecutive time in 2019 (April, May and June) the past 12-month precipitation record has hit an all-time high. From NOAA’s National Weather Service: Just 367 days after the […]
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