Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter and year ended July 31 that its revenue, gross profit, and net income were $525.7 million, $250.4 million, and $165.5 million, respectively. These represent a decrease in revenue of $16.9 million, or 3.1%; an increase in gross profit of $7.8 million, or 3.2%; and an […]
Chuck Searles Named President of Automotive Management Institute
New leader of management training body has nearly three decades of industry experience, including 19 years with Nissan. The Board of Trustees at the Automotive Management Institute (AMi), the provider of management education for automotive service and collision repair professionals, announced that Chuck Searles has been selected as the organization’s new president, effective immediately. Searles […]
CSN Collision Centres Adds New Collision Repair Center to Network in Calgary
CSN Car Salon in Calgary, Alberta is the latest addition to the CSN Collision Centres network of collision repair facilities. In addition to collision repair, CSN Car Salon also offers mechanical repairs and tire service, window tinting and graphics, accessories, detailing, and audio services. CSN Car Salon Owner, Gary Thomsen, admits that he has not […]
Enterprise Holdings Closes Acquisition of Discount Car and Truck Rentals in Canada
Enterprise Holdings Inc. announced today its Canadian subsidiary has closed its acquisition of Discount Car and Truck Rentals, a leading Canadian car and truck rental company serving customers across Canada that was announced last year. All conditions of closing have been satisfied, including receipt of a no action letter from the Canadian Competition Bureau. The […]
UK Motor Claims Fell 48% in the Second Quarter Compared to First
The average claim value reached a record high. As expected, the number of motor insurance claims notified to insurers in the second quarter of the year fell significantly according to figures out today from the Association of British Insurers (ABI). The fall largely reflected the lockdown period, when far fewer vehicle journeys were made. Claim […]
DDI Technology Announces Office Move
DDI Technology (DDI), the automotive title management and technology firm and a subsidiary of IAA, Inc. (NYSE: IAA) announced the opening of the company’s new 16,500 sq. ft. corporate offices just in Irmo, S.C. outside of Columbia. The new, more modern facility will provide needed additional space for growth and future expansion. “The new office […]
U.S. Gasoline Consumption Above 9000 Thousand Barrels per Day for First Time Since March
For the week ending August 21, gasoline consumption hit the highest level since March 13 when shut down orders began. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending August 21 was up both versus the previous week and month. Gasoline consumption was down for the […]
Crash Champions Acquires Collision Repair Center in Milwaukee
The Crash Champions organization announced today their expansion into the Milwaukee, Wis. market with the acquisition of Silver Spring Collision Center in West Bend. The Lamberty family has owned Silver Spring Collision, located at 3000 W. Washington Street, since 1983. With the addition of this facility, Crash Champions continues its expansion throughout the United States […]
Lawson Products Acquires Partsmaster
Lawson Products, Inc. (NASDAQ: LAWS) announced the acquisition of Partsmaster, a leading maintenance, repair and operations (MRO) solutions provider with annual sales of approximately $63 million. Partsmaster serves 16,000 customers with over 200 sales representatives principally through a distribution center located in Greenville, Texas. “This transaction is an important step in our continued growth strategy. […]
NOVUS Glass Adds Location in Nova Scotia
NOVUS Glass announced the addition of NOVUS Glass Bridgewater to its network in Nova Scotia. Owner Glenn Toope has been in the automotive aftermarket industry for 35 years as an entrepreneur and educator. He knew from an early age that he wanted to fix cars. He felt there was a need for a facility in […]
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