Copart, Inc. (NASDAQ: CPRT) reported that for the three months ended April 30, revenue, gross profit, and net income were $553.1 million, $251.6 million, and $192.7 million, respectively. These represent an increase in revenue of $74.9 million, or 15.7 percent; an increase in gross profit of $32.5 million, or 14.8 percent; and an increase in […]
Fix Auto UK Adds Collision Repair Center to Network in Sandhurst
Fix Auto UK announced it strengthened its network within London and the Home Counties with the addition of Perfect Paint in Sandhurst. Operating as Fix Auto Sandhurst, the 12,000 sq. ft. collision repair center is owned by Martin Weller and managed by Adrian Brimicombe. The latest addition takes the number of Fix Auto UK repair […]
Women in Auto Care, AIA Canada Announce Joint Women’s Leadership Conference Aug 7-8 in Detroit
Women in Auto Care, a community of the Auto Care Association, and Automotive Industries Association of Canada (AIA Canada) announced registration is open for the 2019 Women’s Leadership Conference. The conference will take place Aug. 7-8 in Detroit, Mich. at the Detroit Marriott at the Renaissance Center. More information about the Women’s Leadership Conference and […]
Recycled Rides Go To Three Moms With Military Ties
GEICO, Caliber Collision and Enterprise know how to show their appreciation for those in the military and those with close ties to someone who is. The three companies combined their efforts to present three military moms with vehicles that were refurbished to like new conditions and filled with good wishes from everyone connected with the […]
U.S. Property/Casualty Insurers Preliminary First Quarter Results Show 24% Underwriting Income Increase
While AM Best analysis of interim financial reports shows improvement in income, loss and loss adjustment expense increased during the quarter. The U.S. property/casualty (P/C) industry posted net underwriting income of $4.2 billion in first-quarter 2019, according to preliminary financial results, a 24.0 percent increase from the first quarter of 2018. This financial review is […]
Consumer Reports Says Tesla AutoPilot Needs Immediate Changes, Calls for NHTSA Defect Inquiry
Consumer Reports is calling for changes to Tesla’s Autopilot driver assistance system in the wake of a preliminary report May 16 from the National Transportation Safety Board (NTSB) on the fatal March 2019 crash of a Tesla Model 3 with a semi-trailer in Delray Beach, Fla. The report indicated that the Autopilot driver-assist system was […]
Tradiebot Industries Announces Collaboration on 3D Scanning Technology
Tradiebot Industries and Shanghai Digital Manufacturing (SHDM) today launched a collaborative project directed at developing 3D scanning technologies. Australia-based Tradiebot is developing robotic 3D printing technology it hopes will have applications in the collision repair industry. In March, its Repairbot project 3D printed a replacement bracket onto a headlight assembly. The collaboration announced today will […]
Stet Schanze to Serve as Automotive Lift Institute Interim Board Chairman
Jerry Lentz retires, ALI board to elect new chairman at fall annual meeting. Stet Schanze of Gray Manufacturing Company in St. Joseph, Mo., will serve as chairman of the Automotive Lift Institute (ALI) Board of Directors effective today following the retirement of Jerry Lentz of Challenger Lifts from Louisville, Ky. Schanze, who is the immediate […]
NASTF Names Sheri Hamilton to Education Team
The National Automotive Service Task Force (NASTF) announced the addition of Sheri Hamilton, Executive Director of the Midwest Auto Care Alliance, to the Education Team (EDU). Hamilton coordinates VISION Hi-Tech Training & Expo in Kansas City, Mo. In addition, she brings years of experience in coordinating and delivering education programs. NASTF Chairman, Mark Saxonberg welcomed […]
Trump Administration Delays Action on Auto and Parts Tariffs 180 Days
Move will allow time for negotiations on trade in automobiles and parts under national security investigation. Announces agreement removing aluminum and steel tariffs on Canada and Mexico. President Trump issued a proclamation directing his Administration to pursue negotiations to protect the U.S. automobile industry. At the President’s direction, the United States Trade Representative will immediately […]
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