Surplus sets new record as stock market recovers from downturn. Private U.S. property/casualty insurers’ net income after taxes and underwriting gains remained strong despite small declines compared with the prior year, according to Verisk (NASDAQ:VRSK) and the American Property Casualty Insurance Association (APCIA). Net income after taxes declined to $32.8 billion for the first half […]
Southeast Toyota Distributors Selects CCC for Collision Repair Parts Marketing
CCC Information Services Inc. (CCC) announced that Southeast Toyota Distributors, LLC will leverage the CCC Promote technology to provide its dealers with a new marketing solution to price and promote parts to thousands of collision repair facilities while estimates are being written. CCC Promote is powered by the CCC ONE platform used by 25,000 repairers […]
Lawson Products Expands Borrowing Capacity to $100 Million
Lawson Products, Inc. (NASDAQ:LAWS), parent of Kent Automotive, announced it has entered into a new credit agreement increasing its maximum borrowing capacity from $40 million to $100 million. The new agreement also includes an accordion feature, subject to certain criteria as well as obtaining additional commitments from its lenders that would provide meaningful additional borrowing […]
AASP/NJ October 17 Annual Meeting to Feature Database Enhancement Gateway Administrator
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) will welcome Danny Gredinberg, administrator of the Database Enhancement Gateway (DEG) as guest speaker for its Annual Meeting Thursday, October 17 at Gran Centurions Banquet Hall in Clark, N.J. Gredinberg will provide attendees with an overview of the purpose of the DEG and explain how […]
CAPA Elects Four New Members to its Technical Committee
The Certified Automotive Parts Association (CAPA) announced the election of four industry leaders to its Technical Committee, which develops, maintains, reviews and refines the CAPA Quality Standards, as well as CAPA’s American National Standards. Joining the Committee are: Scott Benavidez of Mr. B’s Paint & Body Shop; Mike Dolabi of National Autobody Parts Warehouse, Inc.; […]
Collision Repair Industry Production Down Slightly in July Compared to 2018
Production in the U.S. was down in July versus 2018 and from the previous month. 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 July 2019 was down compared to July 2018 and declined versus June. Production remains below […]
Collision Industry Foundation 10th Annual Gala January 16
The Collision Industry Foundation (CIF) announced its 10th Annual Gala event which will be held at a new location in Palm Springs, Calif. on Thursday, January 16, from 6:00 to 9:00 p.m. Registration for the event is available online. Due to growing attendance, rather than limit the number of guests who can attend, the event […]
Copart Expands in Montreal
Copart, Inc. (NASDAQ:CPRT) announced a 24-acre expansion to its Montreal location in Quebec, Canada. “We are excited to grow our capacity in Canada by expanding our Montreal location,” said Managing Director of Copart Canada Steve Macaluso. “This will enable us to grow our vehicle inventory and offer our members even more choices.” “With this expansion, […]
Constantino Uliano Named Area Manager for Canada at Spanesi Americas
Spanesi Americas announced the addition of Constantino Uliano, Area Manager – Canada, to the its team in order to meet the increasing demands for customer sales, support and training in the Canada marketplace. Uliano is an industry veteran with over 20 years of experience in the automotive industry and is also a welding specialist. He […]
Ranken Technical College Instructor Walt Rundell to Receive I-CAR Award
I-CAR has announced that Walt Rundell, an instructor at Ranken Technical College will receive the 2019 I-CAR Platinum/ASE (Automotive Service Excellence) Master Collision Repair & Refinish Technician of the Year award. Rundell was cited by I-CAR for his career spanning nearly four decades, his robust and diverse skill set and his hands-on approach that has […]
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