Production was up in December versus both 2017 and the previous month. For the year, however, production declined. 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 December 2018 was up compared to both 2017 and November. Production remains […]
American Family Acquires Ameriprise Auto & Home for $1.05 Billion
American Family Insurance Mutual Holding Company announced it has reached agreement to acquire Ameriprise Auto & Home (AAH), a De Pere, Wisconsin-based property-casualty insurance provider that primarily sells its products through a partnership with wholesale retailer Costco. “With our proven track record and strong investments in our people, technology and other innovations, we know what […]
Boyd Group Expands Credit Facility to $400 Million to Support Acquisitions
The Boyd Group Income Fund (TSE:BYD.UN) announced that it has expanded its revolving credit facility to $400 million through the accordion feature available under its existing facility. “As we execute on our long-term growth strategy, we continue to see many attractive opportunities to make accretive acquisitions,” said Pat Pathipati, Executive Vice President and Chief Financial […]
IAA Announces Branch Expansions in Five States
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced expansions at branches in five states. The expansions have added more than 110 acres to IAA’s footprint in Alabama, Arkansas, Minnesota, New York, and Texas to address sellers’ logistical needs and provide increased inventory options for buyers. “By anticipating our current […]
LKQ Enters Diagnostic Services Business with Elite Electronics Acquisition
LKQ Corporation (NASDAQ:LKQ) announced that it has acquired Elite Electronics, the Richardson, Texas based automotive diagnostic and repair services firm. This acquisition launches LKQ into the vehicle services market, converging LKQ’s parts and distribution business with Elite’s services to further facilitate customers’ needs. Elite Electronics provides mobile and on-site diagnostics for automotive collision and mechanical […]
Massachusetts Multiple Collision Repair Shop Owner Charged in $170,000 Insurance Fraud Case
Attorney General alleges shop operator intentionally damaged vehicles to increase insurance payments. The owner of two collision repair shops in Massachusetts has been indicted in connection with a motor vehicle fraud scheme in which he allegedly intentionally damaged vehicles and stole more than $170,000 from 11 different insurance companies, Attorney General Maura Healey announced April […]
Collision Repair Education Conference Scheduled for Carolinas May 18-19
The inaugural Carolina’s Educational Collision Conference (CECC) will take place on May 18-19 at the Cabarrus Arena at 4551 Old Airport Rd. in Concord, N.C. The educational event for collision repair industry professionals in the Carolinas features classes and seminars from industry-leading speakers, along with vendors, giveaways, auctions and food all around NASCAR All-Star Race […]
Brian Plott Named ETI Executive Director
Brian Plott has been named Executive Director of the Equipment and Tool Institute (ETI). Plott brings over 25 years of experience in aftermarket tool and equipment sales, OEM diagnostics, executive level new business development, and strong relationships across the automotive industry. Plott has held equipment sales management roles with Bosch Automotive Service Solutions, ITW Food […]
Boyd Group Acquires Seven Collision Repair Centers in Oregon and Washington State
The Boyd Group Inc. announced the March 29 acquisition of seven collision repair centers in Oregon and Washington. Two facilities are in Beaverton and Portland, Ore., and five in Washington State ‒ two in Seattle, and one each in Burien, Kent and Olympia. These repair centers were all previously operated by Noel Pennington, who started […]
Louisiana Legislation Seeks to Prohibit Insurers from Using Photos to Generate Collision Repair Estimates
Legislation would require appraisers and insurers to disclose that consumers are not required to submit photos to obtain an appraisal. Bill also requires insurers to secure a signed aftermarket crash part disclosure. Legislation pre-filed in Louisiana seeks to prohibit appraisers from preparing repair estimates using photographs or telephone calls and require a personal inspection. House […]
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