Universal Technical Institute, Inc. (NYSE: UTI), the provider of transportation technician training, reported financial results for the fiscal 2018 third quarter ended June 30,. Revenues for the quarter were $74.9 million, down 1.8 percent compared to $76.3 million for the prior year period. The year-over-year revenue variance was primarily attributable to a 5.1 percent decrease […]
Boyd Group Reports Second Quarter Sales Up 18.9% from 2017
Same store sales up 3.2 percent. The Boyd Group Income Fund (TSE:BYD.UN) on Friday reported its financial results for the three and six-month periods ended June 30. Sales increased by 18.9 percent to CA$456.6 million ($348.11 million) from CA$384.0 million ($292.76 million) in 2017, including same-store sales increases of 3.2 percent. Adjusted earnings before interest, […]
Abra Acquires Collision Repair Center in Georgia
Abra Auto Body Repair of America announced the acquisition of a new collision repair center in Athens, Ga., its 23rd location in the state. Located at 1950 Jimmy Daniel Road in Athens, the 32,000 square foot Georgia Square Collision’s business operations were acquired in a deal that closed on August 3. The transaction was brokered […]
AASP/NJ Program Seeking to Help Local Law Enforcement Solve August 3 Hit & Run
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) is seeking its members’ help in assisting NJ law enforcement in the hunt for a vehicle that was involved in a fatal hit and run accident on August 3 in Woodland, N.J. Police are seeking a dark colored vehicle, likely blue or black, with body […]
Uni-Select Reports Second Quarter Sales Up 35.6%
Uni-Select Inc. (TSX: UNS) reported its financial results for the second quarter ended June 30. Sales up 35.6 percent to $461.6 million of which The Parts Alliance contribution represented $111.0 million or 32.6 percent. The company reports positive organic growth of 0.7 percent at FinishMaster US segment, 8.6 percent at The Parts Alliance on a […]
U.S. Length of Rental Slightly Up in Q2 2018
Latest data from Enterprise Rent-A-Car show similar quarterly results to same quarter in previous two years. Average Length of Rental (LOR) for Q2 2018 landed at 11.6 days in the United States, an increase of .1 days compared to Q2 2017 according to Enterprise Rent-A-Car. This stagnation in the 2nd Quarter is now an official […]
Boyd Group Acquires Collision Repair Centers in Wisconsin and Alabama
The Boyd Group Inc. announced the August 3, acquisition of a collision repair center in Kenosha, Wisconsin. This center was previously operated as Jay-Bee Collision Repair Center. Kenosha is located in southwestern Wisconsin, about 65 miles north of Chicago and 40 miles south of Milwaukee. This new center is situated four miles from Interstate 94, […]
CCC Webinar on Technology Change Agents and the Future of Auto Insurance August 15
CCC Information Services Inc. (CCC) announced that executives from the company will be hosting a webinar discussion on the top technology change agents impacting the future of auto insurance. Susanna Gotsch, CCC’s Industry Analyst and author of the Crash Course report, and Jason Verlen, the company’s Senior Vice President of Product Management, will share research, […]
3M and Collision Repair Education Foundation Race to Support Veterans
Collision Repair Shops can donate to 3M Hire Our Heroes for opportunity to compete at Las Vegas Motor Speedway in the 3M Hire Our Heroes 500 3M Automotive Aftermarket Division, along with the Collision Repair Education Foundation, is putting its effort to provide collision repair education opportunities for military members into high gear this year, […]
Mitchell Announces Agreement with Assured Performance Network
Assured Performance named as an Audit & Inspection Vendor for Mitchell’s Collision Repair Network Management solutions. Mitchell International, Inc. announced it has signed an agreement with Assured Performance Network, Inc., for it to provide field services in support of Mitchell’s Collision Repair Network Management solutions. Mitchell will use Audit & Inspection Vendors (AIVs) to provide […]
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