In 2018, State Farm experienced a property-casualty underwriting gain, as well as increases in total revenue, net income and net worth. As the number one Auto and Homeowners insurer in the U.S., State Farm remains committed to serving its policyholders. The State Farm property-casualty (P-C) group of companies reported a combined underwriting gain of $1.7 […]
Registration Open for September 16-18 CIECA Connex 2019
The Collision Industry Electronic Commerce Association (CIECA) announced that registration is now open for its 11th annual conference– Connex 2019. The event is being held in Charlottesville, Va., September 16-18. In addition to a 25th-anniversary celebration, there will be a powerful line-up of industry speakers, great networking opportunities, and a vehicle gifting by the National […]
Lawson Products Reports 2018 Sales Up 14.3%
Lawson Products, Inc. (NASDAQ:LAWS), the parent of Kent Automotive, announced results for the fourth quarter and year ended December 31, 2018. Net sales increased 7.0 percent to $86.3 million for the fourth quarter versus $80.6 million for the same period a year ago. Average daily sales grew to $1.414 million in the recent quarter compared […]
NABC Lone Star Pars for Cars Golf Fundraiser April 4 in Dallas, Texas
The National Auto Body Council will host its second golf fundraising event of 2019 at Texas Star Golf Course on Thursday, April 4. The Lone Star Pars for Cars golf fundraiser presented by Enterprise will support the National Auto Body Council’s Recycled Rides program, among charitable initiatives. Early bird registration is open until March 15 […]
LKQ Corporation Revenue Up 22% to $11.9 Billion in 2018
Organic growth for parts and service up 4.4 percent for the year. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2018. For the fourth quarter of 2018, revenue was $3.0 billion, an increase of 22 percent from $2.5 billion for the comparable period of 2017. Parts and […]
CARSTAR Chilton Auto Body Celebrates Grand Opening
CARSTAR hosted a grand opening event in celebration of its largest multi-store owner joining the CARSTAR family. CARSTAR Chilton Auto Body, that announced it was joining the CARSTAR network last summer, has 11 collision repair centers in the San Francisco Bay area of California. In honor of the innovative multi-store owner joining the network, CARSTAR […]
NSF Certifies Seven Crash Champions Collision Repair Shop Locations in Chicago Market
NSF International has certified seven Crash Champions locations throughout the Chicago area. NSF International’s independent, third-party collision repair shop certification assesses and evaluates a shop’s ability to meet specific quality, operations, and training and technical service requirements. These requirements include following original equipment (OE) repair procedures, providing exemplary customer service, assessing staff competency, ensuring the […]
Auto Associations Oppose Missouri Legislation Repealing Vehicle Safety Inspections
Automotive industry trade associations have joined to oppose legislation House Bill 451 (HB 451) in Missouri aimed at eliminating that state’s premier vehicle safety inspection program. The Auto Care Association, Automotive Service Association and Tire Industry Association are longtime advocates of periodic motor vehicle safety inspection in states. In letters to Missouri state lawmakers, the […]
Axalta Opens its Largest Refinish Training Centre in India
Axalta (NYSE: AXTA) announced it opened of a new Refinish Training Center in Manesar, India. At 20,000 sq. ft., the new training facility was inaugurated by Sobers Sethi, President, Emerging Markets, Axalta. Manesar is an industrial town in Gurugram district of Haryana state in India and is a part of the National Capital Region (NCR) […]
Nevada Non-OEM Collision Repair Parts Bill Scheduled for Hearing March 1
Legislation would prohibit an insurer from requiring a collision repair facility to use non-OEM parts for 60 months from manufacture date of vehicle without consumer approval. Nevada Assembly Bill 173 (AB 173) would amend existing non-OEM part disclosure laws to prohibit insurers from requiring the use of non-OEM parts for the repair of physical damage […]
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