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Boyd Group Acquires 18 Collision Repair Centers in New York State

March 4, 2019 By CollisionWeek Editor

Marks entry into 27th state. The Boyd Group Inc. announced the acquisition of an 18 collision repair center-MSO located in New York State. The acquisition marks Boyd’s entry into its 27th state. The Carubba Collision repair centers are located throughout upstate New York, including the market areas around the cities of Albany, Buffalo and Syracuse. […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, Carubba Collision, New York State

Fix Auto USA Adds Five Collision Repair Centers to Network in California and Arizona

March 4, 2019 By CollisionWeek Editor

Fix Auto USA announced the addition of five new franchise locations, bringing Fix Auto USA’s total number of locations to 148. The additional locations expand Fix Auto USA’s geographic footprint in multiple markets including: Northern California, the greater Phoenix area, and Southern California. The locations include: Fix Auto Berkeley (Berkeley, CA) -Formerly Platinum Collision Center; […]

Filed Under: News Tagged With: Arizona, California, Fix Auto USA, Network Affiliations

Copart Expands in Newburgh, New York

March 4, 2019 By CollisionWeek Editor

Copart, Inc. (NASDAQ:CPRT) expanded its Newburgh, New York location at 25 Riverview Drive in Marlboro, adding 25 acres of storage space to Copart’s existing 68 acres to meet customer capacity needs. “We are committed to increasing our storage capacity throughout the country to meet the growing demand of our services,” said Copart CEO, Jay Adair. […]

Filed Under: News Tagged With: Copart, New York State, Openings

BMW and Daimler Announce Development Partnership on Automated Driving Technology

March 4, 2019 By CollisionWeek Editor

The BMW Group and Daimler AG are to join forces on automated driving. Initially, the focus will be on advancing the development of next-generation technologies for driver assistance systems, automated driving on highways and parking features (up to SAE Level 4). The two companies have signed a Memorandum of Understanding to jointly develop this technology, […]

Filed Under: News Tagged With: Agreements Signed, BMW, Daimler

Connecticut Legislation Would Require OEM Collision Repair Procedures

March 1, 2019 By CollisionWeek Editor

Connecticut Legislation Would Require OEM Collision Repair Procedures

Bill would place requirements on both collision repair facilities and insurers to follow OEM procedures and recommendations. Customers can authorize deviations. Connecticut House Bill 7266 (HB 7266), introduced February 28, would place requirements on both collision repair facilities and insurers operating in the state to follow OEM procedures. The bill would add a new section […]

Filed Under: Feature Tagged With: Connecticut, legislation, OEM Repair Procedures

State Farm Reports 2018 Underwriting Gain, 8.77% Decline in Auto Claims Cost and Loss Adjustment Expense

March 1, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, State Farm

Registration Open for September 16-18 CIECA Connex 2019

March 1, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Annual Conference, Collision Industry Electronic Commerce Association

Lawson Products Reports 2018 Sales Up 14.3%

March 1, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, Lawson Products

NABC Lone Star Pars for Cars Golf Fundraiser April 4 in Dallas, Texas

March 1, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Golf Outing, National Auto Body Council, Texas

LKQ Corporation Revenue Up 22% to $11.9 Billion in 2018

February 28, 2019 By CollisionWeek Editor

LKQ Q4 2018 and FY 2018 Revenue

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 […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

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