LKQ Corporation has renewed its $25,000 contribution to the Collision Repair Education Foundation, as part of its continuing commitment to the future of the collision repair industry. The financial contribution is in addition to the in-kind donation of parts that LKQ donates to collision school programs each year. The monetary contribution assists Education Foundation’s ability […]
Traffic Volume Declined in September
Compared to the same month the previous year, traffic volume in the U.S. was down in September. The 12-month rolling average slightly down from record high level in August. Travel volume in September declined on a year-over-year basis. This is the third month in 2018 where the monthly driving total declined on a year-over-year basis. […]
CAPA Announces Standard for Aftermarket Exterior Cameras
The Certified Automotive Parts Association (CAPA) approved a new standard, CAPA Standard 702, for exterior cameras. The standard, which currently applies to rear-view cameras only, but may be expanded to include side- and front-view cameras in the future, includes requirements for: image quality, ingress protection, electric components, mechanics, performance, material identification, dimensions, appearance, function, construction, […]
Small Business Optimism Marks Two Years of Historic Readings
National Federation of Independent Business Optimism Index though down 0.5 points, continues to remain at high levels. Small business optimism continued its two-year streak of record highs, according to the National Federation of Independent Business (NFIB) Small Business Optimism Index October reading of 107.4, down 0.5 points from September. Overall, small businesses continue to support […]
IIHS Finds GM Front Crash Prevention with Autobrake Cuts Collisions Over 40%
An Insurance Institute for Highway Safety (IIHS) study of General Motors vehicles with optional front crash prevention systems adds to the evidence that forward collision warning and automatic emergency braking prevent crashes. GM vehicles with autobrake and forward collision warning had 43 percent fewer police-reported front-to-rear crashes of all severities and 64 percent fewer front-to-rear […]
Infomedia to Acquire Automotive Data Analytics Company
Infomedia Ltd (ASX:IFM), the automotive parts and service software provider, announced it has entered into an agreement to acquire Australia-based automotive data analytics company Nidasu. Nidasu is a provider automotive insights to automakers and dealerships throughout Australia and the Asia Pacific. Nidasu’s data analytics-as-a-service platform aggregates data from many sources within the dealership technology ecosystem. […]
CIC Opens Survey on Collison Repair Industry Issues
Jeff Peevy, the Collision Industry Conference (CIC) 2019-2020 Chairman, wants feedback from the industry on issues they face in today’s collision repair market. A ten-question survey is available online and the information garnered from the survey will contribute to the CIC planning meeting that will be held January 16-17, 2019 in Palm Springs, Calif. Peevy […]
Auto Glass Safety Council and National Windshield Repair Association to Combine
The Auto Glass Safety Council (AGSC) and the National Windshield Repair Association (NWRA) will consolidate into one organization, effective January 1. Though technically not a merger, NWRA will dissolve and its membership, standards and work products will be welcomed into the newly formed Windshield Repair Division of the AGSC. “A good third of our memberships […]
Boyd Group Reports Third Quarter Sales Up 17.3%
Same store sales up 4.9 percent. The Boyd Group Income Fund (TSE:BYD.UN) today reported sales increased by 17.3 percent to CA$459.6 million ($347.5 million) from CA$391.9 million ($296.3 million) in 2017 for the quarter ended September 30. Same-store sales increased 4.9 percent. Normalizing for the impact of hurricanes last year, same-store sales increased 3.6 percent. […]
Uni-Select Inc. Reports Third Quarter Sales up 13.4%
Uni-Select Inc. (TSE: UNS) today reported its sales increased 13.4 percent to $448.8 million for the third quarter ended September 30, driven by the sales generated from business acquisitions of $47.8 million or 12.1 percent, essentially from The Parts Alliance UK segment. All three segments reported positive organic growth for the quarter, producing a consolidated […]
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