Snap-on Incorporated (NYSE:SNA) reported second quarter net sales of $954.6 million, an increase of $33.2 million, or 3.6 percent, from 2017 levels, reflecting a $12.1 million, or 1.3 percent, organic sales gain, $8.1 million of acquisition-related sales, and $13.0 million of favorable foreign currency translation. Operating earnings before financial services of were $193.1 million or […]
CARSTAR Reaches 600th North American Collision Repair Facility Milestone
Celebrates milestone with opening of CARSTAR Sudbury (Autoworks) in Ontario, Canada. CARSTAR hit the milestone of 600 stores with the opening of CARSTAR Sudbury (Autoworks), a 20,000 sq. ft. collision repair center located at 440 Falconbridge Road, Sudbury, Ontario, Canada. CARSTAR celebrated its 500th store just over 18 months ago when it added CARSTAR West […]
Professional Parts Group Donates Over $50,000 in Parts to Support Collision Repair School Programs
The Professional Parts Group has donated over $50,000 in parts to collision schools through the Collision Repair Education Foundation. The donations provide students studying for a career in the collision industry with much needed support of their chosen training programs. Schools eligible for donations participate in a variety of Foundation programs seeking to improve educational […]
PPG Reports Second Quarter Sales of $4.1 Billion, Up 9% from 2017
Refinish up “mid-single digit” percentage. PPG (NYSE:PPG) today reported second quarter 2018 net sales of about $4.1 billion, up nearly 9 percent versus the prior year. Net sales in local currencies grew approximately 6 percent year-over-year aided by higher selling prices of more than 2 percent, sales volume growth of more than 3 percent and […]
As Crashes Hit All Time High, ICBC Announces Permanent CEO
The Insurance Corporation of British Columbia (ICBC) board chair, Joy MacPhail, announced the permanent appointment of Nicolas Jimenez as ICBC’s president and CEO. Jimenez has served as ICBC’s interim president and CEO since January of this year. After a thorough international search, the board of directors felt Jimenez was the right candidate given his proven […]
S&P Market Intelligence Report Sees US Auto Insurance Industry Benefitting From Higher Premiums, Lower Losses
While changing technology is a longer-term disruptive threat, rate increases will drive growth in the near term, according to S&P Global Market Intelligence report Auto insurance has accounted for more of the U.S. property and casualty (P&C) industry’s premium volume in recent years, with several rounds of loss-fueled rate increases accelerating premium volumes in the […]
Automotive Groups Urge White House Not to Impose Tariffs on Imported Autos and Auto Parts
Vehicle manufacturers, dealers and aftermarket companies join together in opposition to higher tariffs. Seven automotive industry groups representing vehicle manufacturers, dealers and both OEM and aftermarket suppliers have joined together to urge the White House to not impose higher tariffs on imported autos and auto parts. The groups include: Alliance of Automotive Manufacturers American Automotive […]
3M Collision Repair App Provides Access to Process Guides and SOPs
3M Automotive Aftermarket Division announced that its new mobile app provides collision repair facility technicians and distributor sales staff to get all the information they need for their collision repair questions directly on their mobile devices is now available for the Android platform. The 3M app provides quick access to 3M Collision Repair product information, […]
Registration Open for SCRS Repairer Driven Education Series at SEMA
Registration for the Society of Collision Repair Specialists’ (SCRS) Repairer Driven Education (RDE) series at the 2018 SEMA Show is open. Nearly half of the 20+ education sessions offered through Wednesday feature first-time RDE presenters; marking the continually refreshed curriculum offered by SCRS during SEMA week. When registering for education attendees will have the option […]
Collision Claims Up in First Quarter
Auto physical damage indicators influencing the collision repair industry improved during the first quarter compared to last year. Claims and losses continue above year ago levels. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims and losses increased in the U.S. during the […]
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