The Progressive Corporation (NYSE: PGR) today reported that the company’s Board of Directors elected Lawton W. Fitt as Chairperson. She joined Progressive’s Board in 2009, and has served as Lead Independent Director for the past two years. Fitt is a Retired Partner and Managing Director with Goldman Sachs. As previously announced, Progressive Chairman Glenn Renwick has […]
Wesco Group Acquires United Paint Specialties
The Wesco Group Inc. announced it completed the acquisition of United Paint Specialties, a two paint and body distribution store operation in Western Washington State. “Pat Sherman the President of UPS will join the Wesco Group as an equity partner, and will help us grow as we expand our footprint across the country,” said Roger […]
BMW Expands Certified Collision Repair Center Program to Independent Repairers
BMW announced it will expand it Certified Collision Repair Center program to independent repair facilities from its current limit to dealer-owned collision repair centers. According to BMW, currently more than half of BMW U.S. dealerships own and operate a BMW Certified Collision Repair Center, meaning they meet rigorous BMW standards for training, parts, equipment, and […]
NSF Offers Collision Repair Shop Certification Readiness Assessment
NSF International has launched an online collision repair shop certification readiness assessment. The questionnaire asks a series of questions about details of a collision repair facility’s operations and processes that provide an understanding of how the facility aligns with the requirements of NSF’s automotive collision repair shop certification program. NSF International’s independent, third-party collision repair […]
CARSTAR Adds Collision Repair Center to Network in Idaho
CARSTAR Auto Body Repair Experts announced its first location in Idaho has opened. CARSTAR of Hayden, an 8,000 sq. ft. collision repair center located at 1770 W Hayden Ave., in Hayden, Idaho, is owned by Greg and Rachelle Solesbee. Greg Solesbee got his start in the collision repair industry with his family. His father Wendell […]
New Jersey Governor Nominates Tracy Thompson as Insurance Fraud Prosecutor
New Jersey Governor Phil Murphy officially nominated Tracy Thompson to become insurance fraud prosecutor of the Office of Insurance Fraud Prosecutor, a position which is subject to the advice and consent of the State Senate. Thompson has been acting insurance fraud prosecutor. “I am confident that Tracy Thompson’s nomination as insurance fraud prosecutor will further […]
California Bill Seeking to Overturn Collision Repair Labor Rate Survey Regulations Scheduled for Hearing May 16
California Assembly Bill 2276 (AB 2276), that seeks to modify collision repair labor survey regulations that came into effect last year, has been scheduled for a hearing before the Assembly Appropriations Committee on May 16. The legislation, similar to proposed legislation (AB 1679) that died in the Appropriations Committee earlier this year, was approved by the […]
Collision Repair Industry Production Down in February
Production was down in February versus 2017 but up from January. Production hourly wage up over 9 percent versus previous year. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that collision repair industry production in February continued to decline from the record levels it […]
CARSTAR Adds First Collision Repair Center to Network in South Dakota
Network now operates in 34 states in the U.S. CARSTAR announced the addition of its first collision repair center in South Dakota to its network of independently-owned collision repair facilities. With the addition, CARSTAR has expanded its U.S. footprint to 34 states. CARSTAR Collision Center-Rapid City, part of Granite Buick GMC and Granite Nissan, is […]
Universal Technical Institute Reports Revenue Down 4.4% in Fiscal Second Quarter
Universal Technical Institute, Inc. (NYSE: UTI) reported financial results for the fiscal 2018 second quarter ended March 31, 2018. Revenues for the quarter were $80.7 million, compared to $82.5 million for the prior year period. The year-over-year revenue variance was primarily attributable to a 4.4 percent decrease in UTI’s average student population. Operating expenses for […]
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