Live Oak Bank announced it has officially launched a new lending division focused on financing for the automotive care industry. The vertical marks Live Oak’s 16th industry specific lending division and will concentrate on businesses that provide quick lube services, tire centers, service and maintenance shops, collision repair shops, paint and body shops, and select […]
Mitchell Report Shows Collision Repair of Redesigned Vehicles Significantly More Expensive
Across redesigned vehicles studied in Mitchell Fourth Quarter 2017 Industry Trends Report, average front impact repair cost up 29 percent, rear impacts up 14 percent. New technologies increasing parts cost. Mitchell today released its Industry Trends Report (ITR) for the fourth quarter of 2017. In this edition, Mitchell executives share insights on how video chat […]
CARSTAR Kraemer Collision Center Moves to New Anaheim, CA Location
CARSTAR Auto Body Repair Experts announced that CARSTAR Kraemer Collision Center, a member of the CARSTAR family since 2013, has moved to a new facility located at 2841 E La Palma Ave, Anaheim, CA, 92806. Owned by Joel J. Cuevas, Jorge Cuevas and Joanne Cuevas, CARSTAR Kraemer Collision Center was founded by their father Jorge […]
Bob Egan Elected Chairman of University of the Aftermarket Foundation
The University of the Aftermarket Foundation board of trustees has elected its slate of officers for fiscal year 2018. Veteran aftermarket industry executive Robert Egan, MAAP, will serve as chairman of the foundation. Egan retired from Federal-Mogul in 2015. During his esteemed 36-year career, he held a series of executive roles of increasing responsibility, most […]
Boyd Group Acquires Collision Repair Center in Washington State
The Boyd Group Inc. announced the acquisition on December 5, of a collision repair center in Tumwater, Washington, which previously operated as Bernie’s Custom Paint and Collision Repair and has served the community for 43 years. The center is located one mile south of U.S. 101, the principal highway serving the Olympic Peninsula, and three […]
Robert Kirk Wins AASP/NJ Russ Robson Scholarship
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced this year’s recipient of the Russ Robson Scholarship, created in memory of the former AASP/NJ President. The scholarship was presented to Robert Kirk of County Line Auto Body in Howell, N.J. “Russ was a great personality, a dear friend, and had such a passion […]
GEICO Hiring for 500 Jobs for Expanded Virginia Beach Operations
GEICO announced it is adding to staff and expects to fill 500 positions in claims, sales, service, auto damage and the company’s management development programs. Candidates for these open spots need not have previous experience due to GEICO’s extensive training courses. More information about the expansion employment opportunities are available online. “One reason we were […]
LKQ Corporation Acquires European Aftermarket Parts Distributor
Announces Agreement to Acquire Germany-based Stahlgruber GmbH LKQ Corporation (NASDAQ:LKQ) announced an agreement to acquire Stahlgruber GmbH from Stahlgruber Otto Gruber AG for an enterprise value of approximately €1.5 billion ($1.77 billion). Headquartered in Germany, Stahlgruber is a leading European wholesale distributor of aftermarket parts, body repair supplies, tools, capital equipment and accessories with operations […]
BASF Opens Automotive Coatings Plant in China
BASF’s Coatings division today inaugurated a new, world-scale automotive coatings plant at the Shanghai Chemical Industry Park (SCIP) in Caojing, Shanghai, China. The €140 million ($165.1 million) project is an extension of the existing automotive coatings plant, a joint venture between BASF and Shanghai Huayi Fine Chemical Co., Ltd. This expansion will further enhance the […]
Fix Auto Canada Adds Collision Repair Center to Network in Brantford
Fix Auto Canada announced the addition of a new collision repair center to its network in Brantford, Ontario. Joe Piercey, owner of the brand new, state-of-the-art 7,500 square foot facility has over 30 years in the collision industry and three years as a shop owner. “Fix Auto is the only Canadian owned and operated collision […]
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