Organic Revenue Growth 3.8 percent, on same-day basis up 4.9 percent. LKQ Corporation (NASDAQ:LKQ) on July 27 reported revenue for the second quarter of 2017 of $2.46 billion, an increase of 6.7 percent as compared to $2.30 billion in the second quarter of 2016. Income from continuing operations for the second quarter of 2017 was […]
U.S. House Energy and Commerce Committee Passes Autonomous Vehicle Legislation
The U.S. House Energy and Commerce Committee , chaired by Rep. Greg Walden (R-OR), approved H.R. 3388, Safely Ensuring Lives Future Deployment and Research in Vehicle Evolution Act or the “SELF DRIVE Act.” Passing with unanimous bipartisan support at 54-0, this legislation will prioritize consumer safety, reduce traffic-related fatalities, and clarify federal and state roles […]
CARSTAR Adds Collision Repair Center to Network in Ontario, Canada
CARSTAR Haliburton has officially launched, located at 154 Industrial Park Drive, Haliburton, Ontario. The facility is owned by multiple store owner Paul Cross. CARSTAR Haliburton is a 6,500 square foot facility offering full collision repairs, windshield repairs and repairs on large vehicles with aluminum components. This store, along with CARSTAR Lindsay will be managed by […]
Subaru Issues Position Statement Recommends Pre- and Post- Scanning of Collision Damaged Vehicles
Subaru of America, Inc. is the latest vehicle manufacturer to provide guidance on diagnostic scanning in collision repair. The manufacturer issued a position statement this month recommending both pre-collision repair and post-repair scanning for trigger diagnostic trouble codes (DTC) on model year 2004 and newer vehicles. According to the statement: In the event of a […]
BASF Refinish Receives GM Global Refinish Approval
BASF Refinish Coatings received General Motors Global Refinish approval for its Glasurit and R-M paint brands. BASF hosted the GM Paint Engineering Team at its North American Coatings Headquarters in Southfield, Mich. During the review the Glasurit & R-M refinish systems met or exceeded all the refinish standards established by GM. Both BASF’s premium paint […]
New Vehicle Retail Sales Pace to Decline for Fourth Consecutive Month
J.D. Power and LMC Automotive forecast retail sales annual rate to fall by 600,000 units in July. Largest decline in 2017. The new vehicle retail sales pace in July is expected to decline for the fourth consecutive month, according to a forecast developed jointly by J.D. Power and LMC Automotive. The seasonally adjusted annualized rate […]
Mike Stacy Named Director of National Accounts for asTech
Mike Stacy recently joined asTech as Director, National Accounts. Stacy brings more than twenty years of senior level leadership positions to asTech. In his new role, Mike will have responsibility for Account Management and the newly created Sales Support Unit. Prior to asTech, Mike served in senior leadership positions for Verifacts Automotive and CCC Information […]
Mitchell Announces Estimating Cloud
Mitchell International, Inc. announced its Mitchell Estimating Cloud, a completely cloud-based estimating solution designed to simplify the estimating process to quickly create accurate appraisals. “Mitchell Estimating Cloud operates completely in the cloud. Estimators and appraisers are no longer tied to their desk and can work anywhere, anytime, on any modern browser and device,” said Debbie […]
Uni-Select Reports Second Quarter Sales Up 5.1%
Finishmaster sales up 6.6 percent Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, today reported sales for the second quarter of $340.3 million, a 5.1 percent increase compared to the same quarter last year. The increase was driven by the sales generated mainly from recent US business acquisitions, adding sales of $33.7 million or 10.4 percent […]
CFA Poll Shows Americans Support Stronger Fuel Economy Standards
Increasing federal fuel economy standards for cars and light duty trucks, to 42 MPG by 2025, is supported by 79 percent of Americans (68 percent of Republicans), and opposed by only 18 percent, according to a recent national survey commissioned by the Consumer Federation of America (CFA). In March, Department of Transportation Secretary (DOT) Elaine […]
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