Truck prices, however, are above last year according to ADESA Analytic Services report. The tale of two markets resumed in March, as wholesale prices were below year-ago levels for cars and above prior year for trucks. Nevertheless, both groups showed price increases versus February’s unseasonably soft results, as retail sales and wholesale activity showed signs […]
Opel Approves Axalta Coating Systems Global Refinish Brands in Belgium and Luxembourg
Cromax, Spies Hecker and Standox, the three global premium refinish brands of Axalta Coating Systems (NYSE: AXTA), have been approved for use in all Opel dealers and body shops in Belgium and Luxembourg. The technical and commercial approval comes after intensive and thorough tests were conducted by the car manufacturer to ensure all three refinish […]
NSF Announces PAM’s Auto First to Receive Recycling Certification, Launches Automotive Mirror Registration
NSF International announced it has issued its first automotive recycler certification to PAM’s Auto, an auto parts distributor located in St. Cloud, Minn. PAM’s Auto met all requirements for NSF International automotive recycler certification including traceability, labeling and grading. NSF International’s automotive recycler certification provides independent third-party confirmation that automotive recyclers meet federal, state and […]
Women’s Industry Network Announces 2017 Scholarship Winners
The Women’s Industry Network (WIN) announced the recipients of its College Student Tuition and Conference Scholarship Award. This award is presented to students enrolled in a post-secondary collision repair technology program. Each scholarship recipient will receive a $1,000.00 scholarship to continue their post-secondary education in collision repair, a one-year WIN Membership and 2017 WIN Educational […]
USAA Raises Minimum Employee Pay to $16 Per Hour
USAA is making two major changes to its employee benefit package in 2017. USAA announced that effective since Feb. 5, employees at the financial services company have seen their minimum pay rise to $16 per hour, or more than $33,000 per year. This increase doesn’t reflect overtime or eligibility for the annual bonus also available […]
LKQ Reports Record Results for First Quarter
Revenue growth of 21.9% to $2.34 billion, Organic Growth for parts and services 4.5% LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the first quarter of 2017 of $2.34 billion, an increase of 21.9 percent as compared to $1.92 billion in the first quarter of 2016. Income from continuing operations for the first quarter of […]
Mitsubishi Electric to Pay CA$13.4 million for Car Part Bid Rigging in Canada
Car parts manufacturer Mitsubishi Electric Corporation pleaded guilty to three counts of bid-rigging for participating in an international conspiracy and was fined CA$13.4 million ($9.8 million) by the Ontario Superior Court of Justice in Canada. A Competition Bureau investigation determined that Mitsubishi Electric entered into illegal agreements with a competing Japanese car parts manufacturer. The […]
PPG Certification Training Programs Evolve to Address New Technology
PPG continues to address evolving automotive refinish technologies with ongoing comprehensive certification training programs designed to keep paint technicians at the forefront of the industry. As OEMs introduce more complex and exotic finishes, PPG is making sure refinish technicians are prepared to meet the challenges the new finishes present. “Maintaining alignment with the industry, PPG […]
CAPA Releases Consumer Video Explaining Part Choices
The Certified Automotive Parts Association (CAPA) announced a new animated whiteboard video, which explains the four basic part choices consumers have when their vehicles undergo an insurance-based repair: a new car company branded part; a CAPA Certified independently produced part; a non-CAPA certified part; and a recycled part. “Nobody wants to be involved in […]
Global Finishing Solutions Announces New Refinish Distributors
Global Finishing Solutions (GFS) announced the addition of Chassis Liner Supply, Purified Air and Quality Finish Services to the GFS Auto and Truck Refinish distribution team. These new distributors expand its ability to service to automotive and truck refinish customers in Minnesota, southern Texas, western Pennsylvania and Maryland. Chassis Liner Supply, Purified Air and Quality […]
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