Same store sales up 3.4 percent Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three and six-month periods ended June 30. Sales increased by 16.0 percent to CA$384.0 million ($299.8 million) from $331.0 million ($260.7 million) in 2016, including same-store sales increases of 3.4 percent excluding the impact of foreign exchange […]
Axalta Introduces Syrox Waterborne Refinish Brand in China
Axalta Coating Systems (NYSE:AXTA) announced it has officially launched its Syrox waterborne refinish coating brand in China. Syrox is an affordable, compact refinish system designed to deliver higher productivity and ease-of-application to body shops. Access to Axalta’s color database of more than 70,000 formulas ensures quick and precise color search and matching. Color Reader, a […]
Traffic Volume Growth Accelerates in May
May vehicle traffic growth rate 83 percent higher than April. Traffic volume up 2.2 percent for the month. Travel volume in May continued to grow following the rebound in April after slower growth in March. The growth is continuing the trend of increased driving that has led to increasing collision repair industry volume and auto […]
Australia Competition Commission Recommends Mandatory OEM Technical Information Access Regulations, Eliminate Parts Sales Restrictions
Competition authority recommends mandatory regulation to assure repair information access, eliminate parts sales restrictions to independent repairers, concerns over high OEM parts margins for vehicle manufacturers compared to other international markets. The Australian Competition & Consumer Commission (ACCC) yesterday released the draft report of its market study into Australia’s new car retailing industry. The report […]
UK National Body Repair Association Director Resigns
The UK-based National Body Repair Association (NBRA), a part of the Retail Motor Industry Federation (RMI), yesterday announced the resignation of its Director, Jason Moseley. The NBRA was formed following the July 2015 merger of the RMI National Association of Bodyshops (NAB) and the Vehicle Builders and Repairers Association (VBRA). The combined group represented over […]
Federal Appeals Court Affirms Patent Office Ruling Against Audatex in 2012 Lawsuit with Mitchell
Federal Circuit Appeals Court affirms U.S. Patent and Trademark Office Board ruling that business process patents at heart of 2012 infringement lawsuit invalid. On July 27, the U.S. Court of Appeals for the Federal Circuit ruled against an appeal by Audatex North America, Inc. seeking to have a February 19, 2016 decision by the U.S. […]
Attorneys General Announce $5.5 Million Multi-State Settlement With Nationwide Insurance Over 2012 Data Breach
Attorneys General in 33 states have reached a settlement with the Nationwide Mutual Insurance Company and its subsidiary, Allied Property & Casualty Insurance Company, concerning an October 2012 data breach. The data breach, which the states allege had been caused by the failure to apply a critical security patch intended to prevent hacking or viral […]
TechaGlass Purchases Utah Franchise
TechnaGlass announced it has purchased its St. George, Utah franchisee as part of a strategy to grow its corporate owned footprint. The company will retain all employees and continue operations at its existing retail location at 39 South Bluff Street in St. George. This transaction will result in TechnaGlass owning virtually all retail locations in […]
NASTF Executive Director Potter Retires, Successor Sought
Skip Potter, Executive Director of the National Automotive Service Task Force (NASTF) since June 2012, informed the organization’s Board of Directors earlier this month of his intent to retire, August 31, and has begun working with NASTF leadership for the transition to new management. Donny Seyfer, NASTF Board Member, will assume duties as Interim Executive […]
Boyd Acquires Four Collision Repair Centers in Alberta
The Boyd Group Inc. (TSE:BYD.UN) announced that it has acquired four collision repair centers in Calgary, Alberta. The facilities previously operated as Concours Collision Centres. “We are excited to be expanding our presence in the Calgary region, a large market with a population of approximately 1.5 million,” said Eric Danberg, President of the Boyd Autobody […]
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