The U.S. Department of Justice yesterday reported that a Georgia man who owns a collision repair shop in Virginia pleaded guilty to operating an odometer fraud scheme involving over 100 vehicles. Paul Robinson, 37, of Lawrenceville, Ga., pleaded guilty in U.S. District Court in Norfolk, Virginia, to one count of conspiracy to commit securities fraud […]
Service King Hosts U.S. Army, Department of Defense to Promote Mission 2 Hire
Service King Collision Repair Centers welcomed members of the U.S. Department of Defense and the U.S. Army’s Soldier For Life Program Tuesday inside the company’s North Texas home office. The meeting included Lt. Col. Derwin Brown as well as representatives from Service King’s senior executive team and recruiting teams. Together, the group discussed opportunities and […]
LKQ Corporation Reports Revenue Up 19.3% in Fourth Quarter
Organic parts and service revenue growth was up 4.8 percent. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2016. Net income for the fourth quarter of 2016 was $86.3 million, a decrease of 9.2 percent compared to $95.1 million 2015. Net income for full year 2016 was […]
LORD Donates Products and Equipment to Schools through Collision Repair Education Foundation
LORD Corporation, maker of LORD Fusor Automotive Repair Adhesives, has donated products and equipment to 13 schools in support of the Collision Repair Education Foundation’s (CREF) Gift-in-Kind program. The Gift-in-Kind program accepts donations from industry partners to benefit collision schools, students and instructors. Donations of tools, equipment, technology, and materials are distributed to qualified collision […]
ASA Opposes Arkansas Collision Repair Part Disclosure Bill
The Automotive Service Association (ASA) is encouraging collision repair industry members to oppose Arkansas Senate Bill 291 (SB 291) (SB 291), that seeks to repeal the requirement that original equipment collision repair parts be used when a vehicle is under warranty. ASA encourages all interested parties to visit the Alert Section its legislative website to […]
Copart Reports 16.6% Revenue Increase in Fiscal 2017 Second Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended January 31, 2017. For the three months ended January 31, 2017, revenue, gross margin, and net income were $349.5 million, $146.8 million, and $66.1 million, respectively. These represent an increase in revenue of $49.8 million, or 16.6 percent; an increase in gross margin of $22.2 […]
Iowa Bill Seeks to Define Unfair or Deceptive Collision Repair Practices by Insurers
Bill would add section to Iowa Code defining unlawful insurance practices including steering, collision parts usage, and vendor requirements. Iowa Senate File 81 (SF 81) introduced by Senator Brad Zaun seeks to add a section to the Chapter 507B of the Iowa Code on Insurance Trade Practices to define several unfair motor vehicle repair practices […]
Maryland Senate Bill That Sought to Require OEM or Certified Aftermarket Collision Repair Parts Withdrawn
The legislation, that sought to require insurers to authorize only OEM or certified collision repair parts, was similar to a bill that was withdrawn last year. Maryland Senate Bill 1007 (SB 1007), introduced by Senate Minority Leader J.B. Jennings (R) on February 3, that sought to require automobile insurers to authorize repairs using original equipment […]
Arkansas Bill Seeking to Eliminate OEM Collision Repair Parts Requirement Approved By Senate
Measure referred to House Insurance and Commerce Committee. Arkansas Senate Bill 291 (SB 291), that seeks to repeal the requirement that original equipment collision repair parts be used when a vehicle is under warranty, was approved by the State Senate by a vote of 21-9 with 1 abstention. Three members did not vote. Introduced by […]
Interview: Clint Marlow, Allstate Insurance
In our video interview, Clint Marlow, director of claims innovation for Allstate Insurance, details the how changing vehicle construction and technology is influencing the claim process, how claim technology will impact the industry and recent trends in frequency and claim costs. While changing vehicle construction techniques and technology is having an impact on collision repair […]
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