Thatcham Research, the UK-based automobile insurers’ research center, has issued a voluntary code of practice to provide clear guidance on the recalibration of car safety technology during the replacement or refit of windshields. The ADAS Repair Group, led by Thatcham Research and including companies active in automotive glazing replacement such as National Windshields, Autoglass and […]
LKQ Reports 5.6% Parts and Services Organic Revenue Growth in Second Quarter
LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the second quarter of 2016 of $2.45 billion, an increase of 33.3 percent compared to $1.84 billion in the second quarter of 2015. Net income for the second quarter of 2016 was $140.7 million, an increase of 17.6 percent as compared to $119.7 million for the same […]
Uni-Select Reports Paint Segment Sales Up 26% in Second Quarter
Uni-Select Inc. (TSE:UNS), the parent company of FinishMaster with automotive refinish and industrial paint and related products across North America, reported $323.8 million in sales, up 0.1 percent organically. According to the company increases in its paint sales were offset by declines in automotive products during second quarter ended June 30. Paint segment sales were […]
Boyd Group Acquires Collision Repair Center in Florida
The Boyd Group Inc. announced the July 22 opening of a Gerber-brand collision repair center in Titusville, Fla. The center previously operated as Freddy Curtis Body Shop. Titusville is located about 50 miles east of Orlando. “We are very pleased to add this center, which is well-located on Route 1, a key thoroughfare with high […]
Copart Opens First Facility in Spain
Copart, Inc. (NASDAQ:CPRT) announced the opening of its first total loss vehicle storage and processing facility on mainland Europe as well as the first real time online auction of those vehicles in Spain. The auction was hosted on Copart Spain’s new website. The new facility is located in Algete, on the outskirts of Madrid. “Opening […]
Traffic Volume Increased 2% in May
With the rate of growth in vehicle miles traveled slowing, one region reported lower traffic volume in May versus 2015. Travel for the month of May is estimated at 279.4 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The May result continues the very positive trend leading […]
MAPFRE USA Reports $56.6 Million First-Half Profits, Increases Premiums 9%
MAPFRE USA returned to a $56.6 million pre-tax profit in the first half of 2016, compared with a $114 million loss the year earlier, related to the heavy snowstorms that hit the North East of the United States in the previous winter. At the same time, the company generated revenue of $1.42 billion in the […]
Glassware Fundraiser to Benefit National Auto Body Council
An online fundraiser raises a glass to the National Auto Body Council, (NABC) courtesy of B-Cycled Bottles which is offering 50 percent of the proceeds from sales of its unique cocktail glassware to help fund NABC community service programs. The glasses are made from recycled Grey Goose vodka bottles and retail for $40 each for […]
Assured Performance and TenPoint Complete Announce CSI Service Agreement
Assured Performance announced they have entered into an agreement with TenPoint Complete to provide special services and pricing to their Certified Repair Provider network. Through this alliance, Assured Performance Certified shops will be able to track their CSI performance and access, measure and manage all aspects of their collision repair business through a newly developed […]
Long Island Collision Repair Shop Owner Pleads Guilty to $190K Sales Tax Fraud
New York’s ongoing crackdown on the underreporting of sales tax nabs another body shop. Nassau County, New York District Attorney Madeline Singas announced that a Garden City man pleaded guilty July 22 to failing to remit New York State sales tax collected from customers of his collision repair centers with locations in in Mineola and […]
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