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 […]
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 […]
Volkswagen Approves Sherwin-Williams
Approval covers Sherwin-Williams brand in North America, South America and Asia Pacific regions Sherwin-Williams announced that The Volkswagen Group has entered into a corporate agreement with the company and approved the Sherwin-Williams refinish paint brand for use at Volkswagen Group brands (VWPC, Audi, SEAT, Skoda, and VWCV) certified collision repair facilities in North America, South […]
Driven Brands’ Costa Becomes NACD Board Leadership Fellow
The National Association of Corporate Directors (NACD) has named Jose R. Costa, Group President for Charlotte-based Driven Brands, a Board Leadership Fellow, the highest standard of credentialing for corporate directors. The NACD Fellowship is a comprehensive program of study that empowers directors with the latest insights, intelligence and boardroom practices to stay at the forefront […]
Axalta Releases Second Quarter 2016 Results
Refinish sales up over 9 percent excluding the impact of currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) today announced its financial results for the second quarter ended June 30, 2016. Axalta reported net sales of $1.065 billion for the second quarter of 2016 due to both volume and pricing growth, but decreased 2.7 percent year-over-year […]
I-CAR Launches Vehicle and Technology Specific Product Line, Announces Promotion on Honda/Acura Courses
The Inter-Industry Conference on Auto Collision Repair (I-CAR), announced the launch of its Vehicle and Technology Specific Training product line that includes 26 of I-CAR’s highest demanded courses, classified into either vehicle or technology specific training categories. According to I-CAR it will further build out of the portfolio, with new Vehicle and Technology Specific Training […]
CAPA Announces Labelling Program for Collision Repair Parts with Waterborne Low-VOC Primer
The Certified Automotive Parts Association (CAPA) announced a new labelling program for certified plastic parts, such as bumper covers, that have a waterborne low volatile organic compound (VOC) primer. Manufacturers of CAPA-Certified plastic parts such as bumper covers, fenders, hoods and grilles who utilize waterborne primer systems will have the opportunity to have their primer […]