ProColor Collision franchise owner Eddy Samawi has opened a third ProColor Collision facility to serve residents and businesses in the greater Inland Empire area. ProColor Collision Lake Elsinore, located at 18357 Pasadena St. in Lake Elsinore, Calif. joins Samawi’s ProColor Collision locations in Rialto and Fontana as another state-of-the-art repair facility. “I am pleased to […]
Mitchell Partners with PAVE for AI-Enabled Vehicle Inspections
Mitchell, an Enlyte company, today announced that it is teaming up with PAVE to automate vehicle inspections and conditioning. Using Mitchell’s cloud-based appraisal solution, comprehensive data and open platform with PAVE’s proprietary artificial intelligence (AI) and guided image capture application, U.S. and Canadian organizations will be able to generate graded condition reports from uploaded photos. […]
New Light Vehicle Sales Rate Lower in August Despite Volume Increasing
The National Automobile Dealers Association (NADA) reported new light-vehicle sales in August totaled a SAAR of 15.1 million units, down 1.1% from August 2023’s 15.3 million. According to Patrick Manzi, NADA Chief Economist, the August 2024 sales calendar included Labor Day weekend this year, which led to a raw sales volume totaling 1.42 million units, […]
Military Veteran New Maaco Owner in San Antonio
Maaco announced that Jubrail Abassi, who operated the Maaco location at 126 Clarence Street in San Antonio, Texas, has passed on his legacy to new shop owner, Matthew Moreno, who has signed on for a 15-year term. Before joining the Maaco franchise family, Moreno served eight years the U.S. Military as a Calvary Scout where […]
Copart Reports Fiscal 2024 Full Year Revenue Up 9.5% to $4.2 Billion
Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter ended July 31, revenue, gross profit, and net income attributable to Copart, Inc. were $1.1 billion, $454 million, and $323 million, respectively. These represent an increase in revenue of $71.4 million, or 7.2%; a decrease in gross profit of $(4.0) million, or (0.9)%; and a […]
Semiconductor Shortage May Impact Auto Industry Later this Year
S&P Global Mobility warns automotive chip supply could be low by the end of the year. Key companies in the automotive and semiconductor industries have expressed concerns about a potential semiconductor shortage in the second half of 2025 or 2026, but automotive chip supplies will be low by the end of 2024. According to S&P […]
Fix Network Expands Auto Glass Apprenticeship Program to Seven States
The Fix Network announced it expanded its auto glass apprenticeship program to three new states: Arizona, New Mexico and Alaska. With this expansion, the program is approved for operation in seven states, including Washington, Oregon, Montana, and Colorado, aligning with the company’s Speedy Glass locations. Fix Network’s glass apprenticeship program elevates the quality of automotive […]
Caliber CEO Simmons Named Master of Ceremonies for November 4 MSO Symposium
David Simmons, Chief Executive Officer (CEO) at Caliber Holdings LLC, will serve as the Master of Ceremonies at the 2024 MSO Symposium, taking place Monday, November 4 in Las Vegas, Nev. Simmons has a diverse background leading large, multinational organizations in a number of industries and brings his wealth of experience to the 2024 event. […]
BMW and Toyota Partner on Hydrogen Fuel Cell Electric Vehicle Development
The BMW Group and the Toyota Motor Corporation are pooling their innovative strength and their technological capabilities to bring a new generation of fuel cell powertrain technology to the roads. Both companies share the aspiration of advancing the hydrogen economy and have extended their collaboration to push this locally zero-emission technology to the next level. […]
AAA Survey Finds Driving Habits Stabilizing Since Pandemic
Foundation warns of safety issues for older cars that make up larger portion of miles driven. The AAA Foundation for Traffic Safety released its 2023 American Driving Survey, providing insights into U.S. daily driving trends after the initial impact of the COVID-19 pandemic. The survey reveals that overall driving patterns have rebounded from the depths […]
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