Will explore strategic options for remaining coatings activities in second quarter including automotive OEM and refinish. BASF and Sherwin-Williams have signed an agreement on the sale of the Brazilian decorative paints business, which is part of BASF’s Coatings division. The purchase price on a cash and debt-free basis is $1.15 billion. The transaction is structured […]
NCOIL Highlights February Insurance Career Month
As February marks the ninth annual Insurance Careers Month, the National Council of Insurance Legislators (NCOIL) is proud to join the Insurance Careers Movement (ICM) in highlighting the many important and fulfilling career opportunities the insurance industry has to offer. The ICM is a global network of more than 1,000 insurance carriers, agents, trade associations, […]
NORTHEAST Dollars Campaign Returns to 48th Annual Trade Show
The annual NORTHEAST Automotive Services Show is scheduled for March 14–16 at the Meadowlands Exposition Center in Secaucus, N.J. Now in its 48th year, the event is the country’s second-largest automotive services show, drawing professionals in collision repair and automotive services from across the region. A notable feature of the show is the NORTHEAST Dollars […]
Collision Repair Education Foundation Announces Spring Career Fair Schedule
Businesses looking for trained entry level technicians can participate in high school and college transportation student events. Collision repair industry businesses seeking employees or students seeking job opportunities can kick their search into high gear with the Collision Repair Education Foundation (CREF) Spring 2025 High School and College Transportation Student Career Fairs. The fairs will […]
Mitchell Reports Collision Claims Increased by More Than 30% for BEVs Last Year
Average severity plateaued and total losses increased. Mitchell, an Enlyte company, announced the latest release of its Plugged-In: EV Collision Insights report. This edition features an overview of the most notable annual trends in battery electric vehicle (BEV), mild hybrid electric vehicle (MHEV) and plug-in hybrid electric vehicle (PHEV) collision claims. Following a second year […]
Auto Care Association Says ASA, Auto Alliance and SCRS Federal Right to Repair Proposal Represents Views of ‘Small Fraction’ of Repair Market
The Auto Care Association said the federal right to repair legislative proposal by the Automotive Service Association (ASA), Alliance for Automotive Innovation, and the Society of Collision Repair Specialists (SCRS) announced yesterday represents the views of a small fraction of the repair market and are not representative of the broader automotive aftermarket. The association, however, […]
Registration Opens for September 23-25 CIECA CONNEX Conference
The Collision Industry Electronic Commerce Association (CIECA) announced that early bird registration is now open for its 16th annual conference, CONNEX 2025, that will be held at the Hilton Nashville Green Hills in Nashville, Tenn. on September 23-25. The theme this year is Insights to Innovation: The Future of Collision Industry Technology. A highlight of […]
Copart Reports Second Quarter Fiscal Revenue of $1.16 Billion
Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal second quarter ended January 31, 2025. For the three months ended January 31, revenue, gross profit, and net income attributable to Copart, Inc. were $1.16 billion, $525.6 million, and $387.4 million, respectively. These represent an increase in revenue of $143.2 million, or 14.0%; an increase […]
LKQ Corporation Fourth Quarter Revenue of $3.4 Billion
Revenue was down in the quarter compared to last year as repairable claims declined. Revenue for the full year was up. LKQ Corporation (NASDAQ: LKQ) today reported revenue for the fourth quarter of 2024 was $3.4 billion, a decrease of 4.1% compared to $3.5 billion for the fourth quarter of 2023. Parts and services organic […]
CARSTAR Adds Collision Repair Center to Network in Arkansas
CARSTAR announced the opening of CARSTAR AutoCraft Paint and Body Works, a 10,000 square-foot collision repair center, located at 60 County Road 9501 in Brookland, Ark. Blake Brown, the owner of CARSTAR AutoCraft Paint and Body Works, has over 15 years of experience in the collision industry. He began his career at Green County Tech […]
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