Revenue was up 3.2% compared to last year and 5.4% on per-day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2023 was $3.4 billion, an increase of 3.2% as compared to $3.3 billion in the second quarter of 2022. For the second quarter of 2023, parts and services organic revenue increased […]
CARSTAR Celebrates Grand Opening of New Collision Repair Center in New York City
CARSTAR Brookyln Auto Solutions recently hosted a grand opening event to welcome those in the area to their new 20,000 sq. ft. collision repair facility to meet the team, mingle with one another and hear from elected officials and representatives in Brooklyn, New York. The event, held on Saturday, June 24, and was hosted at […]
Australian Auto Aftermarket and Collision Repair Expo Changes 2024 Event Date to April 11-13
The Australian Automotive Aftermarket Association (AAAA) the decision to change the dates of the next year’s Australian Auto Aftermarket and Collision Repair Expo to Thursday, April 11 – Saturday, April 13, 2024 at the Melbourne Convention & Exhibition Centre. According to the association, Formula 1 recently released their dates for 2024, and the Melbourne race […]
SkillsUSA Instructors Recognized as Finalists for the 2023 Harbor Freight Tools for Schools Prize
Twenty-four SkillsUSA instructors are among 50 teachers and teacher teams from across the country who are finalists for the 2023 Harbor Freight Tools for Schools Prize for Teaching Excellence. Their high school trades programs are in the running for a share of $1.5 million in total cash awards. The SkillsUSA finalists include: Alabama: Scott Larson, […]
U.S. Length of Rental Declined in Second Quarter
According to the latest data from Enterprise Rent-A-Car, United States Overall Length of Rental (LOR) for the second quarter was 17.4, a 0.3-day drop from Q2 2022 (17.7). This is a 1.5-day decrease from Q1 2023 (18.7 days), which fits historical seasonal trending of a decrease from the 1st quarter of the year to the […]
Car Insurance Rates Up 17% in the First Half of 2023
Another 4% increase projected before the end of the year. The average annual cost of a car insurance policy surged $240 to $1,668 in the first six months of 2023, up from $1,428 in 2022. Prices will increase another 4% before the end of the year, according to Insurify’s latest auto insurance report. The report […]
Jeff McFadden Partners with Jeremy Lennox at Harvey’s Collision Centers
Dallas, Texas-based Harvey’s Collision Centers announced the addition of Jeff McFadden as their new partner, assuming the role of CEO and co-owner. With a career spanning 37 years in the industry, McFadden previously served as president of Service King Collision. “We are thrilled to welcome Jeff McFadden as our partner,” said Jeremy Lennox, owner of […]
Sherwin-Williams Reports Record $6.24 Billion Sales in Second Quarter
Automotive refinish sales up high-single digit percentage. The Sherwin-Williams Company (NYSE:SHW) announced consolidated net sales increased 6.3% in the second quarter to a record $6.24 billion. Net sales from stores in U.S. and Canada open more than twelve calendar months increased 9.5% in the quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 31.4% […]
EV Battery Safe Handling and Storage Guidance Developed by Automakers and Suppliers
In a collaborative effort to enhance safety measures and promote responsible handling of electric vehicle (EV) batteries, at its 2023 Innovation Summit in Columbus, Ohio, the Suppliers Partnership for the Environment (SP) announced the publication of a new guidance document on Electric Vehicle (EV) Battery Safe Handling and Storage. The guide is available to download. […]
UK Competition Regulator Says Solutions Offered to Address Competition Concerns in LKQ Acquisition of Uni-Select
LKQ had previously announced its intention to divest Uni-Select’s GSF Cark Parts UK business as part of acquisition. A fast-track Phase 1 investigation by the UK Competition and Markets Authority (CMA) confirmed July 21 that LKQ Corporation’s purchase of Uni-Select Inc. could raise competition concerns in the UK. LKQ, through Euro Car Parts, and Uni-Select, […]
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