Will mark fourth consecutive month of double-digit percentage growth. Total new-vehicle sales for July 2023, including retail and non-retail transactions, are projected to reach 1,320,982 units, a 21.5% increase from July 2022, according to a joint forecast from J.D. Power and GlobalData. Total sales of new vehicles this month are expected to reach 1,320,982 units, […]
Main Street Tax Certainty Act Introduced in U.S. House Seeks to Preserve Pass-Through Business Deductions
U.S. Congressman Lloyd Smucker (PA-11) introduced the Main Street Tax Certainty Act, H.R. 4721, legislation which would permanently extend Section 199A of the Internal Revenue Code, which is slated to expire in 2025. Smucker’s legislation is cosponsored by 92 Members and is supported by all Republican Members of the Ways & Means Committee. Section 199A, […]
LKQ Corporation Waives UK Merger Clearance Condition for Uni-Select Acquisition
August 1 targeted completion date for acquisition. Uni-Select Inc. (TSE:UNS) announced today that LKQ Corporation (NASDAQ:LKQ) has elected to formally waive the closing condition relating to the receipt of UK merger clearance for the previously announced acquisition of Uni-Select by LKQ and its subsidiaries. LKQ also stated in its second quarter earnings announcement today that […]
LKQ Reports Revenue of $3.4 Billion in Second Quarter
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 […]
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