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Axalta Launches Fully Automated Mixing Machine

May 12, 2023 By CollisionWeek Editor

System will be launched across Europe in June, followed by global rollout. Axalta Coating Systems (NYSE:AXTA) announced the launch of Axalta Irus Mix, a fast and efficient fully automated and completely hands-free mixing machine for the automotive refinish industry. Axalta Irus Mix delivers highly accurate color and works with Axalta’s packaging to maximize profitability and […]

Filed Under: News Tagged With: Axalta Coating Systems

IBIS Latin America Scheduled for July 13 in Mexico City

May 12, 2023 By CollisionWeek Editor

IBIS Worldwide announced the upcoming IBIS Latin America 2023 conference which will be held as part of INA PAACE Automechanika Mexico. Focused on the Latin American collision repair market, this unique one-day business conference will take place on July 13 at the Centro Citibanamex in Mexico City, Mexico. IBIS Latin America 2023 will be the […]

Filed Under: News Tagged With: INA PAACE Automechanika Mexico City, International Bodyshop Industry Symposium, Latin America, Mexico

LexisNexis Auto Insurance Trends Report Says Collision Severity Was Up 9% in 2022

May 11, 2023 By CollisionWeek Editor

LexisNexis Risk Solutions released its 2023 U.S Auto Insurance Trends Report, which aggregates annual market data about driving behaviors, consumer auto insurance shopping, underwriting and claims to help insurance carriers better understand the evolving trends impacting the U.S. auto insurance industry. This year’s report analyzes 2022 data and tracks macro-market conditions such as volatile shopping […]

Filed Under: News Tagged With: Claim Severity, LexisNexis Risk Solutions, Total Loss

National Auto Body Council Opens Bidding for Exclusive Ticket Package to Sold-Out NASCAR All-Star Race

May 11, 2023 By CollisionWeek Editor

The National Auto Body Council and Speedway Children’s Charities are offering race fans a chance to bid on tickets for the sold-out 2023 NASCAR All-Star Race at the Historic North Wilkesboro Speedway May 19 – 21. The event, part of NASCAR’s 75th anniversary season, will feature the All-Star Open, All-Star Race and live performances by […]

Filed Under: News Tagged With: Nascar, National Auto Body Council, North Carolina, Speedway Children's Charities

AASP-MN 28th Annual Golf Outing June 21

May 11, 2023 By CollisionWeek Editor

The Alliance of Automotive Service Providers – Minnesota (AASP-MN) announced its 28th Annual Golf Outing will be held on Wednesday, June 21 at Majestic Oaks Golf Club, in Ham Lake, Minn. Over 150 AASP-MN members, their employees, industry vendors, and insurance representatives are expected to enjoy the day of golf and socializing. Play will begin […]

Filed Under: News Tagged With: AASP-MN, Golf Outing, Minnesota

Focus Advisors Reports Private Equity More Committed to Collision Repair Than Ever

May 10, 2023 By CollisionWeek Editor

According to a report released May 10 by David Roberts and Chris Lane of Focus Advisors Automotive M&A, private equity investment in the collision repair industry is more extensive than it has even been. Below is their latest report on the history, current state and future of private equity investment in collision repair consolidation: Private […]

Filed Under: News Tagged With: Focus Advisors, Private Equity

Boyd Group Reports Sales Up Over 28% in First Quarter Compared to Last Year

May 10, 2023 By CollisionWeek Editor

Same-store sales up over 25%. Boyd Group Services Inc. (TSE:BYD) today announced sales for its first quarter ended March 31 increased by 28.4% to $714.9 million from $556.8 million in the in the first quarter of 2022. The growth included same-store sales increases of 25.2%. The first quarter of 2023 recognized the same number of […]

Filed Under: News Tagged With: Boyd Group, Earnings

CARSTAR Adds Two New Collision Repair Centers in New Jersey

May 10, 2023 By CollisionWeek Editor

CARSTAR announced the opening of two CARSTAR locations, CARSTAR Proline Auto Body of Pinebrook and CARSTAR Proline Body & Chassis, both located in New Jersey. Todd Fontana, owner of CARSTAR Proline Auto Body of Pinebrook and CARSTAR Proline Body & Chassis, has decades of experience in the automotive repair industry and is the owner of […]

Filed Under: News Tagged With: CARSTAR, Network Affiliations, New Jersey

Universal Technical Institute Reports Revenue of $163.8 Million in Fiscal Second Quarter

May 10, 2023 By CollisionWeek Editor

Universal Technical Institute, Inc. (NYSE:UTI) reported revenue was $163.8 million with UTI increasing 5.4% versus the prior year period with Concorde Career Colleges, that it acquired last year, contributing $56.3 million for its fiscal 2023 second quarter ended March 31. Net income was $3.5 million, adjusted net income of $6.3 million, and adjusted earnings before […]

Filed Under: News Tagged With: Earnings, Universal Technical Institute

LKQ Senior Vice President of Human Resources Dombrowski Honored with Diversity Award

May 10, 2023 By CollisionWeek Editor

LKQ Corporation announced that Genevieve L. Dombrowski, Senior Vice President of Human Resources, was recently honored at MOVES Magazine Annual Diversity Awards Event. Ms. Dombrowski was recognized for her outstanding work in the Diversity, Equity, and Inclusion (DEI) space, which has positively impacted LKQ employees and the broader community. Ms. Dombrowski was joined by other […]

Filed Under: News Tagged With: Awards, Diversity, LKQ Corporation, People

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