Crash Champions, LLC announced today the appointment of Tom Feeney to its Board of Directors. Feeney has more than 45 years of leadership experience primarily in the automotive services industry, having most recently served as the President and CEO of Safelite Group , a multi-faceted vehicle glass and claims management service. During his 14-year tenure […]
February Total New-Vehicle Sales Projected to Increase as Availability Improves
Consumer spending on new vehicles will set a February record. Total new-vehicle sales for February 2023, including retail and non-retail transactions, are projected to reach 1,117,100 units, a 7.2% increase from February 2022 according to a joint forecast from J.D. Power and LMC Automotive. February 2023 has the same number of selling days as February […]
Consumer Sentiment Improves in February But Remains at Low Levels
Positive business outlook outweighs unemployment concerns. Consumer sentiment lifted for the third straight month in February, rising a modest 3% above January, supported by a 12% improvement in consumers’ outlook over the economy for the year ahead, according to the University of Michigan Surveys of Consumers. However, sentiment remains well below its historical average; in […]
Auto Body Association of Texas Educates Legislators on Safe Repairs
On February 23, the Auto Body Association of Texas (ABAT) and collision repair professionals from all over the Lone Star State, including two technicians from El Paso who began their nine-hour drive at midnight, showed up in the Texas Capitol Austin to educate legislators on ABAT’s Safe Repair bill (HB1321) and Fair Appraisal bill (HB1437). […]
Canadian Council of Collision Repairers Inaugural Meeting Promotes Professional Standards and Collaboration
The Canadian Council of Collision Repairers (CCCR) held its inaugural meeting on February 16, to introduce the council’s mission and welcome shop owners and managers to come together for the benefit of the collision repair industry. The meeting, which was conducted via Zoom, featured discussions on the council’s purposes, mission, and updates from regional representatives. […]
Auto Innovators Names Wayne Weikel Vice President, State Affairs
The Alliance for Automotive Innovation, the association that represents vehicle manufacturers, named Wayne Weikel as Vice President, State Affairs. He will lead the association’s 50-state advocacy network on policies related to electrification, franchise, right to repair, consumer privacy, data, autonomous vehicles among others. Weikel joined the association in 2012 and has worked in state capitals […]
LKQ Corporation Reports Fourth Quarter Revenue of $3.0 Billion, $12.8 Billion for Year
Parts and services organic revenue increased 4.5%. LKQ Corporation (NASDAQ:LKQ) today reported fourth quarter revenue was $3.0 billion, a decrease of 5.8% as compared to $3.2 billion in the fourth quarter of 2021. On a constant currency basis, however, fourth quarter revenue decreased by just 0.1%. For the fourth quarter of 2022, parts and services […]
IAA Reports Fiscal 2022 Revenue Growth of 14.2% to $2.1 Billion
IAA, Inc. (NYSE: IAA) announced its financial results for the fourth quarter and full year fiscal 2022, which ended January 1, 2023. Consolidated revenues decreased 4.5% to $523.5 million from $548.1 million in the fourth quarter of fiscal 2021. Excluding the impact of the 53rd week from the fourth quarter of fiscal 2021, consolidated revenues […]
AASP-MN Race for Automotive Education Raises Over $14,000 for Student Scholarships
The Alliance of Automotive Service Providers of Minnesota (AASP-MN) held its 21st Annual Race for Automotive Education, January 23-26, at ProKart Indoor Racing in Burnsville. The event raised over $14,000 to support the Alliance’s Automotive Education Fund and will fund scholarships for automotive students enrolled in ASE Accredited auto service and collision repair programs in […]
ABPA Urges Members to Ask Their U.S. Representatives to Support the REPAIR Act
The Automotive Body Parts Association (ABPA) is urging its member to contact legislators to support the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act, H.R. 906, that was reintroduced in the U.S. House of Representatives. According to the association, as vehicle technology becomes even more complex, vehicle manufacturers are creating new barriers that […]
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