According to the latest research from J.D. Power, while more consumers are considering an electric vehicle (EV) for their next new vehicle, a growing number of consumers say they are very unlikely to consider an EV purchase for their next vehicle purchase. Key Findings of the study include: EV Holdouts Become More Resolute: Despite recent […]
AIA Canada Announces Young Leader and Distinguished Service Award Winners
The Automotive Industries Association of Canada (AIA Canada) announced the recipients of the 2023 AIA Canada Distinguished Service Award and the Young Professionals in the Aftermarket (YPA) Young Leader of the Year Award. The award presentations took place during the AIA Canada National Conference held on April 25-26, in Toronto, Ontario, Canada. Brad Cochrane of […]
AASP/NJ Northeast Trade Show Panel Examined How to Overcome Shops’ Everyday Challenges
As a business owner or manager, the everyday challenges can sometimes seem insurmountable, but even the toughest dragons can be slain with a little preparation. A highlight of AASP/NJ’s NORTHEAST 2023 Automotive Services Show was the panel discussion on “Slaying the Dragon: Manageable Actions for Shop Success” which featured AASP/NJ Executive Director Charles Bryant, AASP/NJ […]
MOTOR Announces Update to Refinish Time Guidance for Blending Adjacent Panels
MOTOR Information Systems (MOTOR), a Hearst company, announced today it will make a change to the Estimated Worktime Development Methodology for color blend of adjacent panels within the MOTOR Guide to Estimating (GTE). The change is designed to account for variations in modern vehicle paint refinishing and will be made in October 2023 as part […]
ASE Education Foundation Announces Instructor Training Conference Course Topics
The ASE Education Foundation announced speakers and topics that will be featured at its July 17- ASE Instructor Training Conference 20 in Concord, N.C. Hosted by the ASE Education Foundation, the training event will be attended by high school and college instructors from auto, truck and collision repair programs nationwide. “Each year, some of the […]
Michael Wise Nominated to Be Next Director of the South Carolina Department of Insurance
South Carolina Governor Henry McMaster nominated Michael Wise to be the next director of the South Carolina Department of Insurance (DOI). Wise has worked at DOI since 2009 and currently serves as the agency’s acting director following the April 2022 retirement of former Director Ray Farmer. Prior to being acting director, Wise served as the […]
Uni-Select Shareholders Approve Acquisition by LKQ
Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, announced that its shareholders have approved the previously announced plan of arrangement under the provisions of the Québec Business Corporations Act involving Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation. In February, LKQ and Uni-Select announced that they have entered into a definitive […]
LKQ Corporation Reports Revenue of $3.3 Billion in First Quarter
Parts and services organic revenue growth was 7.9%. The LKQ Corporation (NASDAQ:LKQ) today reported revenue was $3.3 billion in the first quarter of both 2023, even with the first quarter of 2022. For the first quarter of 2023, parts and services organic revenue increased 7.9%, 7.1% on a per day basis, while the net impact […]
IAA Continues to Invest in North American Footprint
IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company (NYSE:RBA) (TSE:RBA), announced that it has made strategic real estate investments in New York, Indiana, Connecticut and Delaware. The IAA Staten Island (NY) and IAA Fort Wayne (IN) branches have opened to accommodate growing demand in these busy markets. IAA also has bought out the […]
Auto Insurance Shopping and Carrier Switch Rates Reach New Highs as Premiums Increase
J.D. Power finds State Farm ranks highest among large insurers for shopping experience. The Hartford best among midsize insurers. Progressive gaining market share as GEICO raises rates above industry average. The nation’s auto insurers are locked in a vicious cycle of inflation, rising premiums and steadily increasing customer defection rates. The result, according to the […]
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