Uni-Select Inc. (TSE:UNS) announced that the required waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with 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 addition, […]
CARSTAR Adds Collision Repair Center to Network in Pflugerville, Texas
CARSTAR announced the opening of CARSTAR UCF Collision Pflugerville, a more than 50,000 sq. ft. collision repair center located at 4674 Priem Lane Suite 206 in Pflugerville, Texas. Sam Naimat, owner of CARSTAR UCF Collision Pflugerville, is an experienced business developer with a proven track record of establishing multiple Mercedes Benz dealerships across Florida. “I […]
Axalta Launches Fully Automated Mixing Machine
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 […]
IBIS Latin America Scheduled for July 13 in Mexico City
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 […]
LexisNexis Auto Insurance Trends Report Says Collision Severity Was Up 9% in 2022
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 […]
National Auto Body Council Opens Bidding for Exclusive Ticket Package to Sold-Out NASCAR All-Star Race
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 […]
AASP-MN 28th Annual Golf Outing June 21
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 […]
Focus Advisors Reports Private Equity More Committed to Collision Repair Than Ever
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 […]
Boyd Group Reports Sales Up Over 28% in First Quarter Compared to Last Year
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 […]
CARSTAR Adds Two New Collision Repair Centers in New Jersey
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 […]
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