Adds used vehicle reconditioning software provider used by nearly 8,000 technicians that repair more than 40,000 vehicles per day. Repairify, Inc., a portfolio company of Kinderhook Industries, LLC, today announced the acquisition of AutoMobile Technologies (AMT), a provider of enterprise-grade used vehicle reconditioning software. AMT’s technology helps automotive reconditioning providers replace paperwork, enforce processes, and […]
Collision Repair Center Office Secretary Sentenced to Federal Prison for Stealing Over $200,000 from Employer
Rhode Island woman pleaded guilty to mail fraud. A Pawtucket, R.I. woman who, while working as office secretary at Ideal Auto Body in Cranston, devised a scheme to fraudulently obtain the proceeds of nearly 200 checks provided to customers by their insurance companies to pay for vehicle repairs, has been sentenced to two years in federal […]
Labor Rate Panel Discussion Featured at Northeast Tradeshow
Spots are filling up quickly for the much-anticipated educational slate at the NORTHEAST 2022 Automotive Services Show, taking place March 18-20 at the Meadowlands Exposition Center (MEC) in Secaucus, NJ. One of the most widely talked about, debated and legislatively battled issues affecting the automotive repair industry is the labor rate. A special panel, Labor […]
NABC to Host Round Up Pars for Cars Golf Fundraiser April 12 in Oklahoma City
The National Auto Body Council will host the first golf fundraising event of 2022 at the Golf Club of Edmond, in conjunction with industry meetings taking place in Oklahoma City. The NABC Round Up Pars for Cars Golf Fundraiser presented by Hertz will take place on Tuesday, April 12, with a 1 p.m. CT shotgun […]
Advantage Parts Solutions Announces Promotions within Global Leadership Team
Advantage Parts Solutions, the global provider of strategic automotive parts solutions, announced promotions within its global leadership team. Darren Clark was promoted to UK Managing Director, Murray Isaac to Chief Financial Officer, and Steve Kirstiuk to Senior Vice President of Global Operations. Clark began his career with Advantage Parts Solutions as one of the founding […]
LKQ Corporation Reports Fourth Quarter Revenue of $3.2 Billion, up 7.9% versus 2020
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the fourth quarter of 2021 was $3.2 billion, an increase of 7.9% as compared to $3.0 billion in the fourth quarter of 2020. For the fourth quarter of 2021, parts and services organic revenue increased 6.6% (7.3% on a per day basis), while the net impact of acquisitions […]
Collision Repair Education Foundation Opens Summer Golf Fundraiser Registration
Registration is now open for the Collision Repair Education Foundation’s (CREF) 21st Annual Golf Fundraiser, co-hosted by PPG Automotive Refinish and scheduled to take place at the Edgewood Country Club in Pittsburgh, Pa. on Tuesday, July 19 in conjunction with national industry meetings. CREF invites collision professionals to support its efforts to bridge the gap […]
Claim Genius Joins GT Fusion
Claim Genius announced it joined GT Fusion, the UK-based platform for damage repair estimation powered by AI technology partners. GT Fusion will enable insurtechs to expedite and streamline motor claims processes with greater automation. Together, the companies will enable accurate and reliable image analysis and cost estimation, leveraging GT Motive’s estimatic estimating data and Claim […]
Pennsylvania Insurance Commissioner Jessica Altman to Step Down
Pennsylvania Governor Tom Wolf announced that the Pennsylvania Insurance Department (PID) Commissioner Jessica Altman will resign her position with the commonwealth on Friday, February 25. “Commissioner Altman has been a steadfast leader for Pennsylvanians throughout her tenure in state government including protecting access to high-quality, affordable health care by holding insurance companies accountable, ensuring adequate […]
Driven Brands Reports Revenue of Over $391 Million in Fourth Quarter Up 36% Versus 2020
Paint, Collision & Glass segment same-store sales up 11.4% in quarter. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue was $391.9 million in its fourth quarter ended December 25, 2021, an increase of 36% versus the prior year. System-wide sales were $1.2 billion, an increase of 26% versus the prior year, with 6% net store growth […]
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