The Automotive Recyclers Association (ARA) announced that professional automotive recycler Eric Wilbert of Wilbert’s U-Pull-It, LLC in Williamson, N.Y. has been nominated to join the Association Executive Committee as Secretary for 2021-2022. “Coming from a family with predecessors that have been very active with many associations, I am incredibly honored to be nominated as the […]
Consumer Sentiment Declines on Concerns Over Slowdown in Economy Amid Rising COVID Risks
Concerns over inflation at highest levels in more than 50 years. Consumer sentiment fell in July, posting a monthly decline of 5.0% from June, falling to the lowest level since February, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 81.2 in July 2021 from June’s 85.5, and the […]
Classic Collision Acquires 14 Collision Repair Centers in Pacific Northwest
With the acquisition, Classic now operates 100 locations in eight states. Classic Collision, LLC announced the acquisition of 14 Central Auto Body locations in Oregon and Washington. Classic Collision now operates a total of 100 repair centers in Georgia, Florida, Alabama, South Carolina, California, Alaska, Oregon, and Washington. Central Auto Body, in business for three […]
CCC and Dragoneer Investment Group Close SPAC Merger
CCC Intelligent Solutions Inc. and Dragoneer Investment Group, LLC completed the previously announced business combination of CCC and Dragoneer Growth Opportunities Corp., a special purpose acquisition company (SPAC) formed by Dragoneer Investment Group on July 30. The Business Combination was approved by Dragoneer shareholders at a special meeting held July 29. Starting today, the common […]
Michelle Sullivan Appointed U.S. Sales Director at AkzoNobel
AkzoNobel today announced that Michelle Sullivan is appointed Sales Director for its Vehicle Refinish (VR) US-East Region effective August 1. Michelle reports directly to John Griffin, Regional Commercial Director – AkzoNobel Automotive & Specialty Coatings, Americas, and President – AkzoNobel, Inc. In her new role, Michelle is responsible for leading sales efforts across all VR […]
Automotive Lift Institute Reports Counterfeit Gold Certification Label Found in Ontario, Canada
The Automotive Lift Institute (ALI) warned of counterfeit gold “Certified Automotive Lift” labels being applied to automotive lifts. The ALI safety notification said that that certain automotive lifts from Budget Automotive Equipment Inc. installed in Ontario and possibly other Canadian provinces or U.S. States may bear a fraudulent declaration of compliance and product certification intended […]
I-CAR Announce Board Election Results
The Inter-Industry Conference on Auto Collision Repair (I-CAR) Board of Directors announced the election of four individuals to fill open board seats, including two members returning for a second, three-year term. The Board’s election process concluded on July 14 and new board members will assume their roles immediately following the August 25 I-CAR Board of […]
Insurance Associations Defend Auto Insurer Pricing Factors
Following calls by consumer groups for the U.S. Treasury Department’s Federal Insurance Office (FIO) to update its 2017 auto insurance affordability study, two insurance groups commented on the proposals. David Snyder, vice president of the American Property Casualty Insurance Association’s Policy, Research and International Division (APCIA) said, “We support the Department of Treasury’s Federal Insurance […]
LKQ Reports Second Quarter Revenue of $3.4 Billion
Announces additional $1 billion stock repurchase program. LKQ Corporation today reported revenue for the second quarter of 2021 was $3.4 billion, an increase of 30.8% compared to $2.6 billion in the second quarter of 2020 that had been impacted by the pandemic. For the second quarter of 2021, parts and services organic revenue increased 21.9%, […]
Honda Collision Repair Focus of August 12 Guild 21 Webinar
VeriFacts Automotive, LLC announced that the next Guild 21 Webinar will be held on Thursday, August 12 at 2 p.m. (EDT) and focus on All Things Honda. The 60-minute presentation will feature Scott Kaboos, America Honda Motor Company’s national assistant manager of Collision Repair Training and Technology. Kaboos will be joined by John Chambers, Honda’s […]
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