The National Institute for Automotive Service Excellence (ASE) is reminding the industry it offers five tests for collision repair technicians and refinishers. These tests are designed to identify and recognize those automotive service professionals who possess knowledge of the skills necessary to properly analyze and repair automotive collision damage and correct paint finish damage. The […]
PNC Riverarch Capital Sells Painters Supply & Equipment to Odyssey Investment Partners
PBE distributor operates 50 branch locations and two distribution centers. PNC Riverarch Capital announced the sale of Painters Supply & Equipment Co. (PSE) to Odyssey Investment Partners in August. Terms of the transaction were not disclosed. Founded in 1952, PSE is a leading distributor of paint and related supplies to the automotive aftermarket and specialty […]
Sonic Automotive Acquires RFJ Auto Partners
RFJ operates 33 dealership locations in seven states and a portfolio of 16 automotive brands. Sonic Automotive, Inc. (NYSE:SAH) today announced an agreement to acquire RFJ Auto Partners, Inc. This acquisition represents one of the largest transactions in automotive retail history and is expected to propel Sonic Automotive into the top-five largest dealer groups in […]
New York Takes Down Auto Theft Ring Linked to Theft of Over 225 Vehicles
New York State Attorney General Letitia James and New York City Police Department (NYPD) Commissioner Dermot Shea announced the indictment of 10 members of an auto theft and distribution operation for their roles in the theft and/or criminal possession of 45 vehicles during a six-month period and their roles related to the theft and resale […]
Tight Used-Vehicle Inventory Pushes Prices Higher
The average listing price for used vehicles set another record in August as vehicle inventory dipped, according to the Cox Automotive analysis of vAuto Available Inventory data, though available supply fell, days’ supply held steady throughout August because sales slowed. Higher used vehicle prices are a positive factor for the collision repair industry as the […]
Michael Casula Named Chief Information Officer at Crash Champions
Crash Champions, LLC announced today that Michael Casula has been appointed to the newly created position of chief information officer. In this role, Casula will provide leadership and strategic direction in building and supporting Crash Champions’ technology infrastructure and business processes. Casula joins Crash Champions from Hallmark Cards, where he served as the vice president […]
Consumer Sentiment Up Slightly in September
University of Michigan survey shows consumer sentiment improved compared to August but down substantially compared to last year. The steep August falloff in consumer sentiment ended in early September, but the small gain still meant that consumers expected the least favorable economic prospects in more than a decade. The Index of Consumer Sentiment stood at […]
Boyd Group Acquires Collision Repair Center in Burbank, Illinois
The Boyd Group Inc. announced the acquisition of a collision repair center in Burbank, Illinois. This new Gerber Collision & Glass repair center operated as Millennium Auto Sales & Repair and has provided service in this market since 2005. Burbank is approximately 15 minutes south of Midway Airport with a northern border near Chicago. “We […]
CARSTAR Adds Collision Repair Center to Network in Rancho Cordova, California
CARSTAR announced the opening of CARSTAR Pacific Coast Collision Center, a 20,000 square foot collision repair facility, located at 3480 Sunrise Boulevard, in Rancho Cordova, Calif. Eddie Shadarevian, owner of CARSTAR Pacific Coast Collision Center, first got into the collision repair industry selling aftermarket auto body parts. Once he decided to open his own auto […]
Turnspire Capital Partners Acquires Spectra Premium Industries
Turnspire Capital Partners LLC announced today that affiliates have signed an agreement to acquire the assets of Spectra Premium Industries. Headquartered in Boucherville, Quebec, Spectra is a designer, manufacturer and distributor of thermal and fluid management metal-formed products for the automotive, heavy-duty truck and industrial markets. With over 700 employees, Spectra operates manufacturing facilities in […]
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