As Americans begin to see the light at the end of the COVID tunnel, record numbers of buyers are venturing back into auto showrooms. “The problem,” says Jack Gillis, CFA’s Executive Director and author of The Car Book, “is that vehicle inventories are way down which means it’s a sellers’ market. Limited supply is a […]
Boyd Group Acquires Two Collision Repair Centers in Maryland
Adds one of the oldest collision repair operations in the state, founded nearly 100 years ago. The Boyd Group Inc. announced the acquisition of two collision repair centers in Baltimore and Reisterstown, Maryland. These new Gerber Collision & Glass locations operated as Camden Body & Fender, founded 96 years ago, and is one of the […]
CARSTAR Adds Collision Repair Center to Network in Myrtle Beach
CARSTAR announced the opening of CARSTAR Myrtle Beach, a 7,500 sq. ft. collision repair facility, located at 1560 Highway 501 in Myrtle Beach, S.C. CARSTAR Myrtle Beach owner, Ken Depper, grew up in the industry as his father owned a body shop. Depper started spending summers in the facility at the age of 12. Depper’s […]
Infomedia Acquires Auto E-Commerce Platform SimplePart
Infomedia Ltd (ASX:IFM), the software provider in parts, service and data insights solutions to the global automotive industry, announced earlier this month that IFM Americas Inc., a wholly owned subsidiary of Infomedia Ltd, has entered into an agreement to acquire US-based e-commerce platform, SimplePart. SimplePart designs, implements and manages consumer-facing e-commerce programs in the US […]
NASTF Virtual Meeting May 24
NASTF announced its first general meeting of 2021 Monday, May 24th, from 7:00-8:30 PM (EDT) and kicks off a week of industry events hosted by NASTF’s industry partners, the Equipment and Tool Institute (ETI) and AMRA. The webinar is open to all attendees and will include: A walk through of NASTF’s newest program, Assisted Immobilizer […]
AkzoNobel Launches 2021 Paint the Future Startup Challenge
AkzoNobel announced the launch of its Paint the Future global startup challenge for 2021. Startups have until July 20 to submit their ingenious solutions to Paint the Future. All submissions will receive feedback from industry experts. Selected finalists will be invited to a collaboration event in late 2021. Winners will be offered partnership agreements to […]
Solera Acquires Omnitracs and DealerSocket
Solera Holdings, Inc. announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. These acquisitions will extend Solera’s position in global data intelligence and as a technology leader serving all constituents engaged in vehicle lifecycle management. The acquisitions will build upon Solera’s strategy to […]
Louisiana Drivers Pay Highest Car Insurance Rates
The 2021 Insure.com report on auto insurance costs shows Louisiana swiping the top spot from Michigan, which was the reigning champ for seven straight years. Louisiana, however, is no stranger to the list, having been in the top five nearly every year since the beginning of the report. “While most states experienced rate declines over […]
CCAR and Electude Announce Complimentary Updated eSafety Modules for SkillsUSA Contestants
Electude International and The Coordinating Committee For Automotive Repair (CCAR) announced that they have once again released preparatory Maintenance and Light Repair (MLR) Safety courses for all automotive students readying to compete in SkillsUSA. The courses, available on a complimentary basis and with unlimited access to all participating instructors and students, will provide seven (7) […]
Small Business Optimism Up in April
NFIB survey shows job openings remain at record highs. The National Federation of Independent Business (NFIB) Small Business Optimism Index rose to 99.8 in April, an increase of 1.6 points from March. The Optimism Index has increased 4.8 points over the past three months since January but a record 44% of owners reported job openings […]
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