Same store sales down 33% compared to last year. Boyd Group Services Inc. (TSE: BYD) today announced sales decreased by 25.5% to CA$426.5 million ($321.6 million) in the second quarter ended June 30 from CA$572.5 million ($431.7 million) in the same period of 2019, including same-store sales decreases of 33.0%, which was negatively impacted by […]
Universal Technical Institute Reports Fiscal Third Quarter of Revenue Down 31%
Universal Technical Institute, Inc. (NYSE: UTI), the provider of transportation technician training, reported revenue of $54.5 million for its fiscal third quarter ended June 30, down 31% from the prior year quarter reflecting timing of students returning from leave of absence (LOA) and overall student progression through make-up labs. The company reported new student starts […]
Over 900 High-School and Post-Secondary School Instructors Participate in ASE Virtual Training Conference
The ASE Virtual Instructor Conference was a huge success as over 900 instructors from across the country participated in the sold-out event. The conference was developed and conducted for high school and post-secondary instructors from automotive, truck and collision repair programs nationwide. “We could not be happier with our first virtual training conference,” said Mike […]
Jacob Welch Joins LKQ Board of Directors
LKQ Corporation (NASDAQ: LKQ) announced that it has appointed Jacob H. Welch of ValueAct Capital to its Board of Directors effective today. Joseph Holsten, Chairman of LKQ Corporation stated, “We are delighted to welcome Jake to LKQ’s Board. Jake’s investment management track record and public market experience will further complement the diverse skills and experience […]
Fix Auto USA Adds Collision Repair Center to Network in California
Location is eighth for Richard Fish and second for Bryan Wendt in franchise network. Fix Auto USA announced its newest location, Fix Auto Lake Forest in Orange County, Calif., was added to its network. Fix Auto Lake Forest is the eighth California location for Franchise Partner Richard Fish and second for Bryan Wendt, who, with […]
Volkswagen Car-Net selects CCC Information Services for Insurance Telematics Services
CCC Information Services Inc. and Volkswagen Car-Net announced today that CCC has become the automaker’s exclusive provider of insurance telematics services for the newest generation of VW Car-Net, included in most model year 2020 and 2021 vehicles. Upon customer consent, the CCC X data exchange will utilize driving data from Volkswagen Car-Net, the automaker’s connected […]
Hyundai Structural Repair Procedures and Material Guidelines Now Available in Mitchell Software
Mitchell today announced availability of Hyundai structural repair procedures and material guidelines in Mitchell’s software. Mitchell finished the integration immediately following Hyundai’s mid-July release of four models. The structural repair procedures and material guidelines for the 2019-20 Santa Fe, 2020 Sonata and 2020 Palisade are now available in the Mitchell TechAdvisor solution and through the […]
Hertz Global Holdings Reports Global Revenue Down 67% in Second Quarter
Hertz Global Holdings, Inc. (NYSE:HTZ) today reported results for its second quarter 2020 with revenue of $832 million, a net loss of $847 million and adjusted Corporate earnings before interest, taxes, depreciation and amortization (EBITDA) of negative $587 million. Liquidity at the end of the second quarter was $1.4 billion. In May, Hertz filed for […]
Axalta Extends Partnership with I-CAR Canada through the Sustaining Partner Program
Axalta (NYSE:AXTA) today announced that they have extended their participation in I-CAR’s Sustaining Partner Program in North America to include Canada, which was effective July 1, 2020. Axalta’s participation in the Program offers Refinish students more accessible and affordable training, either virtually or in-person, at any of Axalta’s Learning and Development Centers, while earning Platinum […]
GEICO Reports Collision Claims Frequencies Were Down 24-26% in First Half of 2020
Collision severity up for first half. Overall premiums written were down 7% in the quarter and 1.1% for first six months. On August 8, Berkshire Hathaway Inc. reported its second quarter earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company’s quarterly report, GEICO generated pre-tax […]
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