Association advocates for its small business owners during coronavirus health crisis. The Automotive Service Association (ASA) has been working in a coalition to assure independent repairers are included in any stimulus package for the coronavirus response governmental agencies during this time. According to the association, the U.S. Small Business Administration (SBA) has said it will […]
Mitsubishi Motors Selects OEConnection for Collision Repair Parts Marketing Program
Mitsubishi Motors North America, Inc. (MMNA) has selected OEConnection LLC (OEC) to support is collision repair parts marketing program. MMNA’s Mitsubishi Ultra Conquest Program will use CollisionLink from OEC starting this month. MMNA is the 26th vehicle manufacturer in North America, and the fifth in the past six months, to implement CollisionLink to enhance their […]
IAA Reports Revenue Up 6.2% in Fourth Quarter and Full Year Fiscal 2019 Financial Results
IAA, Inc. (NYSE: IAA) reported its revenue increased 6.2% to $355.9 million in the fourth quarter of 2019 ended December 29, up from $335.2 million in the fourth quarter of fiscal 2018. Fourth quarter revenue includes $2.4 million of revenue from DDI, which was acquired on July 31, 2019. Foreign currency movements had a negative impact […]
VeriFacts Offers Guidance for Collision Repair Facilities on Coronavirus
VeriFacts Automotive issued recommendations for the collision repair industry and the many people who work in it are faced with new considerations for how they perform their job in the wake of the coronavirus. “As travel options such as flying and public transportation are becoming limited, people are even more dependent on their vehicles for […]
Vehicle Manufacturers Pause Production in North America
Several vehicle manufacturers have announced plans to pause vehicle production across North America in response to the coronavirus outbreak. Below are list of manufacturer announcements on their production plans. Fiat Chrysler Automobiles Fiat Chrysler Automobiles (FCA) announced it would cease production at its plants across North America, starting progressively from March 18 through the end […]
Boyd Group Reports Revenue Up 22.5% in 2019
Same-store sales up 3.3%. Will pause closing new acquisitions during COVID-19 crisis. The Boyd Group Services Inc. (TSE:BYD) today reported 2019 sales of increased by 22.5% to CA$2.3 billion ($1.59 billion) from CA$1.9 billion ($1.32 billion) in 2018, including same-store sales increases of 3.3%. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 24.3% […]
Pacific Elite and Crash Champions Merge
Pacific Elite, the family owned operator of collision repair shops in California, today announced a merger with Crash Champions, LLC, a leading regional collision repair business in the greater Chicago area. The newly combined company (CombineCo) will be the 5th largest independent MSO in the country according to the company, with an established presence in […]
Auto Groups Call on President Trump to Consider Auto Repair Facilities Essential Services and Remain Open During Outbreak
The National Automobile Dealers Association (NADA) and the Alliance for Automotive Innovation, that represents vehicle manufacturers, in a letter yesterday, asked President Trump to provide guidance for state and local governments considering closing non-essential businesses or implementing shelter-in-place orders to exempt auto repair, maintenance and sales facilities. The letter stated, “Given the importance of safe […]
Automotive Scholarships Application Deadline Extended to April 30
The University of the Aftermarket Foundation (UAF) has extended the deadline to apply for automotive scholarships at its Automotive Aftermarket Scholarship Central website to April 30, 2020. “Because schools and colleges throughout the country have closed due to increasing concerns over the COVID-19 coronavirus pandemic, many students are unable to get access to their transcripts […]
Additional Event Postponements and Cancellations
ABPA Postpones Spring Convention Until September The Automotive Body Parts Association (ABPA) announced it will be postponing its Spring conference in Newport Beach, Calif until the week of September 21, 2020. ABPA will be remaining at the same hotel (Hyatt Regency Newport Beach) and will provide an updated convention schedule as soon as possible. Visit […]
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