LKQ Corporation (Nasdaq: LKQ) today reported third quarter 2020 revenue was $3.0 billion, down 3.2% year-over-year. The company’s overall parts and services organic revenue declined 4.5% year-over-year during the quarter. The net impact of acquisition and divestitures revenue was -1.0% and foreign exchange rates was 2.1%, for a total parts and services revenue decline of […]
AASP-MN Releases New Video Highlighting Benefits of Membership
AASP-MN is pleased to announce the release of its new membership video. In the words of association members, the video, embedded below, highlights the multitude of benefits that the Alliance provides. Education, access to information, group buying programs, representation at the State Capitol, industry and career promotion and, most importantly, the ability to network and […]
IAA Breaks Ground on New Locations in Colorado, Florida and New Jersey
IAA, Inc. (NYSE: IAA) announced breaking ground for three new branch locations in Colorado Springs, Colo., West Palm Beach, Fla. and Port Murray, N.J. These real estate investments will expand IAA’s footprint count across the three states to 21 locations. The new West Palm Beach and Port Murray locations will also strategically enhance IAA’s ability […]
P/C Insurers Report a 26% Drop in Net Income in First-Half 2020
Industry results show effects of COVID-19 according to Verisk and the APCIA. Net income for the private U.S. property/casualty insurance industry dropped 26% in the first half of 2020, as the effects of COVID-19 began to hurt insurer underwriting results and investment gains, according to Verisk (NASDAQ:VRSK), a leading data analytics provider, and the American […]
myASE Web Portal Now Open for Registration
The National Institute for Automotive Service Excellence (ASE) has launched its new myASE web portal where repair and service professionals can register, schedule tests and view certification information. “We are very pleased to announce that the enhanced myASE web portal is open for business, providing a more intuitive, user-friendly online experience and increasing the level […]
Solera Announces Advancements in Qapter AI Collision Repair Solution in Collaboration with Google Cloud
Solera Holdings, Inc. today announced new updates in its A.I.-based, end-to-end claims management platform, Qapter. Qapter enables collision repair ecosystem participants to accelerate the introduction of A.I. in their workflows, without the risks, costs and limitations inherent in point solutions. A collaboration between Qapter’s A.I. and Google Cloud infrastructure enables the solution to scale globally, […]
ASA Urges Shops to Contact Congress on New COVID-19 Relief Stimulus Package
The Automotive Service Association (ASA) reports that talks continue this week in Congress between Treasury Secretary Steven Mnuchin, Speaker of the House Nancy Pelosi, other Republican congressional leaders, and members of the Trump Administration to finalize another stimulus package for COVID-19 relief. Speaker Pelosi and Secretary Mnuchin have been negotiating for weeks over the size […]
Fix Auto USA Adds Collision Repair Center to Network in California
Addition of Maserati-certified center adds to Los Angeles market presence. Fix Auto USA announced the addition of Maserati-certified Fix Auto Walnut in Los Angeles, Calif. to its collision repair center network. Fix Auto Walnut is locally owned and operated by brothers Salvador and Juan Carlos Sanchez, and managed by Danny Provenza. “It’s an absolute pleasure […]
Elephant Insurance Allows Majority of Employees to Continue Working from Home Through July 2021
Elephant Insurance recently announced plans to have the majority of its employees work remotely until at least July 31, 2021. “The most important thing we can do as an employer is to keep our employees safe,” said Alberto Schiavon, CEO of Elephant Insurance. “With the uncertainly of the pandemic into the first half of the […]
Mike Stanton Named President and CEO of NADA
The National Automobile Dealers Association (NADA) announced that Mike Stanton will serve as the organization’s next president and CEO. Stanton, 52, succeeds Peter Welch, who has led NADA since his appointment by the NADA Board of Directors in January 2013. “NADA is a great organization representing one of America’s most important industries,” said Stanton. “It […]
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