One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the acquisition of MEDCO, from Essendant, Inc. in a corporate carve-out transaction. Financial terms of the transaction were not disclosed. Medco is a wholesale distributor of automotive aftermarket tools and collision repair products, serving both traditional distribution and mobile tool […]
AAPEX Show Will Highlight Industry Fight for Access and Control of Vehicle Data
The AAPEX 2019 show will host several events to educate and activate the automotive aftermarket industry in the fight for access to and control of vehicle data through the Your Car. Your Data. Your Choice. national consumer education campaign. AAPEX takes place Tuesday, Nov. 5 through Thursday, Nov. 7, at the Sands Expo in Las […]
NHTSA Will Propose Upgrades to Vehicle Crash Test and Rating Program Next Year
The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced its plan to propose updates and upgrades to the New Car Assessment Program in 2020. “NCAP is celebrating its 40-year anniversary, and we’re proud that it continues to encourage automakers to invest in safety,” said NHTSA Acting Administrator James Owens. “NHTSA’s Government 5-Star Safety […]
ARA Endorses G. J. Sullivan as Preferred Insurance Carrier
The Automotive Recyclers Association (ARA) announced that G. J. Sullivan is now the preferred insurance carrier for its membership of professional automotive recyclers. G.J. Sullivan offers a wide range of insurance products and solutions for the automotive recycling industry. The announcement was made during ARA’s 76th Annual Convention and Exposition held October 10-12, in Charlotte, […]
Fix Network Canada Opens Training Center in Ontario
Additional training facilities planned for Quebec and Alberta. On October 1st, over 100 guests attended the Fix Network Canada Training Centre grand opening in Milton, Ontario, Canada. This center is not only a first for the Network, but the first of its kind in the automotive aftermarket services industry. The center includes 6,400 square feet […]
PPG Reports Third Quarter Sales of $3.8 Billion
PPG (NYSE:PPG) today reported third quarter 2019 net sales of approximately $3.8 billion, comparable with the prior year. Net sales in constant currencies were about 2% higher versus the previous year, driven by higher selling prices of 2.6%, and acquisition-related sales, net of divestitures, of more than 2%. Aggregate sales volumes were down nearly 3% […]
CIECA Webinar November 12 Examines Impact of New Technologies on Auto Physical Damage Claims
The Collision Industry Electronic Commerce Association (CIECA) announced its next CIECAst webinar, This Changes Everything: The Impact of New Technologies on the Auto Physical Damage & Claims Ecosystem – What Repairers and Other Collision Industry Stakeholders Need to Know, will be held on Tuesday, November 12th at noon EST and feature Stephen Applebaum, managing partner […]
Chad Counselman Named President of the Automotive Recyclers Association
Professional automotive recycler Chad Counselman, Counselman Automotive Recycling in Mobile, Ala., was welcomed as the new President of the Automotive Recyclers Association (ARA) this past weekend at the organization’s 76th Annual Convention and Exposition in Charlotte, N.C.. Prior to his naming as President, Counselman had served as Secretary, Second Vice President and First Vice President […]
Reports Indicate Tentative Deal between Union and GM to Settle Strike Impacting Collision Repair Parts Supply
While union members may soon be back at work at General Motors, the United Auto Workers are striking at Mack Trucks. The UAW and General Motors are reported to have reached a tentative agreement to settle its strike with the vehicle manufacturer that has entered its fifth week. According to the report by CNBC, local […]
Automakers Not Making Progress in Persuading Consumers to Want Electric or Self-Driving Vehicles
J.D. Power research finds women even less interested than men in self-driving vehicles. As auto manufacturers invest billions to bring self-driving vehicles to market and increase choice in battery-electric vehicles, many consumers still lack confidence in the technologies. According to the J.D. Power 2019 Q3 Mobility Confidence Index Study fueled by SurveyMonkey Audience shows the […]
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