IAA, Inc. (NYSE:IAA) today completed its separation from KAR Auction Services, Inc. (NYSE:KAR). IAA’s common stock will begin trading today on the New York Stock Exchange under the symbol IAA. “We are excited for IAA to enter the public markets as a strong, independent company. As a standalone publicly traded company, IAA will continue to […]
MPE Partners Invests in Garmat USA
Private equity firm MPE Partners announced today an investment in Garmat USA, LLC. Located in Englewood, Colo., Garmat USA designs and manufactures paint booths, finishing solutions, and related accessories for the collision repair and industrial end markets. Garmat, founded in 1988, serves collision repair shop customers through a nationwide network of distributor partners. Based in […]
BMW Opens Two New Collision Repair Technician Training Facilities, Expands Two Others
BMW of North America announced the openings of two new auto service and collision repair technician training facilities in Spartanburg, S.C. and Atlanta, Ga., and the expansion of training capacity in Ontario, Calif. and at the company’s headquarters in Woodcliff Lake, N.J. The $56 million investment will support the development of new and existing technicians […]
Iowa Collision Repair Association Golf Tournament August 15
The Iowa Collision Repair Association (ICRA) will hold its golf outing on August 15 at Iowa’s Premier Golf Destination, Riverside Casino and Golf in Riverside, Iowa. The cost to participate is $150 per attendee and includes Golf, box lunch, cart, range balls, and tax. Registration and additional information is available online. The event is sponsors […]
Fix Network Team Gathers for Canada Meetings
Fix Network World President & CEO Steve Leal, welcomed staff from across Canada to the annual team meetings for all Fix Network corporate brands. The meetings were held in Ottawa, Ontario. “In response to the rapid growth of our network in Canada, we now have more than 90 team members all focused on supporting our […]
CAPA Reaffirms Commitment to the Collision Repair Industry
In the wake of NSF announcement that it is discontinuing its collision repair crash parts and business certification programs, the Certified Automotive Parts Association announced it remains committed to the industry. The Certified Automotive Parts Association (CAPA) is reassuring the collision repair industry it will continue its mission to ensure that certified non-OEM collision repair […]
National Safety Council Cautions on Road and Workplace Safety Concerns as Illinois Legalizes Recreational Marijuana
With Gov. J.B. Pritzker’s signing of House Bill 1438, Illinois has become the 11th state to legalize marijuana for recreational use. In 2014, Illinois legalized marijuana for medical use. Thirty-four states and Washington, D.C., now have legalized medical or recreational marijuana, meaning a majority of Americans live in a state with some form of legal […]
U.S. Automotive Aftermarket Sales Reach $297 Billion in 2018
The U.S. automotive aftermarket reached total sales of $297 billion in 2018, exceeding the projected growth rate by nearly $1 billion, according to the 2019 Joint Channel Forecast Model produced by the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association. The 2019 Joint Channel Forecast Model predicts that the total aftermarket sales will […]
Mitsubishi Announces it will Relocate U.S. Headquarters to Tennessee
West coast parts distribution center also moving to new California location. Mitsubishi Motors North America, Inc. (MMNA) announced it will relocate its headquarters from Cypress, Calif., to Franklin, Tenn., a suburb of Nashville. The move is part of an ongoing plan to reinvent every aspect of Mitsubishi Motors in the U.S. Since 1988, MMNA has […]
HD Repair Forum 2020 Event Planned for March 24-25 in Fort Worth
The 2020 HD Repair Forum is scheduled for March 24-25 at The Worthington Renaissance Fort Worth Hotel in Forth Worth, Texas. Registration will open in the fall of 2019. “The HD Repair Forum brings together all stakeholders from the heavy-duty collision repair industry. The event provides attendees an opportunity to discuss trends, address industry challenges, […]
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