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Small Business Optimism Drops to a New Two Year Low

April 21, 2016 By CollisionWeek Editor

NFIB Optimism Index March 2016

Small business owners still pessimistic about the economy. The National Federation of Independent Business (NFIB) Index of Small Business Optimism declined 0.3 points in March from February to 92.6. While not statistically significant overall, the NFIB reports that four of the 10 Index components posted a gain, six posted small declines. The biggest gain was […]

Filed Under: News Tagged With: National Federation of Independent Business, Small Business Optimism Index

Registration Open for AAPEX 2016

April 21, 2016 By CollisionWeek Editor

Online attendee registration is now open for AAPEX 2016, the global event that keeps professionals in the automotive aftermarket industry ahead of the curve. AAPEX 2016 will take place Tuesday, Nov. 1 through Thursday, Nov. 3, at the Sands Expo in Las Vegas, with AAPEXedu sessions starting on Monday, Oct. 31. AAPEX registration includes access […]

Filed Under: News Tagged With: AAPEX

BASF Acquires Refinish Paint Manufacturer in China

April 20, 2016 By CollisionWeek Editor

BASF has signed an agreement to acquire the assets of Guangdong Yinfan Chemistry Co., Ltd. in China. With this acquisition, BASF will establish a stronger coatings production footprint by gaining access to a state-of-the-art automotive refinish coatings plant in China. It will also enable BASF to broaden its automotive refinish portfolio in Asia Pacific by […]

Filed Under: News Tagged With: Acquisitions, BASF, China

Insurance Auto Auctions Opens Location in New York

April 20, 2016 By CollisionWeek Editor

Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (KAR), held a grand opening yesterday celebrating its newest branch in Bergen, New York near Rochester. “The new location will increase the company’s attendance in upstate New York by offering buyers and sellers the chance to obtain more inventory with greater convenience,” said […]

Filed Under: News Tagged With: Insurance Auto Auctions, New York, Openings

Fusor Launches Structural and Mechanical Bonding Course

April 20, 2016 By CollisionWeek Editor

LORD Corporation, maker of Fusor Repair Adhesives announced the launch of a new I-CAR Alliance Course focused on repair procedures for structural and mechanical bonding. Available as of April 1, Fusor 008 Structural and Mechanical Bonding was developed in response to changing industry trends and repair procedures. Key objectives of the hands-on training course include […]

Filed Under: News Tagged With: Fusor, I-CAR, training

Wholesale Used Vehicle Prices Up in March

April 19, 2016 By CollisionWeek Editor

Wholesale Used Vehicle Price Trends

According to ADESA Analytical Services, average wholesale prices for used vehicles was up in March versus February and last year. According to ADESA Analytical Services’ Current Used Vehicle Market Conditions report, signs of the traditional spring tax-season market appeared in March, as average wholesale prices rose both on a sequential and annual basis. Yet price […]

Filed Under: News Tagged With: Wholesale Used Vehicle Price Trends

Industrial Finishes & Systems Acquires Rancho Cordova Jobber

April 19, 2016 By CollisionWeek Editor

Industrial Finishes & Systems Inc., a distributor of automotive paint, equipment and supplies, announced the acquisition of Sunrise Automotive Paint in Rancho Cordova, Calif. Rancho Cordova complements Industrial Finishes & Systems, Inc. existing locations in Napa and Woodland, strengthening the company’s footprint in the Northern California region. The location will continue as Sunrise Automotive Paint […]

Filed Under: News Tagged With: Acquisitions, California, Industrial Finishes & Systems, PBE Distributor

Ford Drops Price 11% on 34 New Collision Repair Parts in Truckload Program

April 19, 2016 By CollisionWeek Editor

Ford Customer Service Division (FCSD) announced it has added 34 new parts to its Collision Parts Truckload Program, reducing list prices on those parts by an average of 11 percent. The additions include parts for the popular F-series, Edge, Fusion, Escape and Explorer vehicle lines. “For nearly 20 years, the Truckload Program has played an […]

Filed Under: News Tagged With: Ford Motor Company, OEM Parts

Regional Golf Fundraiser Paves Way for National Auto Body Council Programs

April 19, 2016 By CollisionWeek Editor

A full field of golfers representing all facets of the collision industry, with Enterprise Rent-A-Car as Presenting Sponsor and 33 additional sponsors, joined forces in Dallas, Texas for a successful day for the National Auto Body Council (NABC), the entire collision repair industry and most importantly three deserving North Texas families in need of transportation. […]

Filed Under: News Tagged With: Allstate, Berkshire Hathaway Automotive, Caliber Collision Centers, National Auto Body Council, Recycled Rides, Service King Collision Repair Centers, State Farm, Texas

BASF Names Christopher Kugler National Strategic Accounts Manager

April 19, 2016 By CollisionWeek Editor

BASF Automotive Refinish has hired Christopher Kugler as its new National Strategic Accounts Manager. Most recently, Kugler was the Director of Automotive Aftermarket at ILJIN USA, a producer of wheel bearings and other automotive components. Prior to that position, Kugler was the North American National Accounts Manager for Saint-Gobain (Norton) Abrasives in the collision repair […]

Filed Under: News Tagged With: BASF, Norton Abrasives, People, Saint-Gobain

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