Copart, Inc. (NASDAQ:CPRT) reported revenue for the its fiscal third quarter ended April 30, was $478.2 million an increase of $104.3 million, or 27.9 percent above the same quarter in 2017. Gross profit was $219.1 million, an increase of $46.6 million, or 27.0 percent. Net income was $127.3 million, an increase of $36.8 million, or […]
Federal Insurance Office Survives Dodd-Frank Reform
ASA acknowledges U.S. Senate Banking Committee for saving FIO. The Automotive Service Association (ASA) made the establishment of the Federal Insurance Office (FIO) its top priority during Congress’ consideration of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. Despite significant opposition, FIO did become part of the Dodd-Frank Reform law. According to […]
U.S. House Housing and Insurance Subcommittee Hearing Examines Future of Automobile Insurance in Era of Autonomous Vehicles
The U.S. House of Representative Financial Service Committee Housing and Insurance Subcommitee met yesterday to examine the development of the autonomous vehicle and its effect on the future of automobile insurance. For the first time, emerging automobile technology is intersecting with the financial industry, changing the business of property and casualty insurance. The hearing examined […]
Toyota Announces Certified Collision Shops of Year
Toyota Certified Collision Centers (TCCC) recently presented the 2017 Shop of the Year awards to three of its certified collision centers. The recipients are: Balise Collision Center – Balise Toyota of Warwick – Warwick, R.I. Bennett Collision Center – Bennett Toyota – Allentown, Pa. Precision Toyota of Tucson Collision Center – Tucson, Ariz. This is […]
Wesco Group Acquires Auto Paint Specialties
Adds three store PPG distributor in western Washington State. The Wesco Group Inc. announced it completed the acquisition of Auto Paint Specialties, a three store PPG Platinum distributor in western Washington State. Dan Gemeroy the President of APS will join the acquisition team at the Wesco Group. “The decision became easy after working with Wesco, […]
Center for Auto Safety and Consumer Watchdog Request FTC Investigation into Tesla Autopilot
The Center for Auto Safety and Consumer Watchdog today called on the Federal Trade Commission to investigate what they say are dangerously misleading and deceptive advertising and marketing practices and representations made by Tesla Motors, Inc. regarding the safety and capabilities of its Autopilot feature. At least two people are dead and one is injured […]
Valspar Announces Summer Collision Repair Refinish Training Schedule
This summer Valspar Automotive will continue to offer refinishers training eligible for I-CAR credit at its centers located in Grand Prairie (Dallas), Texas, Detroit, Mich., and Sacramento, Calif. All training curriculum covers not only hands-on application and classroom learning for water and solvent technologies, but also color theory. More information about Valspar Automotive’s training offerings […]
Beverly Rook-Twibell Receives 2018 WIN Cornerstone Award
The Women’s Industry Network (WIN) holds the contributions of its many volunteers in the highest regard. Each year, the WIN Cornerstone Award recognizes the efforts of a board member whose actions and unique contributions demonstrate their commitment to the WIN mission and vision, and set an example for others to follow. During the 12th Annual […]
Keith Daly Named President of Personal Lines at Farmers Insurance
Current Chief Claims Officer Named New President of Personal Lines Effective June 11. The Farmers Group, Inc. announced that its current Chief Claims Officer, Keith Daly, will assume the role of President, Personal Lines effective June 11. Since joining Farmers in 2009 through the acquisition of 21st Century Insurance, Daly has led the Claims unit […]
AAA Reports Trust in Autonomous Vehicles Slips
A series of high profile crashes cause increase in driver concern of new technology. Following high-profile incidents involving autonomous vehicle technologies, a new report from AAA’s multi-year tracking study indicates that consumer trust in these vehicles has quickly eroded. Today, three-quarters (73 percent) of American drivers report they would be too afraid to ride in […]
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