Mark Claypool, President of Optima Automotive, the web presence management company, announced two key internal promotions within the company. Tyler Claypool has been promoted to the Vice President of Operations position, moving up from his former Director of Client Relations position. “Tyler has developed all the skill sets we truly need in this position,” said […]
LKQ Reports First Quarter Sales of $3.1 Billion
Overall parts and service growth 15.2 percent, organic revenue growth just 0.1 percent. LKQ Corporation (Nasdaq:LKQ) today reported revenue for the first quarter of 2019 of $3.1 billion, an increase of 14 percent as compared to $2.7 billion in the first quarter of 2018. For the first quarter, parts and services organic revenue growth was […]
ASA Urges Industry to Support New Hampshire OEM Collision Repair Procedure Bill
The New Hampshire Senate Committee on Commerce received comments on House Bill 664 at a public hearing Tuesday. This legislation addresses original equipment manufacturer (OEM) repair procedures for collision repairs. ASA supports this legislation and is calling for all collision repairers to send a letter to show their support. In a letter to the Committee, […]
Tesla Plans to Launch Insurance Product Next Month
In response to a question during its quarterly earnings conference call, Tesla founder Elon Musk explained that the electric vehicle manufacturer was planning to launch an insurance product for Tesla owners. Last year, Tesla began opening its own collision repair centers. When asked if Tesla was considering creating an insurance program to simplify the ownership […]
J.D. Power Reports Direct Sales and Independent Agents Best Positioned to Support Auto Insurers’ Battle for Market Share
With just 2-3 percent of new customers entering the personal lines auto insurance market each year, insurers have only one option when it comes to growing their business: taking market share from competitors. According to the J.D. Power 2019 U.S. Insurance Shopping Study, success in driving new customer acquisition comes down to having a strong […]
Enterprise Announces New Vehicle-Subscription Service Program
Enterprise Holdings yesterday announced it will launch the U.S. car rental industry’s first vehicle-subscription service in the next month. The new program, will initially be available in three states and will include physical damage and liability coverage. “The name of the game in ground transportation today is more access, more flexibility and more convenience – […]
Axalta Reports First Quarter Sales Down on Foreign Currency Impact
Refinish sales down 2.1 percent, but were up 3.5 percent on constant currency basis. Axalta Coating Systems Ltd. (NYSE: AXTA) announced that net sales for its first quarter ending March 31 of $1,119.3 million decreased 4.5 percent year-over-year including a 4.8 percent negative foreign currency impact. Constant currency net sales increased 0.3 percent in the […]
NABC Recycled Rides Donates Two Refurbished Vehicles at United Recyclers Group Annual Conference
On Friday, April 12, two deserving Orlando residents were presented with vehicles to provide them independence and the ability to work and take care of their families – thanks to the National Auto Body Council’s Recycled Rides program; car donors GEICO and State Farm; and collision repair partners CARSTAR Autobody Resurrection of Lakeland, Fla., and […]
Ford and Rivian Announces $500 Million Investment, Partnership to Deliver All-New Battery Electric Vehicle
Rivian today announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform. “This strategic partnership marks another key milestone in our drive to accelerate the […]
Collision Repair Education Foundation Announces Top Tech Competition to Promote Mentoring
The Collision Repair Education Foundation announced a new technician competition for entry-level collision technicians and their mentors. The goal of the competition is to recognize the performance of the next generation of collision repair technicians and their mentors and to help develop more mentoring programs within the industry. The one-day event will take place September […]
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