Towing and collision repair firms alleged part of organized crime operation that maintained “Violent Monopoly” in Manhattan, Bronx, Queens, Brooklyn, and Long Island. Alleges hundreds of thousands of dollars of insurance fraud. Manhattan District Attorney Cyrus R. Vance, Jr., New York City Police Commissioner James P. O’Neill, and New York City Department of Investigation (DOI) Commissioner […]
Copart Reports 31.3% Increase in Second Quarter Revenue
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal second quarter ended January 31. For the three months ended January 31, revenue, gross margin, and net income were $459.1 million, $191.6 million, and $103.3 million, respectively. These represent an increase in revenue of $109.6 million, or 31.3 percent; an increase in gross margin of $44.8 […]
I-CAR Training Featured at Northeast Trade Show
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that the Inter-Industry Conference on Auto Collision Repair (I-CAR) will be hosting three events over the course of the weekend at NORTHEAST 2018 trade show. On Saturday, March 17, from 8 a.m – 12 p.m., Michael Bonsanto and Peter Fryzel of I-CAR will be […]
Ford Selects OEConnection for Mechanical Parts Marketing Program
Ford Motor Company has selected OEConnection LLC (OEC) for a comprehensive mechanical parts ordering and fulfillment program through the OEC RepairLink solution. With the Ford and Motorcraft Stars (FAMS) Pricing Program, Ford Certified Parts Wholesale Dealers are able to offer competitive pricing to their mechanical repair shop customers on program parts utilizing the RepairLink platform. […]
mikeroweWORKS Foundation to Provide Travel Scholarships to SkillsUSA Championships
The mikeroweWORKS Foundation has contributed $50,000 to a SkillsUSA scholarship fund for students competing in the world’s largest showcase of career and technical education at the 2018 National Leadership and Skills Conference being held June 26-29 in Louisville, Ky. This is the eighth consecutive year that the mikeroweWORKS Foundation has offered travel scholarships to SkillsUSA […]
Liberty Mutual Acquires Mapfre’s Personal Lines Business in Indiana, Kentucky, and Tennessee
MAPFRE Insurance, that announced in December it will cease operating in five states to focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a unit of Liberty Mutual. MAPFRE has agreed to provide Safeco the opportunity to underwrite its personal lines policies […]
PPG Foundation Invests More Than $63,000 on Behalf of Automotive Refinish Business
Funding supports programs in communities where PPG operates PPG (NYSE:PPG) announced that the PPG Foundation invested more than $63,000 in eight organizations in 2017 on behalf of PPG’s automotive refinish business, which operates an administrative office in Pittsburgh and two manufacturing facilities in Ohio. The grant recipients and funding purposes were: American Association of University […]
The Collision Centers Acquires Sixth Collision Repair Center on Long Island
The Collision Centers of New York announced it has acquired Silver Star Collision in Port Jefferson, N.Y. The new collision repair center is located at 14 Industrial Road. With the acquisition The Collision Centers has six locations in Suffolk County on Long Island. Operations will be transitioned to The Collision Centers effective immediately. “We are […]
Quickbooks Training Available for Collision Repair Facilities
AEII-QuickBooksRus announced the debut of The Owner’s Handbook & The Bookkeepers Perspective, a two-day training course specifically tailored for the collision industry taught by Certified Quick Books Advisor and former collision repair shop owner Tony Passwater from AEII. Participants will have the opportunity to work in a “live” setting with their own individual computers equipped […]
LKQ Reports Revenue Up 13.4 percent in 2017
Organic revenue growth for year was 4.1 percent LKQ Corporation (NASDAQ:LKQ) today announced financial results for its fourth quarter and full year ended December 31. For the fourth quarter of 2017, revenue was $2.47 billion compared with $2.15 billion for the fourth quarter of 2016, an increase of 14.9 percent. For the fourth quarter, parts […]
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