Organic parts and service revenue growth was up 4.8 percent. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2016. Net income for the fourth quarter of 2016 was $86.3 million, a decrease of 9.2 percent compared to $95.1 million 2015. Net income for full year 2016 was […]
LORD Donates Products and Equipment to Schools through Collision Repair Education Foundation
LORD Corporation, maker of LORD Fusor Automotive Repair Adhesives, has donated products and equipment to 13 schools in support of the Collision Repair Education Foundation’s (CREF) Gift-in-Kind program. The Gift-in-Kind program accepts donations from industry partners to benefit collision schools, students and instructors. Donations of tools, equipment, technology, and materials are distributed to qualified collision […]
ASA Opposes Arkansas Collision Repair Part Disclosure Bill
The Automotive Service Association (ASA) is encouraging collision repair industry members to oppose Arkansas Senate Bill 291 (SB 291) (SB 291), that seeks to repeal the requirement that original equipment collision repair parts be used when a vehicle is under warranty. ASA encourages all interested parties to visit the Alert Section its legislative website to […]
Copart Reports 16.6% Revenue Increase in Fiscal 2017 Second Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended January 31, 2017. For the three months ended January 31, 2017, revenue, gross margin, and net income were $349.5 million, $146.8 million, and $66.1 million, respectively. These represent an increase in revenue of $49.8 million, or 16.6 percent; an increase in gross margin of $22.2 […]
New York Attorney General Fines Used Car Dealer/Auto Repair Shop and Employee for Burying Hazardous Waste
New York Attorney General Eric T. Schneiderman and Department of Environmental Conservation Commissioner Basil Seggos announced the conviction of Mahoney’s Auto Mall, Inc. and its employee, Andrew Fuller, for violations of the Environmental Conservation Law related to burying more than 140 gallons of hazardous substances on Mahoney’s property. Mahoney’s, a used car dealership and auto […]
Collision Repair Schools Receive $7 Million in Software Subscriptions from Information Providers in 2016
Audatex, CCC and Mitchell support pre-employment education through Collision Repair Education Foundation The Collision Repair Education Foundation announced that industry information providers, Audatex, CCC and Mitchell, have provided more than $7 million in software to schools across the United States in 2016. Audatex, a Solera Company, donated over $2.3 million in software subscriptions to collision […]
Bodyshop Revolution Announces Distributors in Canada
Bodyshop Revolution North America Inc., the collision repair facility supplier Greentech gas catalytic drying technology, announced it has established local distribution within the whole of Canada. The TED Group and AutoQuip are the latest distributors to adopt distribution rights for the technology and processes to provide local sales and service support to their customers from […]
IHS Markit Predicts Global Auto Sales Set to Reach 93.5 Million in 2017
While global sales are projected to increase, North America is projected to have a slight decline. Report cautions of risk of downtown in mature markets. According to the most recent forecast from IHS Markit (NASDAQ:INFO), total 2017 global light vehicle sales will reach 93.5 million units, a growth rate of 1.5 percent over 2016. However, […]
Spanesi Americas Adds Specialized Products Supply as Distributor in Colorado
Spanesi Americas announced the addition of Specialized Products Supply as its new distribution and customer support partner in Colorado. “Specialized Products Supply is a great addition to the Spanesi Americas team,” stated Tim Morgan, Managing Director of Spanesi Americas. “As we have continued to grow market share, Alan Squier and his group are already an […]
Post-election Small Business Optimism Sustained in January
National Federation of Independent Business monthly survey shows another gain in small business optimism Small business optimism rose again in January to its highest level since December 2004, suggesting that the post-election surge has staying power, according to the monthly National Federation of Independent Business (NFIB) Index of Small Business Optimism. “The stunning climb in […]
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