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 […]
IAA Announces New COO, Staff Appointments
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced that Tim O’Day has been named the company’s chief operating officer, reporting to IAA CEO and President, John Kett. (Editor’s Note: Mr. O’Day is not the Tim O’Day who serves as president of the Boyd Group collision repair facility chain.) “Tim […]
AAA Research Shows Young Millennials Worst Behaved Drivers
New study shows that 88 percent of young millennials engage in risky behavior behind the wheel. A report from the AAA Foundation for Traffic Safety yesterday found that 88 percent of young millennials engaged in at least one risky behavior behind the wheel in the past 30 days, earning the top spot of worst behaved […]
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