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I-CAR Reports Gold Class Collision Repair Facilities Up 16.5% in 2016

February 27, 2017 By CollisionWeek Editor

Welding students increased by 60 percent. The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced it achieved double-digit growth percentage growth in shops and technicians trained last year. rolled out new products and services, and forged new industry partnerships, all in an effort to better serve the collision repair inter-industry. The not-for-profit organization saw its […]

Filed Under: News Tagged With: I-CAR

Celebrity Appearances Announced for Northeast Trade Show

February 24, 2017 By CollisionWeek Editor

The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced celebrity appearances courtesy of Platinum Show Sponsor BASF during the Northeast trade show being held March 17-19 in Secaucus, N.J. Attendees will have the opportunity to meet Bogi, Bogi’s Garage, All Girls Garage; KC Mathieu KC’s Paint Shop, Fast N’ Loud; and Jonathan Goolsby […]

Filed Under: News Tagged With: AASP/NJ, Northeast Trade Show

Copart Opens 15th Location in the United Kingdom

February 24, 2017 By CollisionWeek Editor

Copart, Inc. (NASDAQ:CPRT), the vehicle auction company, announced the opening of its 15th location in the United Kingdom in Newbury. “The investment in the Newbury facility has added capacity to support our current and future growth in the UK,” said Nigel Paget, Chief Executive Officer – Europe. “It is the first of our facilities to be […]

Filed Under: News Tagged With: Copart, Openings, United Kingdom

ASA Gears Up for Connected Cars May 18-20 in Detroit

February 23, 2017 By CollisionWeek Editor

CARS logo

The Automotive Service Association (ASA) will host an in-depth look at the technical aspects of Advanced Driver Assistance Systems at Connected CARS on May 18-20 at the Detroit Metro Airport Marriott Hotel in Romulus, Mich. Seats are limited for this highly specialized training event, so early registration is recommended. Registration and a detailed agenda are […]

Filed Under: News Tagged With: Advanced Driver Assistance Systems, Automotive Service Association

Collision Repair Shop Owner Pleads Guilty in Odometer Fraud Scheme

February 23, 2017 By CollisionWeek Editor

The U.S. Department of Justice yesterday reported that a Georgia man who owns a collision repair shop in Virginia pleaded guilty to operating an odometer fraud scheme involving over 100 vehicles. Paul Robinson, 37, of Lawrenceville, Ga., pleaded guilty in U.S. District Court in Norfolk, Virginia, to one count of conspiracy to commit securities fraud […]

Filed Under: News Tagged With: Georgia, Odometer Fraud, U.S. DOJ, Virginia

Service King Hosts U.S. Army, Department of Defense to Promote Mission 2 Hire

February 23, 2017 By CollisionWeek Editor

Service King Collision Repair Centers Soldiers for Life

Service King Collision Repair Centers welcomed members of the U.S. Department of Defense and the U.S. Army’s Soldier For Life Program Tuesday inside the company’s North Texas home office. The meeting included Lt. Col. Derwin Brown as well as representatives from Service King’s senior executive team and recruiting teams. Together, the group discussed opportunities and […]

Filed Under: News Tagged With: Mission 2 Hire, Service King Collision Repair Centers, Veterans

LKQ Corporation Reports Revenue Up 19.3% in Fourth Quarter

February 23, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Earnings, LKQ Corporation

LORD Donates Products and Equipment to Schools through Collision Repair Education Foundation

February 23, 2017 By CollisionWeek Editor

Lord Corporation logo

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 […]

Filed Under: News Tagged With: Career and Technical Education, Collision Repair Education Foundation, Donations, Lord Corporation

ASA Opposes Arkansas Collision Repair Part Disclosure Bill

February 23, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Arkansas, Automotive Service Association, legislation, Non-OEM Parts, OEM Parts

Copart Reports 16.6% Revenue Increase in Fiscal 2017 Second Quarter

February 22, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Copart, Earnings

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