The former president of an automotive parts company pleaded guilty yesterday and was sentenced to serve 18 months in a U.S. prison for his role in a conspiracy to fix prices and rig bids for the sale of automotive body sealing products sold in the United States, the Justice Department announced. Keiji Kyomoto, a former […]
Small Business Optimism Drops to a New Two Year Low
Small business owners still pessimistic about the economy. The National Federation of Independent Business (NFIB) Index of Small Business Optimism declined 0.3 points in March from February to 92.6. While not statistically significant overall, the NFIB reports that four of the 10 Index components posted a gain, six posted small declines. The biggest gain was […]
Registration Open for AAPEX 2016
Online attendee registration is now open for AAPEX 2016, the global event that keeps professionals in the automotive aftermarket industry ahead of the curve. AAPEX 2016 will take place Tuesday, Nov. 1 through Thursday, Nov. 3, at the Sands Expo in Las Vegas, with AAPEXedu sessions starting on Monday, Oct. 31. AAPEX registration includes access […]
BASF Acquires Refinish Paint Manufacturer in China
BASF has signed an agreement to acquire the assets of Guangdong Yinfan Chemistry Co., Ltd. in China. With this acquisition, BASF will establish a stronger coatings production footprint by gaining access to a state-of-the-art automotive refinish coatings plant in China. It will also enable BASF to broaden its automotive refinish portfolio in Asia Pacific by […]
Insurance Auto Auctions Opens Location in New York
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (KAR), held a grand opening yesterday celebrating its newest branch in Bergen, New York near Rochester. “The new location will increase the company’s attendance in upstate New York by offering buyers and sellers the chance to obtain more inventory with greater convenience,” said […]
Fusor Launches Structural and Mechanical Bonding Course
LORD Corporation, maker of Fusor Repair Adhesives announced the launch of a new I-CAR Alliance Course focused on repair procedures for structural and mechanical bonding. Available as of April 1, Fusor 008 Structural and Mechanical Bonding was developed in response to changing industry trends and repair procedures. Key objectives of the hands-on training course include […]
Wholesale Used Vehicle Prices Up in March
According to ADESA Analytical Services, average wholesale prices for used vehicles was up in March versus February and last year. According to ADESA Analytical Services’ Current Used Vehicle Market Conditions report, signs of the traditional spring tax-season market appeared in March, as average wholesale prices rose both on a sequential and annual basis. Yet price […]
Industrial Finishes & Systems Acquires Rancho Cordova Jobber
Industrial Finishes & Systems Inc., a distributor of automotive paint, equipment and supplies, announced the acquisition of Sunrise Automotive Paint in Rancho Cordova, Calif. Rancho Cordova complements Industrial Finishes & Systems, Inc. existing locations in Napa and Woodland, strengthening the company’s footprint in the Northern California region. The location will continue as Sunrise Automotive Paint […]
Ford Drops Price 11% on 34 New Collision Repair Parts in Truckload Program
Ford Customer Service Division (FCSD) announced it has added 34 new parts to its Collision Parts Truckload Program, reducing list prices on those parts by an average of 11 percent. The additions include parts for the popular F-series, Edge, Fusion, Escape and Explorer vehicle lines. “For nearly 20 years, the Truckload Program has played an […]
Regional Golf Fundraiser Paves Way for National Auto Body Council Programs
A full field of golfers representing all facets of the collision industry, with Enterprise Rent-A-Car as Presenting Sponsor and 33 additional sponsors, joined forces in Dallas, Texas for a successful day for the National Auto Body Council (NABC), the entire collision repair industry and most importantly three deserving North Texas families in need of transportation. […]
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