The new Hire Our Heroes Calendar fundraiser, coordinated through 3M Automotive Aftermarket Division (AAD) and the Collision Repair Education Foundation, raised over $100,000 in January to support scholarships and tool grants to military veterans and their family members who are studying collision repair. Repair facilities that donate $200 to the Foundation’s 3M Hire Our Heroes […]
Property/Casualty Insurers More Profitable in First Nine-Months of 2015
Net written premiums and investment income both up. Profitability measure grows 1.2 percentage points. Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing […]
Service King Acquires Two-Location Collision Repair Business in Virginia
Service King Collision Repair Centers announced continued expansion in the Washington D.C. market with the acquisition of Southern Auto Body and its two collision repair centers in Fredericksburg, Va. Earlier this week, Service King announced the acquisition of Precision Collision, also in the D.C. market. Service King and Southern Auto Body finalized the merger Feb. […]
Fix Auto USA Hits 100th Franchise Location
Fix Auto USA announced it achieved the milestone of its 100th franchise location for the independent, owner-operated collision repair brand. Fix Auto launched its franchise model in 2011 in response to a collision repair landscape increasingly dominated by regional and national consolidators, and insurance carriers looking for a turnkey vehicle claims processing solution. “Reaching this […]
Axalta Releases Fourth Quarter and Full Year 2015 Financial Results
Axalta Coating Systems Ltd. (AXTA) reported fourth quarter net sales of $1.0 billion, a 4.5 percent year-over-year increase before the impact of unfavorable foreign currency translation of 11.5 percent. Sales decreased 7.0 percent on an as-reported basis. For the quarter ended December 31, 2015, adjusted EBITDA was $212.8 million up 4.0 percent compared to 2014 […]
Automotive Retailers Association of British Columbia Selects eMarketing Sherpas
The Automotive Retailers Association (ARA) of British Columbia, Canada and eMarketing Sherpas announced that The Demand Engine, The Review Engine and the Digital Lobby are now available to all ARA members as the preferred consumer sales, marketing and customer service solutions for the association. David Ribeiro, ARA’s Director of Industry Relations, said, “I was looking […]
Service King Acquires Collision Repair Center in District of Columbia Market
Service King Collision Repair Centers announced the acquisition of Precision Collision a single location collision repair center located at 7901 Kincannon Place in Lorton, Va. “Service King and its team aligns seamlessly with the staff vision and mission of Precision Collision,” said Precision Collision owner Robert Plate. “That’s what makes our team so enthusiastic about […]
1Collision Network Expands Into the South
The 1Collision Network announced the addition of CBS Collision, with two locations in Shreveport and Bossier, La., marking the network of independently-owned collision repair center’s entry into the Southern U.S. Elissa Larremore, CBS Collision CEO and Owner, said ” Key reasons we are excited to partner with 1Collision include their branding process, which allows CBS […]
Mitchell Publishes First Quarter 2016 Industry Trends Report
Mitchell released its Industry Trends Report (ITR) for the first quarter of 2016. In the Auto Physical Damage edition, experts discuss the inflation rate driving car repair prices. The report can be downloaded as an Adobe Acrobat file, or viewed online. Getting to the root of the common phrase that ‘Cars cost more to repair […]
NASTF Spring Meeting to Feature Technician Development
“Building the Road to GREAT Technicians” is the featured topic of the National Automotive Service Task Force (NASTF) Spring 2016 General Meeting, 1-4:30 pm (Central), Wednesday, March 2, in Overland Park, Kan. The meeting is being held in conjunction with the VISION2016 Hi-Tech Training & Expo at the Overland Park (KS) Convention Center. No registration […]
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