Understanding the challenges the auto repair industry is facing with COVID-19, the Automotive Service Association (ASA) is holding a free one-hour, online Virtual Industry Professional Forum at Noon (EDT) on Wednesday, May 6. Registration for the event is available online. According to Ray Fisher, ASA President and Executive Director, the discussion will include: A review […]
PPG Reports Lower First Quarter Sales as Pandemic Impacts Results
PPG (NYSE:PPG) reported first quarter 2020 net sales of about $3.4 billion, down approximately 7% versus the prior year. Selling prices increased more than 1%. Sales volumes were down 8% versus the prior year, in aggregate, including an estimated impact of the COVID-19 pandemic of $225 million, or about 6%. Unfavorable foreign currency translation impacted […]
NJM Insurance Commits $400,000 to COVID-19 Relief Efforts
NJM Insurance Group, the property and casualty insurer in the Mid-Atlantic region, has committed over $400,000 to COVID-19 relief efforts to assist families, businesses, and communities impacted by the pandemic. The funding will go toward non-profits serving essential needs, health care providers, emergency responders and coordinated statewide efforts in New Jersey and Pennsylvania. “Community support […]
Paycheck Protection Program Re-Opened Yesterday
The Small Business Administration (SBA) yesterday began accepting new loan applications under its Paycheck Protection Program (PPP) after additional funding was approved by the U.S. Congress last week. In a joint statement, U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza, said, ““The PPP has supported more than 1.66 million small businesses and […]
CARSTAR Colorado Collision Repair Centers Offer Free Vehicle Sanitation for Health Care Workers
CARSTAR collision repair centers throughout Colorado are offering free services to help keep healthcare workers and first responders on the road, safe from germs and viruses in their vehicles. “We owe a debt of gratitude to those who are putting their lives on the line to help face the coronavirus challenge,” said Steve Rigsby, director […]
House Approves Additional $320 Billion for Small Business Paycheck Protection Program
The U.S. House of Representatives yesterday approved additional funding for the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) portion of the CARES Act that provides low interest loans for small businesses that can be forgiven if the business uses 75% of the funds for payroll. The House vote follows the passage in the […]
SEMA Says Two-Thirds of Specialty Aftermarket Continues to Operate
Associations still planning at this time to hold November SEMA Show in Las Vegas. According to the Specialty Equipment Market Association (SEMA) the majority of businesses in the specialty automotive industry continues to operate during the coronavirus pandemic. Even with “shelter in place” rules in effect in many states, more than two-thirds of industry businesses […]
Mack Trucks Parts Availability Remains Strong During Coronavirus Crisis
As the trucking industry rises to meet the critical needs of society during the unprecedented COVID-19 situation, Mack Trucks said it continues to support its customers and dealers with strong parts availability. “Mack customers and dealers can rest assured that we continue to have the critical parts available that keep trucks on the road rolling,” […]
Absent Traffic Jams, Many Drivers Getting More Reckless
Emptier streets may be encouraging some drivers to flaunt traffic safety laws, including speed limits. Despite there being far fewer vehicles on the road due to COVID-19 stay-at-home orders, state highway safety officials across the country are seeing a severe spike in speeding. Many states have reported alarming speed increases, with some noting a significant […]
CIF Receives Hundreds of Applications from Collision Repair Professionals for COVID-19 Assistance
The Collision Industry Foundation (CIF) announced it received over 300 individual applications for assistance from the COVID-19 fund set up to support collision repair professionals impacted by the pandemic and the requests continue to come in. More information on how to apply for assistance or donate to the Foundation is available on its website. The […]
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