Report recommends ways to expand consumers’ repair options, including more enforcement, and use of voluntary agreements between manufacturers and independent repairers. In a new report to Congress, the Federal Trade Commission identifies numerous types of repair restrictions across industries such as mobile phones and automobiles. Concerns raised in the report and by proponents of an […]
LKQ Reports First Quarter Revenue of $3.2 Billion, Up 5.7% from Last Year
Parts and services organic revenue increased 0.6% overall and 2.2% on a per day basis during the quarter. March was up 15.7% on per day basis. LKQ Corporation (NASDAQ:LKQ) today reported first quarter 2021 revenue was $3.2 billion, an increase of 5.7% as compared to $3.0 billion in the first quarter of 2020. For the […]
LKQ Aftermarket Parts Considerations Online Training Course Available Through I-CAR
LKQ Corporation announced the availability of a new online training course hosted within I-CAR’s virtual training library, Aftermarket Collision Replacement Parts Considerations. LKQ has been supporting the collision repair industry through the I-CAR Sustaining Partner program since 2018. The Aftermarket Collision Replacement Parts Considerations course was released March 2 and is designed to educate the […]
LKQ Acquires Nebraska-Based Mobile Diagnostics Company
LKQ Corporation announced that it is acquiring Greenlight Automotive, a Nebraska-based automotive mobile diagnostic services business. Initially, until all systems are converted, Greenlight will continue to operate under its current branding. By year end, Greenlight will officially migrate to Elitek Vehicle Services branding. Through Greenlight, Elitek continues to expand its national coverage to include the […]
LKQ Opens Central Distribution Center in the Netherlands
After a construction time of just one year, LKQ Fource has opened a new 50,000 square meter (538,000 sq. ft.) warehouse that will play an important role as a part of LKQ’s European logistics footprint. “Our principle regarding parts availability is ‘Logistics without Borders’ to seamlessly serve our customers. Digitalization gives us the opportunity to […]
LKQ Reports Fourth Quarter Revenue Down 1.9% Compared to 2019
LKQ Corporation (Nasdaq:LKQ) reported evenue for the fourth quarter of 2020 was $2.95 billion, a decrease of 1.9% as compared to $3.01 billion in the fourth quarter of 2019. For the fourth quarter of 2020, parts and services organic revenue decreased 5.2% (6.1% on a per day basis), while the net impact of acquisitions and […]
LKQ Brings Services Business Under Elitek Vehicle Services Brand
LKQ Corporation today announced that it is bringing its two mobile automotive services businesses together under a single brand, known as Elitek Vehicle Services. Since acquiring Elite Electronics and VeTech Automotive Electronics in 2019, LKQ organically grew to become the largest U.S. provider of mobile, on-site vehicle services to automotive collision repair facilities, mechanical repair […]
Collision Repair Education Foundation Announces Six New Board Members
The Collision Repair Education Foundation (CREF) announced the appointment of six new members to its Board of Trustees. The six Board of Trustees members who joined in 2020 include: Tom Brown, 3M Paul Folino, LKQ Corporation Brenda Hogen, PartsTrader Ken Hudson, Farmers Insurance Scott Kohl, Liberty Mutual Insurance Sandee Lindorfer, Allstate Insurance Company Tom Wolf, […]
LKQ Parts Donation Benefits Collision Repair School in Southwestern New York State
Students in the Collision Repair and Auto Body Technology programs at CA BOCES in Belmont, Ellicottville, and Olean, N.Y. recently benefitted from a donation from LKQ Corporation. Several times a year, the LKQ location in Cheektowaga donates outer body panels and various automotive parts that are delivered to CA BOCES centers for student hands-on learning […]
LKQ Reports Revenue Down 3.2% in Third Quarter Compared to Last Year
LKQ Corporation (Nasdaq: LKQ) today reported third quarter 2020 revenue was $3.0 billion, down 3.2% year-over-year. The company’s overall parts and services organic revenue declined 4.5% year-over-year during the quarter. The net impact of acquisition and divestitures revenue was -1.0% and foreign exchange rates was 2.1%, for a total parts and services revenue decline of […]