According to an article in the Australia Financial Review, Australia insurer Suncorp Group is considering a sale of its automotive parts supplier business, ACM Parts. According to the article, the insurer and financial services company has hired Deloitte Corporate Finance to oversee a strategic review for the division that may led to a sale of all […]
Coalition Seeks Federal Solution to Establish Vehicle Data Access Rights
Independent repair associations join with insurers, parts suppliers, fleet operators and consumer groups to call for data access guarantees in federal legislation. In comments to U.S. House and Senate committees considering autonomous vehicle legislation, the U.S. Vehicle Data Access Coalition, a broad based and growing group of automotive repair and supplier association and businesses, last […]
Arnd Franz Named to Succeed John Quinn at LKQ Europe
LKQ Corporation (NASDAQ:LKQ) announced that John S. Quinn, Executive Vice President and CEO of LKQ Europe, has submitted his notice of retirement and Arnd Franz, currently Chief Operating Officer of LKQ Europe, has been selected to succeed John effective October 1. Arnd Franz joined LKQ in April of this year after spending most of his […]
Premiere Services Announces Agreement with LKQ on Remanufactured Infotainment Systems
Premiere Services, the insurance replacement and collision repair categories’ provider of mobile electronics and mobile wheel and tire replacement services, has reached an agreement with LKQ Corporation to be the exclusive provider of remanufactured Infotainment and mobile electronics systems supporting the LKQCE program across all 50 states and Canada. Premiere Services remanufactures salvage mobile electronics […]
LKQ Reports Revenue Growth Over 7%
Organic parts and services growth declined 2.1 percent. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2019 of $3.25 billion, an increase of 7.2 percent as compared to $3.0 billion in the second quarter of 2018. For the second quarter of 2019, parts and services organic revenue declined 2.1 percent, (1.3 percent […]
LKQ Announces Exclusive Distribution Agreement with GUNIWHEEL
LKQ Corporation announced it has reached an agreement with GUNIWHEEL LLC for the exclusive distribution of the GUNIWHEEL System for North America and Europe. The GUNIWHEEL is a universal four and five lug bolt pattern transport wheel that can be used as an alternative method to temporary jack stands or lifts. When a vehicle has […]
LKQ Reports First Quarter Sales of $3.1 Billion
Overall parts and service growth 15.2 percent, organic revenue growth just 0.1 percent. LKQ Corporation (Nasdaq:LKQ) today reported revenue for the first quarter of 2019 of $3.1 billion, an increase of 14 percent as compared to $2.7 billion in the first quarter of 2018. For the first quarter, parts and services organic revenue growth was […]
LKQ Enters Diagnostic Services Business with Elite Electronics Acquisition
LKQ Corporation (NASDAQ:LKQ) announced that it has acquired Elite Electronics, the Richardson, Texas based automotive diagnostic and repair services firm. This acquisition launches LKQ into the vehicle services market, converging LKQ’s parts and distribution business with Elite’s services to further facilitate customers’ needs. Elite Electronics provides mobile and on-site diagnostics for automotive collision and mechanical […]
Randy Wittig and Brian Driehorst Join NABC Board
The National Auto Body Council (NABC) has named two new members to its Board of Directors, filling two open positions. The new board members include: Randy Wittig, director of special projects for LKQ Corporation Brian Driehorst, vice president of business development for Original One Parts “We have accelerated our strategic initiatives through the guidance and […]
LKQ Corporation Revenue Up 22% to $11.9 Billion in 2018
Organic growth for parts and service up 4.4 percent for the year. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2018. For the fourth quarter of 2018, revenue was $3.0 billion, an increase of 22 percent from $2.5 billion for the comparable period of 2017. Parts and […]