Team PRP, the nation’s largest group of independent automotive recyclers announced an expanded partnership with Gold Standard Certified Parts. Last year, the two groups announced a partnership on recycled suspension part certification. “Team PRP is very pleased to be in this strategic partnership with Gold Standard,” stated Mark Gamble, Team PRP’s Executive Director. “We hold […]
PSA Aftermarket Acquires Amanhã Global to Enter Used Parts Market
PSA Aftermarket, part of Peugeot S.A. (Group PSA), announced it has acquired a majority stake in Amanhã Global, the Porto, Portugal-based company and its e-commerce platform B-Parts.com for used parts. The acquisition aims to complete PSA Aftermarket’s conquest strategy in the circular economy, promoting recycled parts, providing repair parts needed to fix broken components, and […]
Automotive Recyclers Association Criticizes Subaru’s Position Against Recycled and Aftermarket Parts
The Automotive Recyclers Association (ARA) announced “extreme concern” with Subaru of America, Inc. position statements regarding parts choice. Subaru is defending the position statement. In Subaru’s position statement on Use of Aftermarket Substitute Parts on Subaru Vehicles, ARA contends that Subaru’s recommendation on the use of Subaru Genuine Parts in a Subaru Certified Collision Center […]
LKQ Corporation Announces ADAS Calibration Promise for Collision Repair Parts
Company states warranted parts suitable for vehicles equipped with advanced driver assistance systems. LKQ Corporation announced it is introducing its Promise of Calibration that warrants collision repair parts it sells are suitable for advanced driver assistance systems (ADAS) and will support proper calibration. The Promise of Calibration states: “LKQ Corporation warrants that all recycled OEM, […]
Team PRP and Gold Standard Suspension Parts Partner on Recycled Suspension Certification
Team PRP, the group of independent automotive recyclers, announced a strategic partnership with Gold Standard Suspension Parts, a certification lab headquartered in Naples, Fla. Gold Standard Suspension Parts has developed a certification process for recycled OEM suspension parts, creating a cost-effective solution for the automotive industry, thereby providing certified quality recycled OEM parts for the […]
Boyd Group Currently Sees No Meaningful Impact on Parts Supply from GM Strike
Warns prolonged strike could disrupt parts supply. The Boyd Group Income Fund (TSE: BYD.UN) yesterday commented on the potential impact of a prolonged General Motors (GM) labor strike on parts supplies.. “To date, the Strike has had no meaningful impact on our ability to source GM collision parts required to complete collision repairs on GM […]
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 […]
Fenix Parts Completes Acquisition of Cox Truck and Van
Fenix Parts, Inc. announced today the closing of the previously announced transaction to acquire Cox Truck and Van, Inc. (CTV). This is the first acquisition completed to the Fenix Parts platform since the company was acquired by affiliates of Stellex Capital Management LP in April 2018. CTV, founded in 1977, operates a full service auto […]
Fenix Parts to Acquire Cox Truck and Van
Fenix Parts, Inc. today announced the execution of a definitive agreement whereby Fenix Parts will acquire the assets of Cox Truck and Van, Inc. (CTV). The parties expect the acquisition to be completed in July. CTV, founded in 1977, operates a full service auto recycling facility in Gainesville, GA and both full service and self […]
Maryland Used Auto Parts and Scrap Dealers Convicted of Tax Fraud
A married couple in Clinton, Md. were convicted by a federal jury on June 7 of one count of conspiracy to defraud the Internal Revenue Service (IRS) and four counts of filing false income tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Robert […]