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 […]
Texas House Insurance Committee Holds Hearing on Bill That Would Define Collision Repair Labor Rates, OEM Procedure Requirements
Hearing includes an emotional appeal in support of the legislation by Marcia Seebachan, the vehicle owner at the center of the $42 million negligence judgment against a Texas collision repair shop for unsafe collision repairs. At a hearing before the Texas House Insurance Committee on Tuesday, legislators heard from supporters and opponents of Texas House […]
CIECA’s August 28th Webcast Details Improving the Recycled Part Procurement Process
CIECA will hold its next CIECAst webinar on Tuesday, August 28, 2018 at noon EDT. Jim McKinney, owner of EZ Management Solutions, will talk about how to improve the recycled part procurement process. During the presentation, McKinney will discuss the expansions of recycler groups to provide quality parts in a timely fashion. He will also […]
AASP/MA Urges Collision Repair Industry to File Complaints on Damaged Recycled Parts
The Alliance of Automotive Service Providers of Massachusetts (AASP/MA) is urging members of the Massachusetts collision repair industry to file complaints with the state’s Auto Damage Appraiser Licensing Board (ADALB) when they receive original insurance estimates that include damaged recycled parts. During the June 20 ADALB meeting at the Division of Insurance in Boston, AASP/MA […]