Refinish net sales $546 million, up 5% year-over-year. Axalta Coating Systems Ltd. (NYSE: AXTA) announced its second quarter 2024 net sales increased 4.4% year-over-year to a quarterly record of $1.35 billion with positive contributions from all four end markets. Net income increased by $52 million year-over-year to $113 million. Adjusted net income improved by $50 […]
PPG Reports Sales of $4.8 Billion in Second Quarter
Overall organic sales flat compared to last year, refinish down mid-single digits on comparison to record quarter in 2023. PPG (NYSE:PPG) reported net sales of $4.794 billion for the second quarter of 2024, down 2% from $4.872 billion in the second quarter last year. Net income was $528 million, up 8% from 490 million in […]
Roberlo Introduces UNIQCROM Premium Solvent-Based Basecoat System
The European car refinish coatings company Roberlo announced the introduction of UNIQCROM, its latest premium quality solvent basecoat paint systems. UNIQCROM has been launched in North America, with plans to expand over the coming months into other international markets in South America and Southeast Asia. The solvent-borne basecoat system is composed of 40 solid bases, […]
BMW Group Names Axalta Exclusive Supplier of Private Paint Label ColorSystem in EMEA
Axalta Coating Systems (NYSE: AXTA) has been named exclusive supplier for BMW Group’s private paint label, ColorSystem, in currently 15 European countries plus South Africa. The agreement includes BMW Group’s network of 730 dealerships and collision repair partners. The agreement runs through December 2028 and adds to existing supplier agreements with BMW Group. “The BMW […]
MOTOR Announces Update to Refinish Time Guidance for Blending Adjacent Panels
MOTOR Information Systems (MOTOR), a Hearst company, announced today it will make a change to the Estimated Worktime Development Methodology for color blend of adjacent panels within the MOTOR Guide to Estimating (GTE). The change is designed to account for variations in modern vehicle paint refinishing and will be made in October 2023 as part […]
AkzoNobel Launches New Generation Fillers
Collision repair shops can now take advantage of a new generation of fillers from AkzoNobel’s Sikkens and Lesonal vehicle refinishes brands, which help to significantly improve productivity while lowering energy costs. Sikkens Autosurfacer Optima and Lesonal 2K Ultimate Filler are fast-drying filler systems have been developed to help save time and money, without compromising on […]
Winners of the WorldSkills Car Painting Competition 2022 Special Edition in Denmark Announced
Winners of the WorldSkills Competition 2022 Special Edition for Car Painting raised the bar in skill and sustainable practices. The event was held October 18-22 at College 360, the largest general and vocational educational institution in Silkeborg, Denmark. Thirteen of the world’s best painters competed during four intensive days, with each completing specific tasks. “We […]
SCRS Study Concludes Time to Blend Into an Adjacent Panel is Over 30% Higher than Full Panel Refinish Time
Research conflicts with 50% blend reduction implemented in estimating platforms. The Society of Collision Repair Specialists (SCRS) published the results of it’s blend study research project conducted in August with the major North American refinish companies. According to the conclusions of this study, blending, on average, took 31.59% more time than a full refinish, rather […]
SCRS to Study Blend Refinish Times
On August 22nd, the Society of Collision Repair Specialists (SCRS) will begin a week-long research project in coordination with the major North American refinish companies to study the delta between the time necessary to perform a full refinish on a panel, and the time necessary to blend the panel. Blending is defined as the application […]
Rhode Island Legislators Plan Vote to Overturn Governor’s Vetoes of Collision Repair Bills
The legislation that was vetoed in July revises Rhode Island’s unfair claims practices regulations related to sublet markup and refinish materials calculations among other items. The Rhode Island House and the Senate announced last week it will return to session on Tuesday, January 4 at the State House to finish up several matters from the […]