Industry News

Genpact Expands U.S. Claims Management Capability with Acquisition of OnSource

Industry News - Tue, 08/08/2017 - 8:56am

Genpact (NYSE:G) announced that it has acquired OnSource, provider of a leading Inspection-as-a-Service (IaaS) product for property and casualty (P&C) insurance carriers and their customers. This transaction builds upon Genpact’s recent acquisition of BrightClaim and National Vendor that has expanded the company’s U.S. claims management capabilities. Terms of the deal are not disclosed.

OnSource uses advanced technologies – such as real-time browser-based communication, self-service applications, and drones – to put consumers in control of their insurance claims and fundamentally transform the process for insurance carriers.

The OnSource IaaS product will leverage Genpact Cora, Genpact’s artificial intelligence-based digital platform. The integration

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Fix Auto USA Launches Workshop Series September 23-25

Industry News - Tue, 08/08/2017 - 8:50am

Fix Auto USA that based upon input from its franchise partners it will deviate from its traditional Fix Auto USA annual conference and launch its Workshop Series. The inaugural event will be hosted in Los Angeles, Calif. from September 23-25th.

The invitation-only event focuses entirely on providing franchise partners and their senior staff with real-world operational techniques that can be easily implemented, monitored, and leveraged. Sessions in the inaugural event will cover flawless execution, building and maintaining high-performance teams, continuous improvement, and other operational takeaways. Presenters from within and outside the collision repair industry will be leading the workshop

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Saint-Gobain Acquires TekBond in Brazil

Industry News - Mon, 08/07/2017 - 11:14am

Saint-Gobain announced it has signed an agreement to acquire TekBond, the number two adhesives business in Brazil operating in the construction sector and on the automotive aftermarket.

TekBond supplies a broad range of adhesives, sealants, sprays and masking tapes all over Brazil. Its offer is based on a detailed knowledge of the market and customers to adjust its product formulations to local specifications.

TekBond will join the High-Performance Materials Activity of Saint-Gobain.

The deal is subject to the approval of the Brazilian antitrust authorities.

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Uni-Select Completes Acquisition of The Parts Alliance in the United Kingdom

Industry News - Mon, 08/07/2017 - 11:04am

Uni-Select Inc. (TSE:UNS), the parts distributor and parent of FinishMaster, announced that it has completed the previously announced acquisition of The Parts Alliance, the second largest nationwide independent distributor of automotive aftermarket parts in the United Kingdom.

As previously announced, the transaction in the amount of £205.0 million ($264.1 million) was fully funded with debt from available credit facilities.

 “We could not be more pleased to be adding The Parts Alliance to the Uni-Select family. This is an exciting new growth pillar for Uni-Select in the large and fragmented UK marketplace. The Parts Alliance is the UK’s second largest automotive

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CARSTAR Canada Adds Satellite Appraisal Location at Ford Dealer in Cambridge, Ontario

Industry News - Mon, 08/07/2017 - 10:56am

CARSTAR announced that CARSTAR Cambridge Appraisal has officially launched, located at 272 Hespeler Road, Cambridge, Ontario, Canada. The store will be a satellite location in the Ridgehill Ford dealership, with all service going to CARSTAR Cambridge. CARSTAR Cambridge Appraisal and CARSTAR Cambridge are owned by the LC Group, which is comprised of Ian Ladd, Peter Chavez, Osmar Nunez and Allen Mattice.

“We know how quickly Cambridge is growing, and the need for additional presence in the city was crucial to better service our customers,” says Allen Mattice. “The success we’ve had at our CARSTAR Cambridge location is a direct result

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Northeast Tradeshow Expanding in 2018

Industry News - Mon, 08/07/2017 - 10:52am
AASP/NJ’s event will nearly double with addition of new pavilion

The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced the expansion of the NORTHEAST 2018 Automotive Services Show. The industry’s largest regional trade show will almost double in size with the addition of the NORTHEAST Pavilion.

The show will be held March 16-18, 2018 at the Meadowlands Exposition Center in Secaucus, N.J.

“We have been discussing an expansion for the last few years,” AASP/NJ President Jeff McDowell says. “And after another sold out show this year, we really had no choice. It’s always about supply and demand and

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Toyota and Mazda Enter Business and Capital Alliance

Industry News - Fri, 08/04/2017 - 11:45am
Formed joint venture to produce vehicles in the United States. Will jointly develop electric vehicles and advanced safety technology with ultimate goal of creating a mobile society devoid of accidents.

Toyota Motor Corporation (Toyota) and Mazda Motor Corporation (Mazda) signed an agreement today to enter a business and capital alliance, with the aim of further strengthening their partnership.

Specifically, the companies agreed to:

  • establish a joint venture that produces vehicles in the United States,
  • jointly develop technologies for electric vehicles,
  • jointly develop connected-car technology,
  • collaborate on advanced safety technologies, and
  • expand complementary products.

In addition, together with the aim of

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Fix Auto Adds Collision Repair Center to Network in Australia

Industry News - Fri, 08/04/2017 - 11:29am

Terry Feehan, Head of Business for Fix Auto Australia announced the addition of Fix Auto Welshpool, owned and operated by Mark Zeyad Damer to its network, effective July 27.

In 2003, after ten years of learning and refining his craft, and inspired by his father, Mark opened his own collision repair center, Swan Smash Repairs. Over time, the business grew and prospered, and in 2007, the shop was moved to a larger location, to which an adjacent unit was added in 2011 to create capacity for increased business.

Feehan concluded, “As Fix Auto grows in Australia, we are looking for

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Autologic Diagnostics Acquires Farsight

Industry News - Thu, 08/03/2017 - 3:49pm

Autologic Diagnostics Inc., an Opus Group AB (STO:OPUS) subsidiary, has acquired MVDS, LLC d/b/a Farsight.  The purchase is valued at $1.2 million. Closing is anticipated for early August 2017.  After the acquisition, Farsight will be integrated with Autologic and its 20 employees will relocate to the nearby Autologic offices in Commack, New York within 90 days after closing.

Opus acquired Autologic in June.

Farsight provides remote diagnostics and vehicle communication technical services for the automotive aftermarket, primarily in the U.S. Farsight, founded in 2016, is on track to have revenues of approximately $2 million and positive operating cash flow in

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CARSTAR Adds Collision Repair Center to Network in Washington State

Industry News - Thu, 08/03/2017 - 3:34pm
Second CARSTAR franchise for owner Matt Earsley brings total to 25 CARSTAR locations in Washington,

CARSTAR Auto Body Repair Experts announced the opening of CARSTAR Premier Collision Yelm at 103 1st Street N., Yelm, Washington.  The CARSTAR location is owned by Matt Earsley.

The Yelm location is the 25th CARSTAR facility in the state of Washington.

 “We are excited to expand in Washington with great owners like Matt Earsley,” said Michael Macaluso, president, CARSTAR North America.  “His commitment to delivering the highest quality repairs and excellent customer service are hallmarks of the CARSTAR way of doing business.”

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ASE Introduces Updated Testing Platform

Industry News - Thu, 08/03/2017 - 3:20pm

The National Institute for Automotive Service Excellence (ASE) announced changes that will offer an enhanced experience for professionals when taking tests to earn ASE certification. These changes to the computer test format were effective at Prometric test sites on August 1.

Test questions will look the same as before, but new features have been added. For example, a new list of test question numbers appears on the left side of the screen. These change color when a question is answered, allowing test takers to quickly see unanswered questions and go to them with one click.

Other new features include:

  • Text
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Allstate Reports Improved Earnings in Second Quarter

Industry News - Thu, 08/03/2017 - 11:55am
Allstate brand auto insurance net written premiums up 3.3 percent. Average auto premiums up 5.4 percent. Claims technology improving efficiency.

The Allstate Corporation (NYSE: ALL) reported its consolidated revenue for the second quarter of 2017 increased 4.6 percent to $9.587 billion compared to $9.164 billion in the same quarter of 2016. For the six month period ending June 30, consolidated revenue was $19.021 billion in 2017, up 5.5 percent from $18.035 billion in 2016.

“Allstate delivered strong financial performance in the second quarter as a result of excellent progress on our five 2017 Operating Priorities,” said Tom Wilson, chairman and

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Safelite Group Acquires Perfection Auto Glass of Muncie

Industry News - Thu, 08/03/2017 - 11:12am

The Safelite Group announced it acquired the vehicle glass repair and replacement assets from Perfection Auto Glass of Muncie, which provides service in central Indiana. The transaction was completed at the close of business July 21.

Perfection Auto Glass is a family-owned operation that has been in business since 2002. The company was started and led by Jesse Cole.

“We are very eager to welcome the Perfection Auto Glass team into the Safelite AutoGlass family,” said Tom Feeney, president and CEO of Safelite Group. “Together, we can offer the best vehicle glass repair and replacement service to central Indiana customers

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Axalta Reports Sales Up 2.3 percent in Second Quarter

Industry News - Thu, 08/03/2017 - 11:04am
Refinish sales, however, were down on lower volume in South America and EMEA. Also pricing pressure from selling channel consolidation impacts refinish in North America.

Axalta Coating Systems reported second quarter net sales of $1.1 billion, up 2.3 percent as-reported. On a constant currency basis, net sales increased 3.8 percent in the period, driven by 6.5 percent in acquisition contribution, partly offset by 0.3 percent lower volumes and 2.4 percent lower average selling prices. Slightly lower organic net sales were driven by impacts in Latin America, North America, and EMEA, while Asia Pacific continued to show growth.

Axalta reported a

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Kia Selects OEConnection for Collision Repair Parts Ordering

Industry News - Thu, 08/03/2017 - 10:42am

OEConnection LLC (OEC) announced that Kia Motors America has added CollisionLink to its collision parts marketing program. The CollisionLink parts ordering and fulfillment solution will allow Kia’s dealer network to access competitive pricing on eligible OE parts and expand their market penetration in the U.S.

Kia is the 23rd automotive dealer network in North America to use CollisionLink to facilitate their parts marketing program. With the addition of Kia, virtually 100 percent of all consumer vehicles on the road in the U.S. are now supported by CollisionLink.

 “We are excited to bring Kia on board and to assist with their

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PPG Walks the Track with Speedway Children’s Charities

Industry News - Wed, 08/02/2017 - 12:10pm

PPG displayed its continued support for Speedway Children’s Charities’ (SCC) fundraising efforts by teaming up with the national organization’s New Hampshire chapter for its annual Track Walk on Saturday, July 15, at New Hampshire Motor Speedway in Loudon. SCC provides funding for hundreds of nonprofit organizations that meet the direct educational, medical, social and financial needs of children.

The New Hampshire chapter of SCC honored PPG as Sponsor of the Year for 2016.

The walk was part of a NASCAR weekend of auto racing that included the XFINITY Series Overton’s 200 Saturday afternoon and the Monster Energy NASCAR Cup

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AutoNation Continues Collision Repair Expansion

Industry News - Wed, 08/02/2017 - 11:06am
Adds three collision repair centers since beginning of 2017.

AutoNation, Inc. (NYSE:AN), continues to move forward with its brand extension strategy. As part of its quarterly earnings released today, the company announced that since January 1, it has opened two auto auctions in Orlando, Fla., and Houston, Texas, and acquired three collision repair centers in Ft. Lauderdale, Fla., Bellevue, Wash., and Lewisville, Texas. The company currently owns and operates 72 AutoNation Collision Centers in the U.S. AutoNation Precision Parts and AutoNation Auto Gear remain on track, with multiple parts categories expected to be available at our AutoNation USA stores, collision

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Fix Auto Canada Announces Two Staff Appointments

Industry News - Wed, 08/02/2017 - 10:52am
John Rodrigues Named National Corporate Sales Manager, Rhonda Bricknell joins Fix Auto as Senior Business Development Manager. 

Fix Auto announced two staff appointments in Canada. Tony DeSantis, Vice President of Sales for Fix Automotive Network, announced the appointment of John Rodrigues to the new position of National Corporate Sales Manager.

John Rodrigues has been named to the new position of National Corporate Sales Manager at Fix Auto in Canada.

Rodrigues joins Fix Automotive Network with over 20 years’ experience in sales positions within a number of industries.  For eight of those years, he was responsible for developing insurance agent, broker

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Hughie’s Collision Centre Joins CSN Collision Repair Network in Nova Scotia

Industry News - Wed, 08/02/2017 - 10:41am

CSN Collision Centres announced the addition of CSN Hughie’s, a 5,000 sq. ft. facility, to its collision repair network in Port Hastings, Nova Scotia, Canada. Hughie Samson was a dealership manager for many years before he realized it was time to start his own business. In 1989, Samson made his childhood dream a reality and opened the doors to Hughie’s Collision Centre.

“I was genuine in my intentions to help people with their vehicle repairs. I wasn’t sure if the business was going to be successful or not, but I took the risk. At the time, my only employee and

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Car Guys Collision Repair Acquires its 12th location in Florida

Industry News - Wed, 08/02/2017 - 10:33am

Car Guys Collision Repair, a Florida-based MSO, announced the acquisition of South Marion Auto Body in Belleview, Fla.

DJ Mitchell, vice president of Car Guys, said, “The former owner, Mitch Miracle, has owned the location since 1997, and has done an excellent job serving the local community, his DRP and dealership partners. We are eager to pick up where Mitch left off and continue to provide excellent customer service to the fast growing community.”

The Belleview location is Car Guys Collision Repair’s 12th location in the state and the fifth added this year.

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