Industry News

CARSTAR Adds Collision Repair Center to Network in Alberta

Industry News - Fri, 06/02/2017 - 9:56am

CARSTAR announced the addition of CARSTAR Leduc, a 12,600 sq. ft. collision repair center located at 7121 Sparrow Drive, Leduc, Alberta, Canada, to its network. The facility is owned and operated by Dale and Brad Melin. 

“I know what toll the Alberta terrain and climate can take on vehicles, and my team is eager to support those in our area who are affected by it,” says Dale Melin. “The support of CARSTAR has helped set us up to better serve those in the area, and we look forward to growing this success so that we become top of mind for premiere

You need to be logged in to see this part of the content. Please Login to access.

The post CARSTAR Adds Collision Repair Center to Network in Alberta appeared first on CollisionWeek.

Boyd Group Adds Collision Repair Center in Florida

Industry News - Thu, 06/01/2017 - 3:11pm

The Boyd Group Inc. announced the May 30, opening of a second Gerber-brand collision repair location in St. Augustine, Fla. This brownfield development is located on Dobbs Road and is in close proximity to the highly traveled 207 and 312 state highways.

“This is an important addition to our already significant presence in Florida and complements our existing center on State Road 16 in St. Augustine,” said Tim O’Day, President and COO of the Boyd Group. “This increased capacity will allow us to better serve our customers and insurance partners in the area.”

On Monday, the Boyd Group announced the

You need to be logged in to see this part of the content. Please Login to access.

The post Boyd Group Adds Collision Repair Center in Florida appeared first on CollisionWeek.

CARSTAR St. Thomas Changes Ownership

Industry News - Thu, 06/01/2017 - 10:19am

CARSTAR St. Thomas, located 15 Queen St, St. Thomas Ontario, Canada, is under new ownership. The collision center has recently been sold to Mike and Liz DeRuiter, owners of CARSTAR Strathroy.

After 17 years of ownership of CARSTAR St. Thomas, George and Donna Fischtner are retiring.. Kyle Holmes, who has been with the company for over 10 years, will assist with the transition as the new acting manager of the facility.

 “I’m so grateful for the opportunity to work for the St. Thomas community, and continue to bring the quality and service that has become expected at CARSTAR St. Thomas,”

You need to be logged in to see this part of the content. Please Login to access.

The post CARSTAR St. Thomas Changes Ownership appeared first on CollisionWeek.

Database Enhancement Gateway Names Danny Gredinberg New Administrator

Industry News - Thu, 06/01/2017 - 10:11am

The Database Enhancement Gateway (DEG) announced that Danny Gredinberg is the new administrator of the free online resource developed to address inquiries to information providers about collision repair estimating data. With nearly sixteen years of collision repair experience as a certified technician, estimator and senior technical repair advisor, Gredinberg brings a wealth of experience and insight to the position, providing a fresh perspective for the DEG.

Danny Gredinberg has been named the new administrator of the Database Enhancement Gateway.

“It’s an exciting time to be in the collision repair industry,” shared Gredinberg.  “The advancement of vehicle technology is evolving and

You need to be logged in to see this part of the content. Please Login to access.

The post Database Enhancement Gateway Names Danny Gredinberg New Administrator appeared first on CollisionWeek.

Julie Massaro Named Executive Director of ASA-Colorado

Industry News - Thu, 06/01/2017 - 10:04am

The Automotive Service Association (ASA) has announced that Julie Massaro recently assumed the position of executive director of ASA-Colorado. She brings extensive experience to her new ASA duties in both for-profit companies and nonprofit organizations.

Julie Massaro has been named executive director of ASA-Colorado.

Massaro’s background includes service as executive director of the Performing Arts Medicine Association (PAMA) and the National Utility Contractors Association of Colorado (NUCA), both located in Denver, from 2009 to the present. And from 2008-2009, she served as the managing director of Component Relations for Denver’s Financial Planning Association (FPA), as well as the director of

You need to be logged in to see this part of the content. Please Login to access.

The post Julie Massaro Named Executive Director of ASA-Colorado appeared first on CollisionWeek.

Uni-Select Acquires UK Parts Distributor

Industry News - Thu, 06/01/2017 - 9:58am

Uni-Select Inc. (TSE:UNS), the parts distributor and parent of FinishMaster, announced an agreement to acquire The Parts Alliance, the second largest independent distributor of automotive aftermarket parts in the UK. The £205.0 million ($264.1 million) transaction is fully funded with debt.

The deal marks Uni-Select’s entry into European market with a leadership position in the UK;

 “We are excited to establish a third growth pillar in the large UK parts aftermarket that is expected to be immediately accretive in a market with great upside potential from future consolidation opportunities. Parts Alliance is a great organization, with a market leadership position

You need to be logged in to see this part of the content. Please Login to access.

The post Uni-Select Acquires UK Parts Distributor appeared first on CollisionWeek.

PPG Drops AkzoNobel Takeover Bid

Industry News - Thu, 06/01/2017 - 9:40am
Paint manufacturer will not make a public takeover offer for competitor.

PPG (NYSE:PPG) today announced that it has withdrawn its proposal to acquire AkzoNobel (OTCMKTS:AKZOY) and will not pursue a public offer for the company. Under Dutch law, PPG had to make a decision today to pursue a formal takeover attempt or pause for a six month cooling off period.

“We were hopeful throughout this process that AkzoNobel’s Boards would see the merits of our compelling proposal to combine our two great companies and create significant shareholder value and a more sustainable business for the future. We strongly believe a

You need to be logged in to see this part of the content. Please Login to access.

The post PPG Drops AkzoNobel Takeover Bid appeared first on CollisionWeek.

Women’s Industry Network Announces Jessica Rob is Cornerstone Recipient

Industry News - Wed, 05/31/2017 - 11:05am

The Women’s Industry Network (WIN) announced the recipient of its WIN Cornerstone Award. The award recognizes the efforts of a board member whose actions and unique contributions demonstrate their commitment to the WIN mission and vision, and set an example for others to follow.

Petra Schroeder, WIN Chair, (left) presents the 2017 WIN Cornerstone Award to Jessica Rob of AkzoNobel at the WIN Annual Conference held in Denver, Colo. earlier this month.

During the 11th Annual WIN Educational Conference held in Denver, Colo. earlier this month, Jessica Rob of AkzoNobel was recognized as this year’s recipient of this award by

You need to be logged in to see this part of the content. Please Login to access.

The post Women’s Industry Network Announces Jessica Rob is Cornerstone Recipient appeared first on CollisionWeek.

J.D. Power Project New Vehicle Sales Pace to Drop Again in May, Lowers 2017 Outlook

Industry News - Wed, 05/31/2017 - 10:57am

The new vehicle retail sales pace in 2017 is expected to be lowest for the month of May since 2013, according to a forecast developed jointly by J.D. Power and LMC Automotive.

With one additional selling day in 2017, retail sales in May are anticipated to reach 1,222,000 units, a 2.9 percent decrease compared with May 2016 on a selling-day-adjusted basis.  The seasonally adjusted annualized rate (SAAR) for retail sales in May is expected to be 13.4 million units, a decrease of 212,000 units from a year ago. With the slowdown expected to continue in the second half of the

You need to be logged in to see this part of the content. Please Login to access.

The post J.D. Power Project New Vehicle Sales Pace to Drop Again in May, Lowers 2017 Outlook appeared first on CollisionWeek.

Sherwin-Williams Receives Regulatory Approval to Complete Valspar Acquisition.

Industry News - Wed, 05/31/2017 - 10:43am
Acquisition expected to close June 1. Valspar announces refinish production expansion

The Sherwin-Williams Company (NYSE:SHW) announced it has received regulatory approval from the United States Federal Trade Commission (FTC) and the Canadian Competition Bureau (CCB) to complete its acquisition of The Valspar Corporation (NYSE: VAL).  The FTC and CCB were the only remaining regulatory approvals required to close the acquisition. Sherwin-Williams expects to close the acquisition on June 1 subject to customary closing conditions.

Sherwin announced it was acquiring Valspar in March 2016 in a deal valued at $11.3 billion.

The FTC and CCB raised concerns that the acquisition, as

You need to be logged in to see this part of the content. Please Login to access.

The post Sherwin-Williams Receives Regulatory Approval to Complete Valspar Acquisition. appeared first on CollisionWeek.

AIA Canada Providing I-CAR Training to Skills Canada Champion to Prepare for WorldSkills

Industry News - Wed, 05/31/2017 - 10:22am

The Automotive Industries Association (AIA) of Canada announced it was joining other industry partners in supporting 2016 Skills Canada Auto Body Repair Champion Vyolaine Dujmovic on her road to the 2017 WorldSkills Competition this October in Abu Dhabi.

Vyolaine Dujmovic, Skills Canada Auto Body Repair Champion, will compete at the 2017 WorldSkills Competition this October in Abu Dhabi.

Dujmovic won her Canadian title at the 2016 Skills Canada National Competition (SCNC) held in Moncton, New Brunswick. Initially encouraged by one of her teachers to participate, she is now part of a team of thirty-one members  who are in preparation for

You need to be logged in to see this part of the content. Please Login to access.

The post AIA Canada Providing I-CAR Training to Skills Canada Champion to Prepare for WorldSkills appeared first on CollisionWeek.

Keith Bell Named North American Sales Leader, Distribution, OEM and Industry Relations at AkzoNobel

Industry News - Wed, 05/31/2017 - 10:02am

Keith Bell has been named North American Sales Leader, Distribution, OEM and Industry Relations at AkzoNobel Vehicle Refinishes North America. Bell previously served as U.S. Sales Leader for the East Market. In his new role Bell will work with the company’s North American distribution network, AkzoNobel’s Distributor Council and other key distributor programs. Bell has worked with PBE distributors for over 30 years and brings a wealth of knowledge and expertise to his new role.

Keith Bell has been named North American Sales Leader, Distribution, OEM and Industry Relations at AkzoNobel Vehicle Refinishes North America.

Bell will also be responsible

You need to be logged in to see this part of the content. Please Login to access.

The post Keith Bell Named North American Sales Leader, Distribution, OEM and Industry Relations at AkzoNobel appeared first on CollisionWeek.

Copart Reports Revenue Up Over 7% in Fiscal Third Quarter

Industry News - Tue, 05/30/2017 - 10:33am

Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended April 30.

For the three months ended April 30, 2017, revenue of $373.9 million an increase of $26.6 million, or 7.7 percent over the same quarter in the previous year. Gross margin was $172.5 million, an increase of $14.9 million, or 9.4 percent for the quarter. Net income was $90.5 million, an increase of $15.9 million, or 21.3 percent from the same quarter last year.

For the nine months ended April 30, 2017, revenue, gross margin, and net income were $1.1 billion, $464.6 million, and $323.9 million, respectively. These represent

You need to be logged in to see this part of the content. Please Login to access.

The post Copart Reports Revenue Up Over 7% in Fiscal Third Quarter appeared first on CollisionWeek.

Mississippi Attorney General and Auto Repair Task Force Release Consumer Guide to Insurance and Auto Body Repair

Industry News - Tue, 05/30/2017 - 10:29am

Last week, Mississippi Attorney General Jim Hood announced the release of the Consumer’s Guide to Insurance and Auto Body Repair.

According to the Mississippi Attorney General’s Office, it convened the Mississippi Auto Repair Task Force in August 2016 in an attempt to give consumers some guidance on navigating the relationship between the collision repair and insurance industry.  The Consumer’s Guide to Insurance and Auto Body Repair addresses what consumers should expect from their insurance companies and auto body repair shops, how to choose a shop, and the different types of repair costs and warranties.

 “Our Consumer Protection Division receives

You need to be logged in to see this part of the content. Please Login to access.

The post Mississippi Attorney General and Auto Repair Task Force Release Consumer Guide to Insurance and Auto Body Repair appeared first on CollisionWeek.

Insurance Auto Auctions Expands Two Locations in Georgia

Industry News - Tue, 05/30/2017 - 10:21am
Adds over 40 acres to branches in Savannah and Tifton

Insurance Auto Auctions, Inc. (IAA) announced the expansion of its Savannah and Tifton, Georgia facilities. The growth of these facilities extends the company’s footprint across the seven locations in the state and demonstrates IAA’s commitment to responding to the increasing needs of its customers in this growing market.

 “The Savannah and Tifton expansions advance our pace of proactive operational growth in this important marketplace to better serve our loyal base of buyers and sellers,” said John Kett, CEO and president of IAA. “Our ability to provide day-to-day storage and

You need to be logged in to see this part of the content. Please Login to access.

The post Insurance Auto Auctions Expands Two Locations in Georgia appeared first on CollisionWeek.

Boyd Group Acquires Assured Automotive’s 68 Collision Repair Centers in Canada

Industry News - Tue, 05/30/2017 - 10:18am
Acquisition of Canada’s largest non-franchise collision repair company more than doubles Boyd’s footprint in the country.

The Boyd Group Income Fund (TSE:BYD.UN) yesterday announced that it has, through a subsidiary company, acquired Assured Automotive Inc., the largest operator of non-franchised collision repair centres in Canada, based in Ontario. The acquisition is expected to be immediately accretive to earnings per unit and cash flow per unit.

According to Boyd, with the acquisition the company will have 474 locations in North America and over 7,300 employees and over CA$1.5 billion ($1.54 billion) in 2016 pro forma revenue.

The acquisition more than doubles

You need to be logged in to see this part of the content. Please Login to access.

The post Boyd Group Acquires Assured Automotive’s 68 Collision Repair Centers in Canada appeared first on CollisionWeek.

Court Rules in AkzoNobel’s Favor in Suit to Unseat Chairman Over PPG Takeover Bid

Industry News - Tue, 05/30/2017 - 10:03am

AkzoNobel (OTCMKTS:AKZOY)yesterday prevailed in a lawsuit brought by investor Elliott Advisors that sought to unseat AkzoNobel’s chairman over the paint manufacturer’s continued resistance to the takeover bid by PPG Industries (NYSE:PPG) that was launched earlier this year. The decision by Amsterdam Enterprise Chamber rejected Elliott’s request to force AkzoNobel to hold a special shareholder meeting on the dismissal of Antony Burgmans, chairman of the AkzoNobel board.

In a statement, PPG said, “PPG remains willing to meet with AkzoNobel regarding a potential combination of the two companies, but without productive engagement, PPG will assess and decide whether or not to

You need to be logged in to see this part of the content. Please Login to access.

The post Court Rules in AkzoNobel’s Favor in Suit to Unseat Chairman Over PPG Takeover Bid appeared first on CollisionWeek.

Memorial Day Travel at Highest Level Since 2005

Industry News - Thu, 05/25/2017 - 11:05am
AAA projects 39.3 Million Americans are expected to travel during Memorial Day weekend. Automobile travel will grow by 2.4 percent.

AAA projects that 39.3 million Americans will travel 50 miles or more away from home this Memorial Day weekend. That is one million more travelers than last year taking to the roads, skies, rails and water, creating the highest Memorial Day travel volume since 2005.

“The expected spike in Memorial Day travel mirrors the positive growth seen throughout the travel industry this year,” said Bill Sutherland, AAA senior vice president, Travel and Publishing. “Higher confidence has led to more consumer

You need to be logged in to see this part of the content. Please Login to access.

The post Memorial Day Travel at Highest Level Since 2005 appeared first on CollisionWeek.

Career and Technical Education Faces Cuts in President’s FY18 Budget

Industry News - Thu, 05/25/2017 - 10:59am
Cuts, if approved by Congress, could impact collision repair training programs at high schools.

Collision repair training programs in high schools would possibly face cuts under the budget proposed by the Trump Administration this week for Fiscal Year 2018 that begins in October 2017.

The Administration is requesting $976.9 million to support career and technical education (CTE) programs under the Carl D. Perkins Career and Technical Education Act (Perkins Act). The request represents a 15 percent reduction from the $1.12 Billion that was approved by Congress for FY 2017.

The Perkins Act provides federal support in the form of grants for CTE programs in all 50 states and the territories.

The Administration explained that overall budget priorities make the cuts necessary.

“Although a decrease is necessary to align with overall Budget priorities, the request would continue to provide significant flexible formula grant funds that support State and local efforts to implement high-quality CTE programs, such as programs of study (non-duplicative CTE courses that progress from the secondary to the postsecondary level and lead to a credential, certificate, or an associate or baccalaureate degree), dual enrollment programs, and career pathways that help students attain the credentials or certificates they need to gain employment in high-skill and high-demand occupations,” the Administration said in the budget proposal to explain the decreased funding. “ The Administration plans to work with Congress to reform and improve this program through the upcoming Perkins Act reauthorization.”

The budget request includes a $27.4 million request for CTE National Programs, an increase of $20 million that would support a competition to promote the development of, “…innovative CTE programs in science, technology, engineering, and mathematics (STEM) fields.” The remaining funds would continue to support State and local implementation of CTE programs under the Act.

Impact on Collision Repair Training Programs

Clark Plucinski, executive director of the Collision Repair Education Foundation, explained that the proposed budget cuts are a serious concern for the collision industry. Collision repair programs have faced declining funding for many years, resulting in a significant number of school collision repair program closures. The Foundation has been working to help schools realign there programs to industry needs and provide financial support from the industry to support those programs.

“Over the last several years the Foundation has been focused on establishing the needs of school collision programs, from continuous education for instructors, tools and equipment to necessary to achieve accreditation by the National Automotive Technicians Education Foundation (NATEF), to consistency in their curriculum using I-CAR’s PDPEE for schools,” explained Pluciniski. “Working with over 500 of the 1100 schools teaching collision repair, last year we developed the Career Readiness Benchmark, tiering schools to pinpoint their current status toward achieving the top level, tier one status.  The top tiered schools differentiate themselves in that 63 percent of their students find their way into the industry and embrace higher levels of education versus the 20 percent that are not involved. Our research tells us that to move 300 schools to tier one status to meet the pre-employment training needs of the industry will cost $35 million over five years.”

The Foundation recognized the first 121 schools included in the Career Readiness Benchmark program in April. 

Plucinski continued, “Cutting Perkins Grant dollars is guaranteed to cause hardships for the schools, especially with diminished focus on CTE, the collision programs could be eliminated.  Since 2009, the number of high school and college collision repair programs has shrunk from 1454 to 1100 across the U.S.  Clearly, this is the time for the industry to take a more active role to partner with the schools, administration and the state and local legislators to show our support.”

“The Foundation, with strong industry support, can be the vehicle to not only influence the states and local schools boards, but to show through our rigor, our ability to not only save, but to improve the current status of their collision repair programs,” said Plucinski. “Over the last two years, using the theme of adopting a schools, the local I-CAR committees have raised millions of dollars to support their local high Schools and college collision repair programs.”

Plucinski is urging the industry to contact their legislators to ask for support of continued Perkins funding. “Please take the time to write your local politicians and help us with your generous donations,” concluded Plucinski.

Career and Technical Educator Concern

A joint statement from the Association for Career and Technical Education (ACTE) and Advance CTE raised concerns about the impact of the proposed cuts.

According to the statement by LeAnn Wilson, executive director of ACTE, and Kimberly Green, executive director of Advance CTE, “While the Trump Administration talks about supporting workforce and skills development, this dramatic cut is nothing short of an attack on CTE and the students and employers who benefit from it. At a time when millions of job openings go unfilled every year due to shortages in the skilled, technical workforce, President Trump should double-down on an investment in CTE, not propose drastic cuts.

 “This proposed $168 million cut from state grants for CTE significantly reduces states’ abilities to use these resources to improve and expand CTE programs based on their specific needs. It’s incredulous that an Administration that wishes to devolve authority to the states proposes to increase its own funding at the federal level by $20 million; this essentially equates to taking funds out of the pockets of states, colleges and schools to a create a new, untested program run by the Secretary of Education,” the statement continued. “As a businessman who has employed a range of employees – from engineers to computer programmers – the president is well-positioned to appreciate the importance of a skilled workforce that meets the demands of today’s economy. Unfortunately, this budget falls woefully short in its commitment to students, employers, and the next generation American workforce. We urge the President to review the far-reaching impact CTE has on all facets of the economy, and to make investing in CTE a priority.

ACTE has a web page set up where people concerned about the cuts can contact their legislators.

The post Career and Technical Education Faces Cuts in President’s FY18 Budget appeared first on CollisionWeek.

Service King Hired 250 Veterans through Mission 2 Hire Initiative

Industry News - Thu, 05/25/2017 - 10:15am

Service King Collision Repair Centers announced it eclipsed another milestone by surpassing 250 successful hires through its ongoing veterans initiative – Mission 2 Hire.

Mission 2 Hire is Service King’s official veterans outreach campaign actively recruiting and hiring U.S. Armed Forces veterans, military spouses and active duty personnel. The initiative continues to outpace its original goal of 500 hires in five years after launching in May 2015. Service King is currently more than six months ahead of schedule to meeting its goal and now officially beyond the halfway mark of completing its mission.

“Mission 2 Hire continues to be a

You need to be logged in to see this part of the content. Please Login to access.

The post Service King Hired 250 Veterans through Mission 2 Hire Initiative appeared first on CollisionWeek.

Syndicate content