LKQ Corporation Reports Record Revenues
LKQ Corporation today announced results for its first quarter ended March 31, 2008, with revenue of $491.9 million, net income of $30.9 million and diluted earnings per share of $0.22. "We reported record revenue and earnings for the quarter with revenue growth at 109 percent and net income growth at just over 95 percent," said
Tasco to Acquire Collision Equipment Group
PPG distributor and Collision Equipment Group (CEG) founding member Tasco Auto Color has announced the acquisition of CEG as a strategic move to accommodate CEG’s rapid growth. CEG and Tasco will expand their exclusive distribution agreement with Spanesi, S.p.A to include a broader range of Spanesi products and even closer ties to the Italian manufacturer
CCC-Mitchell Merger Targets Single Platform, Says CCC Rep
Attendees of the Collision Industry Conference held in Philadelphia April 16-17 received a little more insight into the recent announcement that CCC and Mitchell will merge thanks to Jim Dickens, CCC’s Senior Vice President of Product Management and Marketing. Perhaps the most compelling information Dickens offered was that the intent of the merger is to
Antitrust
‘Antitrust’ is spoken of frequently in the collision repair industry but is still often
misunderstood. Here’s a clear definition of what it is and how it relates to insurer- repairer business relations.
Sold!
“How do you evaluate and sell your business?”
Going Head to Head
Collision repair consolidators seem focused on customer service as opposed to offering insurance companies even lower repair costs. They’re also concentrated on honing their operations to a razor sharp state of efficiency (which, incidentally, will lower repair costs).
Jagging Rights: Jaguar’s Exclusive Aluminum-Repair Network of Authorized Shops
This shop spent $100K to gain entry to Jaguar’s exclusive aluminum-repair network of authorized shops. While developing technologies from the world’s automakers have left most shops out in the cold, they also present risk-takers with some real opportunities. Fairless Hills, Pa. – Hunt Auto Body is at first glance, a typical independent body shop, tucked
Inverter MIG Welders:Turn Your World Upside Down
On a mission to learn how to better repair lightweight panels, I began investigating inverter welders. And was pleasantly surprised.
Disposable Cars?
More repair-friendly vehicles don’t appear to be in our future, equating to fewer vehicles being repairable and those that aren’t totaled costing more to repair.
Apathy
A massive segment of repairers – wallowing in yesteryear’s thinking and uninterested in learning anything new – are driving themselves out of business. Do you fit this description?