LKQ First Quarter Net Income Up 44 Percent
LKQ Corp. has announced results for its first quarter, which ended March 31, with revenue of $192.1 million, net income of $12.1 million and diluted earnings per share of 22 cents.
Kent Automotive Launches New Website
Kent Automotive, a supplier of collision and mechanical repair products for the aftermarket, recently launched a new state-of-the-art website. The website — www.kent-automotive.com — includes new ecommerce capabilities, robust functionality and technology, a new search catalog, previous online order history and a Quick Order Pad to enter frequently ordered products.
ABRA Auto Body & Glass Promotes Krohn to Senior Vice President of Operations
ABRA Auto Body & Glass, a national damaged vehicle repair company, announced today the promotion of Scott Krohn to the position of senior vice president of operations. Krohn will manage all collision and glass operations, and will be an integral part of ABRA’s strategic planning and executive committees.
LKQ Acquires Northeast Aftermarket Businesses
LKQ Corp. has acquired Northeastern U.S. aftermarket business Fit-Rite Body Parts and its affiliated companies, including Accu-Parts, B & D Automotive International, Pennsylvania Collision Parts and Fit Master Body Parts. Fit-Rite operates in the aftermarket collision automotive replacement parts business.
LKQ Corp. Acquires Chicago Recycled Auto Parts Facilities
LKQ Corp. has acquired A-Reliable Auto Parts and its affiliated companies. A-Reliable is a provider of recycled automotive products servicing the greater Chicago area.
New Hampshire Autocare Specialist Named 2006 NAPA/ASE Technician of the Year
NAPA Auto Parts and the National Institute for Automotive Service Excellence (ASE) have named Michael Lavoie of Haverhill, NH, the 2006 NAPA/ASE Technician of the Year. Presented annually by NAPA Auto Parts and ASE, the award is given to a technician that exemplifies excellence and achievement in the industry. The winner is selected by a panel that includes former winners, automotive trade media and staff from ASE Headquarters.
R.L. Polk & Co.’s Ask The Industry Explores the Philosophy of Collaboration
For this edition of Ask The Industry, we venture into the philosophy of collaboration. It’s a single word solution to an extremely complex problem for everybody in the automotive aftermarket, from manufacturer CEO to warehouse manager. Although that word has been spoken from prominent voices throughout the years, the reality is that there are still major hurdles that need to be dealt with before the industry can begin to chart a course to success via collaboration. We spoke with some industry executives to give us insight on how we may be able to arrive at that point.
Auto Parts Industry Presses Senate To Pass Association Health Plan Bill
Ten trade associations representing the entire scope of the auto parts industry, from suppliers to aftermarket, challenged the United States Senate to enact the “Small Business Health Fairness Act” (S. 406). The bill would allow small businesses to purchase affordable health care coverage through a trade association. In a show of solidarity, the 10 groups submitted a joint letter to the Senate urging immediate support for the bill, commonly referred to as “Association Health Plans” (AHPs).
ASA Holds Annual Business Meeting in Texas, New Board Announced
The Automotive Service Association (ASA) held its annual business meeting April 20-23 in Fort Worth, Texas. The event serves as a forum for several association leadership activities, including open meetings of the ASA affiliate assembly and board of directors; a State of the Association address by Ron Pyle, ASA’s president and chief staff executive; and the installation of the 2005-06 board of directors.
The Year in Review – A Look at the Top 10 News Stories of 2004
Whether you believe 2004 was a good or bad year for the aftermarket, no one can argue this was a big news year for our industry. The year included noteworthy shifts in leadership, mergers, acquisitions and more, most of which will significantly impact the industry for many years to come. Here’s a month-by-month look at what aftermarketNews.com considers to be biggest news events that happened in our industry in 2004.