Copart Reports First Quarter Fiscal 2020 Financial Results

DALLAS–(BUSINESS WIRE)–Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended October 31, 2019. For the three months ended October 31, 2019, revenue, gross profit, and net income were $554.4 million, $254.9 million, and $218.2 million, respectively. These represent an increase in revenue of $93.1 million, or 20.2%; an increase in gross profit […]

Global Automotive Telematics Market 2018-2022 | 18% CAGR Projection Over the Next Five Years | Technavio

LONDON–(BUSINESS WIRE)–#automotiveindustry–The automotive telematics market size is expected to post a CAGR of nearly 18% during the period 2018-2022, according to the latest market research report by Technavio. Request a free sample report The adoption of usage-based insurance (UBI) is increasing significantly due to the growing regulations for mandatory motor insurance. UBI allows insurers to […]

Global Automotive Financing Market 2018-2022 | Increasing Investments in Autonomous Vehicles to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#automotivefinancing–The global automotive financing market is expected to post a CAGR of more than 3% during the period 2018-2022, according to the latest market research report by Technavio. Request a free sample report Cab service providers are collaborating with financiers and car dealers to offer flexible leases and discounts to potential drivers for the […]

Cooper Tire Names Ben Patel Senior Vice President & Chief Technology Officer

FINDLAY, Ohio–(BUSINESS WIRE)–Cooper Tire & Rubber Company (NYSE: CTB) has named Ben Patel Senior Vice President & Chief Technology Officer (CTO). In his new role, Patel is responsible for product planning and development, as well as engineering and technology across all regions. He leads a technology organization that includes a global technical center as well […]

PEMCO Poll: Many Think That NW Drivers Get Away with Cheating in the Carpool Lane

SEATTLE–(BUSINESS WIRE)–Many Northwest drivers can relate to the frustrating feeling of sitting in gridlocked freeway traffic while cars in the high-occupancy vehicle (HOV) or “carpool” lane zoom by. Adding to the irritation, the latest poll from PEMCO Mutual Insurance suggests that many Northwest drivers share skepticism that those smooth-sailing commuters are using the HOV lane […]

Shared Technologies Brings Industry First Helmet Discount to Scooter Service

Mobility Startup Also Unveils Plans to Expand Their Sustainable Zoomers to More US Cities SEATTLE–(BUSINESS WIRE)–Shared Technologies, a mobility startup that has raised a million in early funding and launched a successful deployment in Portland, OR, announced today new features that make getting around easier and safer for riders, walkers and all users of city […]

Kerrigan Advisors Represents El Monte Honda in Its Sale – The 10th Honda Dealership Kerrigan Advisors Has Represented for Sale since 2015

El Monte Honda sold to Car Pros Automotive Group IRVINE, Calif.–(BUSINESS WIRE)–#KerriganAdvisors–Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised on the sale of Los Angeles County-based El Monte Honda, owned by Steve Nelson and business partners, to Washington-based Car Pros Automotive Group. This is the first Honda […]

Mobile Tech RX Launches First-Ever Analytics Product for Auto Reconditioning Professionals

Leading auto reconditioning software Mobile Tech RX releases the first analytics product for the industry, providing dent, detail, interior, glass, paint, and wheel professionals with actionable data to drive business optimization and efficiency AUSTIN, Texas–(BUSINESS WIRE)–#AutoReconAnalytics—Mobile Tech RX, the leading software for auto reconditioning technicians, announces their release of the industry’s first analytics product today. […]

Immersion Signs License Agreements With Continental Further Incorporating Haptics Into Automotive Interfaces

Companies Renew Agreement for Touchscreens, Touch Pads SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of touch feedback technology, today announced it has signed an agreement with the technology company Continental, a leading international supplier of human-machine interface (HMI) solutions for automobiles. The agreement grants Continental access to Immersion’s advanced haptic technologies […]

Motorcar Parts of America Receives MVP of the Year Award From Parts Authority

LOS ANGELES–(BUSINESS WIRE)–Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it received Parts Authority’s 2019 Most Valuable Partner (MVP) award at the automotive aftermarket distributor’s AAPEX reception recently held in Las Vegas. “Superior product management and customer service are fundamental commitments throughout our company. We are gratified to be recognized as a valued supplier and […]