A Look at LKQ: Company processed 700k+ vehicles in 2022, sold 13 million parts

Chicago, Illinois — LKQ Corporation released its 2022 Global Sustainability Report this week, in which the aftermarket salvage giant says it processed 770,000 vehicles in 2022, recycling 97 million pounds of aluminum, nearly seven million pounds of copper and more than 123 million pounds of scrap steel. According to data in the Sustainability Report, LKQ […]

Almost a Teenager: Average age of U.S. vehicles hits 12.5 years, new record

Washington D.C. — A new study from the S&P Global Mobility Group has revealed the average age of personal vehicles in the United States is up three months from this time last year, with the average vehicle clocking in at 12.5 years. This marks the sixth consecutive year the average age of vehicles on American […]

VIP List: Attendees for ARC electric vehicle roundtable to include OEMs, insurance carriers, collision network reps and more

Toronto, Ontario ⁠— The Automotive Recyclers of Canada’s (ARC) invite-only roundtable discussion on the end-of-life process of electric vehicles will include delegates from various verticals of the automotive industry, including collision repair banners, insurance reps and automakers. According to ARC Managing Director Steve Fletcher, the guest list include organizations like AIA Canada, AARO (Automotive Aftermarket […]

Application Integration: Autel and Repairify announce partnership to deliver remote diagnostic services across North America

Texas, United States – Autel and Repairify announced an exclusive collaboration agreement on Wednesday, with Repairify’s diagnostic, allowing calibration and programming solutions to be exclusively offered through Autel’s remote capable products across North America. According to a company press release, Repairify will integrate its diagnostic, calibration, and programming solutions into a revised version of Autel’s […]

Tuesday Ticker: Wall Street speculates Rivian results; Li-Cycle receives loan

Toronto, Ontario ⁠—  In this weekly Tuesday Ticker, analysts speculate Rivian’s impending 2022 Q4 and full year results, while Li-Cycle receives an financial sum from the U.S. Department of Energy. Rivian watch Electric vehicle company Rivian is set to announce its 2022 Q4 and full year results on Tuesday after the markets close.  The company […]

Building a Board: AIA Canada seeks nominations for board of directors

Ottawa, Ontario — The Automotive Industries Association of Canada (AIA Canada) is seeking applications for its Board of Directors. Applications are due March 3, 2023. Directors generally serve a two-year term and must be able to attend two or three board meetings each year and be available for two or three conference calls per year. The […]

Industry Insider: Environmental initiatives and amplifying profitability

Toronto, Ontario — On today’s episode of Industry Insider radio, host James Kerr chats with Paul Prochilo of Simplicity Car Care to see how attention to Environmental Social Governance (ESG) and environmental initiatives can lead to positive action and profitability for your collision repair centre.

Record Revenues: Driven Brands reports 39 percent increase in 2022 revenues

Charlotte, North Carolina ⁠— Driven Brands is reporting growth in its full-year 2022 and Q4 2022 financial results, announced Wednesday morning. For the whole of 2022, Driven Brands reported 39 percent increases in revenue, which grew to US$2 billion driven by same-store sales and location acquisitions, said the company. The company’s paint, collision and glass […]

Wrap Up: SAAR’s Spring Conference in under three minutes

Regina, Saskatchewan — In case you missed it, Collision Repair attended the Saskatchewan Association of Automotive Repairers (SAAR) Spring Conference last weekend, where our reporters—along with help from SAAR’s Aspen Films videographers—captured all the action. Held downtown Moose Jaw at the Temple Gardens Hotel and Spa, attendees were blessed with relatively warm weather⁠ for Saskatchewan […]