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Automotive Body Parts Association

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February 18, 2021 Fourth quarter revenue of $3.0 billion (down 1.9% year-over-year); annual revenue of $11.6 billion (down 7.0% year-over-year) Fourth quarter parts and services organic revenue declined 5.2%; annual parts and services organic revenue declined 7.6% Fourth quarter 2020 diluted EPS 1 of $0.59 (up 28.3%); adjusted diluted EPS 1 of $0.69 (up 27.8%) Annual diluted Read more…


WASHINGTON D.C. – The CAR Coalition, a growing group of independent automotive parts and repair companies, associations and insurers committed to preserving consumer choice and affordable vehicle repair, has released a new video outlining the need to protect consumers’ rights in the post-collision automotive repair market. Along with the video, the Coalition is launching a Call to Read more…


Effective 2/15/2021, new Partslink data is available for download for existing subscribers. For information on the Partslink program, including market intelligence, and how to subscribe to Partslink, please visit www.autobpa.com/partslink. Partslink Monthly Statistics Partslink is more than just a database of part numbers. Information pertaining to part pricing and supersession are also available to subscribers.


On February 12, 2021, the ABPA submitted opposition to Nebraska Legislative Bill 602 (2021) – a bill that will adversely affect Nebraska drivers as it would establish a restriction against the use of alternative parts including aftermarket, recycled, remanufactured and refurbished parts when OEM repair procedures are mandated. A copy of the submission is below: ABPA Letter Read more…


Date/Time: February 24, 2021 3PM EST Registration Link: https://krdcpas-5829586.hs-sites.com/krd-ppp-round-2-employee-retention-credit-webinar-abpa The ABPA is proud to have both Gene Barinholtz, CPA and Paul Wilkins, CPA of KRD back to assist ABPA members in learning more about PPP Round 2 as well as address members’ questions regarding the SBA program. The second round of Paycheck Protection Program (PPP) funds are Read more…


Source: FreshPlaza Distributors face significant challenges The shipping cost has shown an upward trend since last summer as a result of the global Covid-19 pandemic. The distribution of disinfectants and household articles has rapidly increased in the last year. The shipping container shortage continues to grow worse every day. People in the industry predict that this situation Read more…


Source: Elliot Smith, CNBC Key points Denmark’s Maersk, seen as a bellwether for global trade, posted quarterly earnings before interest, tax, depreciation and amortization (EBITDA) of $2.71 billion. Maersk CEO Soren Skou told CNBC that he had “heard stories about carriers deciding to turn around empty containers and ship it back to Asia, rather than wait an Read more…


On February 5, 2021, the ABPA submitted opposition to Washington House Bill 1428 (2021) – a bill that would establish a restriction against the use of alternative parts including aftermarket, recycled, remanufactured and refurbished parts when OEM repair procedures are mandated. A copy of the submission is below: ABPA Letter Opposing WA HB1428


Source: CCC Information Services Highlights: Transaction includes $150 million of fully committed common stock PIPE with participation by Fidelity Investments, funds and accounts advised by T. Rowe Price Associates, Inc. and other investors, in addition to $175 million forward purchase agreement from Dragoneer funds and Michael Bloomberg’s family office, Willett Advisors $968 million of expected net proceeds Read more…


Source: Leslie Scism, The Wall Street Journal Hartford Financial joins with a tech startup to use artificial intelligence to estimate repair costs Policyholders from Hartford Financial Services Group Inc. will now be able to take photographs of their damaged cars and almost instantaneously generate a repair estimate. The new offering is thanks to a partnership between Hartford Read more…

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