New student starts were up 11.2 percent for the fiscal second quarter and 12.7 percent year to date. Universal Technical Institute, Inc. (NYSE: UTI) reported revenues increased 1.3 percent to $81.7 million, driven by higher average full-time enrollment in its fiscal 2019 second quarter ended March 31. The increase occurred despite one less earning day […]
Permatex Reorganizes Sales Force
New team structure better aligned to meet needs of distributors and accounts in traditional channel. Permatex announced the reorganization of its sales force. The new alignment was driven by the evolving needs of the marketplace and puts Permatex in a better position to service its traditional channel partners and keep them up to date with […]
Auto Care Association Legislative Summit September 18-19
The Auto Care Association announced that its Legislative Summit will take place Sept. 18-19 at the Hyatt Regency Washington on Capitol Hill in conjunction with 2019 Auto Care Association Fall Leadership Days. Leadership Days is a three-day event for the association’s top volunteers and engaged members to discuss industry issues and drive association initiatives. With […]
U.S. Department of Labor Recovers $96,511 for Arkansas Tire Shop Employees
After an investigation by the U.S. Department of Labor’s Wage and Hour Division (WHD), Rental Concepts LLC – doing business as RNR Tire Express in Springdale, Arkansas – has paid $96,511 in back wages to 239 employees to resolve systemic violations of the Fair Labor Standards Act (FLSA) overtime provisions. The employer also violated the […]
Genuine Parts Company Acquires Hennig Fahrzeugteile Group in Germany
Hennig has 31 branches in Germany. The Genuine Parts Company (NYSE: GPC) announced today an acquisition for its European Automotive business. Alliance Automotive Group (AAG), GPC’s wholly-owned automotive distribution company based in London, U.K., has entered into an agreement to acquire Hennig Fahrzeugteile Group. The transaction is expected to close by August 1, and is […]
Aftermarket Applauds FTC’s Compliance Warning to Hyundai on Warranty Requirement for OEM Parts
On April 9, 2018, the Federal Trade Commission (FTC) issued a “compliance warning” to Hyundai Motor Company regarding violations of the Magnuson Moss Warranty Act (MMWA)’s prohibition against tie-in sales of branded products and services as a condition of warranty coverage. FTC specified the following website statement as problematic: “The use of Hyundai genuine parts […]
Universal Technical Institute Reports Revenue Down 4.4% in Fiscal Second Quarter
Universal Technical Institute, Inc. (NYSE: UTI) reported financial results for the fiscal 2018 second quarter ended March 31, 2018. Revenues for the quarter were $80.7 million, compared to $82.5 million for the prior year period. The year-over-year revenue variance was primarily attributable to a 4.4 percent decrease in UTI’s average student population. Operating expenses for […]
NATEF and AYES Merge to Form ASE Education Foundation
Effective January 1, 2018, the National Automotive Technicians Education Foundation (NATEF) and the Automotive Youth Educational Systems (AYES) have merged to become the ASE Education Foundation. “The new combined organization will take advantage of the extremely high ASE brand awareness among consumers, industry and education audiences. It will also provide clarity and simplification of message […]
ASA Calls for Opposition to Missouri Anti-Vehicle Safety Inspection Legislation
Association opposes Missouri House Bill 1444 According to the Automotive Service Association (ASA) on February 7, the Missouri House Transportation Committee held a hearing to address House Bill (HB) 1444 that would repeal Missouri’s vehicle safety inspection program. ASA opposes HB 1444 and encourages all interested parties in Missouri to visit the alerts section of […]
Valvoline Completes Acquisition of Assets of Henley Bluewater LLC
Addition of 56 quick-lube locations in Michigan and northern Ohio immediately increases the number of company-owned stores in the Midwest Valvoline Inc. (NYSE:VVV) yesterday announced that it has completed the previously announced acquisition of 56 Valvoline Instant Oil ChangeSM (VIOC) franchise service centers from Henley Bluewater LLC. These stores build on the infrastructure and talent […]