July 2013: In This Issue ...
The Obama Administration announced last week that the employer mandate portion of the Affordable Care Act will be delayed by one year. This portion of the new healthcare law requires employers with 50 or more full-time workers to offer health care insurance or pay a $2,000 fine per employee. The provision will still take effect January 1, 2014, but it will not be enforced until 2015.
The delay comes in part from a business community appeal that the law is complex, regulations are still being drafted and companies need more time to understand and comply with the rules. The decision does not affect small employers with fewer than 50 workers since they are not required to offer insurance under the law, but are encouraged to do so.
The Locator has run articles on the health care reform act. You can find them here: http://www.partslocator.com/March-2013/The-2012-Taxpayer-Relief-Act-Demystified/.
Schnitzer Steel Industries, Inc. has acquired Bill’s Auto Parts in Cumberland, R.I. The auto recycling facility will operate as one of the company’s Pick-n-Pull self-service facilities. Schnitzer Steel Industries made the announcement as parts of its third quarter earnings report.
This new store adds to our supply chain in the Northeast, increasing its combined regional presence to 16 facilities.
“We generated positive operating cash flow this quarter which enabled us to continue our growth investments and capital allocation priorities while maintaining a healthy balance sheet,” said Tamara Lundgren, President and Chief Executive Officer.
Bill’s Auto Parts was owned by Paul and Lynn D’Adamo. Paul has held numerous industry titles and has received several distinctions, including: the Locator UpFront’s Most Influential Hero in 2005, Environmentalist in 2006, Teacher in 2008 and Man in 2010. He was named an ARA Trendsetter in 2009, was ARARI president and an ARA University trainer.
dC Automotive, based in Rocky Mount, N.C., has opened a service department exclusively for Porsche vehicles in addition to its auto recycling services.
dC Automotive is experienced in IMS bearing replacement using the LN Engineering IMS Bearing Retrofit™, a preemptive cost effective upgrade for a Porsche engine.
“We started in the parts business because we could not find the parts needed for a project car- a 914,” the company stated. “Over time, we began rebuilding air- and water-cooled engines, and then began installing them as well. A good number of the cores we saw included engines with IMS bearing failure. And so we moved from dismantling and re-selling Porsche parts to rebuilding engines and providing preventative maintenance.”
dC Automotive (www.dcauto.com) works on vehicles from Miami to California and can arrange delivery. It will also arrange owner transportation to and from the Raleigh-Durham airport or Amtrak.
Effective July 1, 2013, Florida’s good faith procedure for locating out-of-state owners or lienholders as part of the towed vehicle notification process includes a record check through the National Motor Vehicle Title Information System (NMVTIS) to determine the current state of title. This process will not only save the towing industry and law enforcement significant costs, it will also expedite the notification of out-of-state owners and lien holders of vehicles towed in the State of Florida.
The same legislation also requires tow, storage and recovery businesses to report information about the vehicles they handle to NMVTIS. Licensed salvage motor vehicle dealers are required to report the purchase of “derelict” vehicles to NMVTIS. Tow operators must report vehicles to NMVTIS prior to applying for a Certificate of Destruction with the Florida DHSMV and all applications for a certificate of destruction in Florida must now include proof of reporting to NMVTIS. This consumer protection measure ensures that vehicle histories obtained through the national database alert prospective purchasers to salvage brands placed on the vehicle.
Auto Data Direct, Inc. (ADD) offers an affordable and effective solution to these industries for complying with the new law.
“ADD has a long history of providing efficient business solutions to the tow, storage, and recovery businesses in Florida and throughout the U.S.,” said Jim Taylor, ADD’s President. “As a Department of Justice approved provider for both obtaining the NMVTIS reports and reporting salvage information to the system, ADD offers a one-stop web based solution to meet these new requirements.”
For more information, visit its website at www.add123.com or call 866-923-3123.
Insurance Auto Auctions, Inc. (IAA) the live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc., announced that it has optimized its IAA Buyer App for iPhone 5, making it the first in the industry to offer this capability to users.
These enhancements bring a seamless mobile experience to customers using any of IAA’s mobile products without the need for a Wi-Fi connection to install the app. This capability is a differentiator in the industry and is a direct result of the efficient development of the IAA app, reducing storage requirements on mobile devices and allowing for faster downloads and installation.
IAA (www.iaa-auctions.com) continues to see a dramatic increase in the number of customers who are using mobile technology to conduct business, place bids and complete transactions online. In the past year alone, bidding activity has more than tripled through the IAA Buyer Apps and IAA’s mobile website, m.iaai.com.
“We are committed to providing our customers with the right solutions to help them stay ahead of the curve, and mobile technology has become an integral part of this strategy. By delivering industry-leading mobile solutions, our customers can access our full suite of services while on the go,” said Tom O’Brien, chief executive officer at Insurance Auto Auctions, Inc. “Our ongoing investment in innovative industry technology allows us to deliver a best-in-class customer experience for buyers.”
July 24, 2013: Listings for The Locator Magazine.
July 29, 2013: Display ads for The Locator Magazine.
August 1, 2013: The Locator Magazine goes to press.