WASHINGTON, D.C. - The U.S. Small Business Administration (SBA) and U.S. Department of Treasury released an interim final rule on Temporary Changes to the Business Loan Program under the Paycheck Protection Program (PPP). The interim rule provides borrowers and lenders…
From the Small Business Administration Today, the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively…
BOULDER, Colo.--(BUSINESS WIRE)--A new report from Guidehouse Insights examines light duty (LD) EV sales and populations, providing forecasts for three scenarios—conservative, base, and aggressive—through 2030. Recent growth in the LD EV market coupled with strong hybrid EV (HEV) sales growth led…
WASHINGTON, D.C. - The Trump Administration continues to update and provide additional information and resources with regard to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The U.S. Department of the Treasury and the U.S. Small Business Administration released…
Co-owners Micah and Aaron Strom temporarily closed their shop’s doors for a month to help flatten the pandemic curve, and when ASA Northwest member-shop Modern Collision Rebuild & Service reopened on May 4, business boomed.
WASHINGTON, D.C. - Today, the U.S. House of Representatives passed H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020, 417 – 1. The bipartisan bill was introduced by Congressman Chip Roy (R-Texas) and Congressman Dean Phillips (D-Minnesota). The legislation…
ENGLEWOOD, Colo.—ASA Colorado with hold its annual golf tournament, Saturday, Sept. 12, from 7 a.m.—2 p.m., at the Colorado National Golf Club, 2700 Vista Parkway in Erie. The outing will be a four-player scramble for all levels of players. There…
WASHINGTON, D.C. - Today, California and 22 other states and jurisdictions sued the Trump Administration over the U.S. Environmental Protection Agency (EPA) and the National Highway Safety Traffic Administration (NHTSA) final rule, The Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule for…
SANTA CLARA, Calif., May 27, 2020 /PRNewswire/ -- Frost & Sullivan's recent analysis, COVID-19 Growth Impact Assessment for the Automotive Industry, 2020, presents the impact of the pandemic on the automotive sector under three scenarios—gradual containment, severe pandemic, and global emergency—resulting in outcomes ranging…
WASHINGTON (May 27, 2020) – Nationwide, more than 8,300 people died in crashes involving teen drivers from 2008 to 2018 during the “100 Deadliest Days,” the period between Memorial Day and Labor Day. That’s more than seven people a day…
"Americans have cut back on their use of cars and light trucks in response to the regulatory and economic fallout of the 2020 Virus. Reduced vehicle use is reflected in two key aftermarket metrics: the number of vehicles in operation…
WASHINGTON, D.C. - The U.S. Small Business Administration in conjunction with the U.S. Department of Treasury released new guidance regarding the Paycheck Protection Program (PPP). The interim rules can be found here: Interim Final Rule on Loan Forgiveness (Released May 22,…
Per the U.S. Small Business Administration: The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. CLICK HERE FOR APPLICATION The form…
From AAA After dropping to a low of $1.76 in April, the national gas price average is pennies away from hitting the $2/gallon mark. Today’s average is $1.96, which is eight cents higher than a week ago, 19 cents more…
Bob Greenwood, AMAM, president and CEO of Automotive Aftermarket E-Learning Centre Ltd., shares his views on what repair shops should be doing now that we’re opening up, but still dealing with the impact of the COVID-19 crisis.
WASHINGTON, D.C. - U.S. Rep. Chip Roy (R-Texas), along with Congressman Dean Phillips (D-Minnesota), Congressman Tom Emmer (R-Minnesota), and Congressman Fred Upton (R-Michigan), introduced H.R. 6886, the Paycheck Protection Flexibility Act. The bipartisan bill will make necessary changes to the…
By Rob Merwin / Aftermarket Matters SEATTLE —As business slowed due to the pandemic, initial reactions among many…
From Aftermarket Matters NAPERVILLE, Ill.—IMR Inc., an automotive market research firm, has published its latest insight on disruption in parts availability affecting shop purchasing behavior during the pandemic/shelter-in-place requirement. The report focuses on the impact that shelter-in-place orders due to…
