According to the latest report from Enterprise Rent-A-Car, the overall length of rental (LOR) for collision-related rentals in the U.S. was 17.5 days in the third quarter, which is down 0.7 days, or 3.8%, from the third quarter of 2022 LOR of 18.2 days. Last year’s result, however, had been up three full days from […]
Archives for 2023
Stephen Carroll Named Vice President of Marketing at MOTOR
MOTOR Information Systems announced that Stephen Carroll is the automotive data solutions provider’s new Vice President of Marketing. Carroll brings over 20 years of experience in marketing, finance, business strategy, M&A and business development across software- as-a-service (SaaS), e-commerce and data analytics industries. Most recently, Carroll served as Vice President of Marketing for SemaConnect. Prior […]
UAW Reaches a Tentative Agreement with Stellantis
The agreement came on the 44th day of the strike. UAW still on strike at GM. The United Auto Workers (UAW) announced October 28 that it has reached a tentative agreement with Stellantis. It is the second tentative agreement the union has reached in bargaining with the Big Three Detroit vehicle manufacturers. As CollisionWeek reported […]
Crash Champions Enters Alabama Market with Acquisition
Crash Champions today announced the acquisition of regional Alabama-based MSO Auto Craft Collision Centers. The acquisition officially closed Friday, Oct. 27, and marks Crash Champions’ entrance into the state of Alabama. Auto Craft’s three collision centers have together served the Baldwin County and greater Mobile, Alabama markets for more than six decades. The repair centers […]
Classic Collision Acquires First Location in Memphis
Classic Collision, LLC announced the acquisition of Collision Craft in Memphis, Tenn. Collision Craft has been locally owned and operated, with over forty years of experience servicing Memphis. “We have strived to be the auto repair facility people turn to for all their automotive needs in Shelby County and know handing over the reins to […]
BMW Group Names Axalta Exclusive Supplier of Private Paint Label ColorSystem in EMEA
Axalta Coating Systems (NYSE: AXTA) has been named exclusive supplier for BMW Group’s private paint label, ColorSystem, in currently 15 European countries plus South Africa. The agreement includes BMW Group’s network of 730 dealerships and collision repair partners. The agreement runs through December 2028 and adds to existing supplier agreements with BMW Group. “The BMW […]
CCC Introduces Integrated Website Builder for Collision Repair Facilities
CCC Intelligent Solutions Inc. (NASDAQ:CCCS) today announced the launch of CCC Amplify, an easy-to-use digital solution that helps collision repair facility operators build and launch customized websites in minutes. Available through the CCC ONE platform, CCC Amplify simplifies the process of creating and maintaining a website by integrating CCC ONE shop information. The solution is […]
Consumer Sentiment Declined in October
The final October results indicate consumers continued to have inflation frustration. Consumer sentiment fell back about 6% this October after inching down slightly for two consecutive months, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 63.8 in the October 2023 survey, down from 67.9 in September and above […]
Caliber Collision Acquires Two Repair Centers in Maryland
FOCUS Investment Banking, the middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced that Auto Body Innovations (ABI), with locations in Upper Marlboro and Owings, Md., has been acquired by Caliber Collision. FOCUS represented Auto Body Innovations in the transaction. ABI’s owners, brothers Keith and Kevin Dick, started out as […]
New-Vehicle Sales Projected to Increase Over 6.6% in October
Record consumer spending is supporting vehicle sales. Total new-vehicle sales for October 2023, including retail and non-retail transactions, are projected to reach 1,201,800 units, a 6.6% increase from October 2022, according to a joint forecast from J.D. Power and GlobalData. October 2023 has 25 selling days, one fewer than October 2022. Comparing the same sales […]
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