Verisk reports say gig-economy commercial auto risk and targeted auto theft reshaping loss patterns Personal auto claims volume declined nearly 3% in 2025, extending a two-year slide, according to Verisk’s annual insurance claims trends report released April 14. The drop follows a roughly 5% decrease in 2024. The Verisk data surfaces two trends beyond the […]
AkzoNobel to Sell Pakistan Subsidiary to Packages Group in €50 Million Deal
AkzoNobel has signed an agreement to sell Akzo Nobel Pakistan Limited to IGI Investments (Pvt.) Limited, part of Pakistan-based conglomerate Packages Group, in a transaction valued at 16.2 billion Pakistani rupees, or €50 million ($58.9 million). The deal represents an EV/EBITDA multiple of 14x. The Pakistan divestment is the next move in AkzoNobel’s strategic portfolio […]
AIA Canada Names Three New Directors, Installs Fountain Tire CEO as Chair
The Automotive Industries Association of Canada elected three new directors to its board and installed Fountain Tire CEO Jason Herle as chair during the association’s 84th annual general meeting, held virtually April 16. The incoming directors are Daryll O’Keefe, vice president of North American strategic business development at Fix Network; Sabrina Thring, brand president of […]
Three Sentenced in California “Operation Bear Claw” Insurance Fraud Scheme
Three Los Angeles, Calif.-area residents have been sentenced for their roles in an insurance fraud scheme that used a person in a bear costume to stage fake animal attacks on luxury vehicles, the California Department of Insurance announced April 16. The defendants submitted claims to three different insurers for interior damage to a 2010 Rolls […]
Dealership Body Shop Sales Hit Record $8.08 Billion in 2025
The percentage of dealers operating collision repair facilities resumed a multi-year slide after a one-year pause, while total sales reached a new high. The total auto body work performed by U.S. franchised new-vehicle dealerships rose to a record $8.08 billion in 2025, an increase of 2.8% from $7.86 billion in 2024, according to the latest […]
Illinois House Unanimously Passes Auto Glass ADAS Calibration Bill
Bill now moves to the Senate. The Illinois House of Representatives passed House Bill 4373, the Motor Vehicle Glass Repair Act, in a unanimous 110-0 vote on April 14, sending legislation that would require auto glass shops to disclose ADAS status and document calibration outcomes to the state Senate. The bill arrived in the Illinois […]
PPG Begins Global Price Hikes of Up to 20% Across Coatings Portfolio
PPG has begun raising prices by up to 20% on its paints, coatings and specialty products worldwide including automotive refinish, citing sharp cost inflation for raw materials, energy, logistics and packaging across the coatings supply chain. The Pittsburgh, Pa.-based coatings maker, which reported net sales of $15.9 billion in 2025, said April 15 that the […]
Gas Prices Edge Lower as U.S.-Iran Ceasefire Pulls Crude Below $100
The national average price for a gallon of regular gasoline fell 7 cents over the past week to $4.09, the first weekly decline since Middle East conflict began driving pump prices sharply higher in early March, AAA reported April 16. West Texas Intermediate crude oil has continued to trade below $100 a barrel following the […]
Caliber Launches 15th Annual Food Drive with Goal of 8.5 Million Meals
Caliber launched its 15th annual nationwide food drive, setting a goal of 8.5 million meals to support more than 215 food banks across the United States. The campaign runs from April 13 through May 29 at all Caliber Collision locations and online at CaliberFoodDrive.com. The company is accepting both non-perishable food and monetary donations. The […]
U.S. Traffic Volume Up in February Compared to 2025
Rolling 12-month traffic at record levels. First two months up year-over-year. Traffic volume in February was up in the U.S. overall even as winter weather events impacted travel in some regions. Travel for the month of February is estimated at 245 billion vehicle miles nationwide according to the most recent data released by the Federal […]
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