While the rate of decline ticked up slightly from the third quarter, it remained better than the first and second quarter results. Quarterly collision claim counts have been down versus the previous year for eleven consecutive quarters. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the […]
LKQ Reports Q1 Revenue of $3.5 Billion as North America Outperforms Repairable Claims Decline
Used car price gains, near-record alternative parts utilization and easing insurance premiums signal recovery. LKQ Corporation (NASDAQ: LKQ) reported first-quarter revenue of $3.47 billion, up 4.3% from the year-ago quarter, as foreign currency tailwinds and growth in its Specialty segment offset organic declines in North America and Europe. Total parts and services revenue increased 3.6%, […]
PPG Reports First Quarter Sales of $3.9 Billion
Refinish volumes down double digits on comparison to strong first half of 2025, but U.S. claims trends signal earlier recovery. PPG reported first-quarter 2026 net sales of $3.9 billion, up 7% year over year, and said the U.S. automotive refinish market is recovering faster than the company initially expected based on improving collision claims data […]
NHTSA Bans Chinese DTN Air Bag Inflators in First Vehicle Equipment Ban in Over Two Decades
The National Highway Traffic Safety Administration on April 29 finalized a ban on the sale and importation of frontal driver air bag inflators identified by the marking “DTN60DB” and tied to Jilin Province Detiannuo Safety Technology Co., Ltd. of China, the first vehicle equipment ban the agency has ordered in more than two decades. NHTSA […]
Allstate Auto Insurance Underwriting Income More Than Doubles to $1.7 Billion in First Quarter
Market share increased in the quarter year-over-year. The Allstate Corp.’s auto insurance business posted underwriting income of $1.73 billion in the first quarter of 2026, up from $816 million in the prior year quarter, as the recorded combined ratio improved 9.4 points to 81.9 and policies in force grew 2.6%. Premiums written were essentially flat […]
Rosanova Family Adds Edmonton Northgate Location to Fix Auto Canada Network
Fix Network Canada has added Fix Auto Edmonton Northgate to its collision repair network, the latest expansion for the Rosanova family’s multi-shop operation in the province of Alberta’s capital. Owner Mike Rosanova runs several Fix Auto locations in the Edmonton area along with a Speedy Auto Service shop specializing in mechanical repair. Mike’s brother, Max […]
Texas Insurance Department Proposes Auto Appraisal Rule
Proposed rule tightens timelines from last year’s informal draft. The Texas Department of Insurance has formally proposed new rules establishing appraisal-process requirements for personal automobile and residential property insurance disputes, with significant auto-claim provisions, compressing several deadlines and adding new umpire-selection options compared with an informal draft circulated last fall. The proposal, signed April 23 […]
Refinish Distributors Alliance Holds Spring Conference in Tampa
The Refinish Distributors Alliance held its Spring Member Impact Performance Conference April 20-22 at the Westin Tampa Bay in Tampa, Fla., drawing all 19 RDA members along with manufacturer partners and guests. A primary focus of the meeting was the continued rollout of RDA DataNet, a new shared platform that allows vendor partners to contribute […]
Gas Prices Surge 27 Cents to $4.30 as Strait of Hormuz Closure Lifts Crude Above $100
The national average price for a gallon of regular gasoline jumped 27 cents over the past week to $4.30, AAA reported April 30. Pump prices are at their highest level since late July 2022 — $1.12 above the year-ago average and 31 cents higher than a month ago — as crude oil surges back above […]
Triple-I Warns Illinois Senate Bill Would Raise Insurance Costs, Reduce Choice
Insurance group says legislation would limit insurer’s ability to price insurance to reflect costs of coverage. The Insurance Information Institute (Triple-I) said legislation moving through the Illinois General Assembly would likely make property/casualty insurance less affordable and less available for consumers by constraining insurers’ ability to price risk accurately, without addressing the underlying drivers of […]
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