Prices remain above year-ago levels Wholesale used-vehicle prices declined in July, pulling the Manheim Used Vehicle Value Index down to 210 on a mix-, mileage- and seasonally adjusted basis, Cox Automotive reported Aug. 7. The index finished 1.4% below June and 1.3% above July 2025, a year-over-year gain that narrowed from 2.1% a month earlier. […]
GEICO Second-Quarter Underwriting Earnings Fall 45.4% as Claim Frequency Increases Accelerate
Property damage and collision claim frequencies rose in the 3% to 5% range through the first six months of 2026, widening the reversal that began in the first quarter. GEICO’s pre-tax underwriting earnings fell to $994 million in the second quarter of 2026, down $827 million, or 45.4%, from $1.821 billion in the second quarter […]
AASP/NJ Sets Two Free August Webinars on Business Transition, TPMS and Alignment
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) will hold two free webinars for members in August: an Aug. 19 session on business transition and succession planning and an Aug. 26 session on turning tire pressure monitoring and wheel alignment work into recurring revenue. The pair carries AASP/NJ’s mechanical-side education into the summer, […]
Mountain Lions Reduce Deer-Vehicle Collisions by Up to 76%
Puma presence on Washington’s Olympic Peninsula was associated with a 76% reduction in the expected number of deer-vehicle collisions over a five-year period, according to research published Aug. 5 in the Cell Press journal Current Biology. Researchers led by Justin Suraci of Conservation Science Partners analyzed detections from 503 camera trap sites and GPS collar […]
New Light-Vehicle Sales Slip 1.4% in July, Ending Two-Month Run of Gains
The 16.33 million-unit selling pace fell short of projections, though NADA left its full-year outlook at 16.0 million units. New light-vehicle sales reached a seasonally adjusted annual rate (SAAR) of 16.33 million units in July 2026, down 1.4% from July 2025, according to the latest National Automobile Dealers Association (NADA) Market Beat report authored by […]
GEICO Files Two More Florida Auto Rate Decreases Covering 1.3 Million Drivers
GEICO has filed two additional auto insurance rate decreases in Florida that will lower premiums for more than 1.3 million customers in the state, the insurer said Aug. 6. The filings give GEICO three Florida rate reductions in the past year. The company said it has cut annual premiums for Florida drivers by more than […]
Driven Brands Reports Second Quarter Revenue of $507.4 Million
Company says collision network outperforms a soft repair industry by about 200 basis points while Maaco stays under pressure. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA and paint franchise Maaco, on Aug. 6 reported second quarter revenue increased 6.8% to $507.4 million, with […]
Illinois Governor Signs Auto Insurance Rate Review Law Over Insurance Industry Objections
Three trade associations warn of higher premiums and fewer coverage options as new law takes effect July 1, 2027. Illinois Gov. JB Pritzker signed legislation Aug. 4 giving the Illinois Department of Insurance authority to challenge automobile insurance rate filings it determines are excessive, inadequate or unfairly discriminatory, drawing a joint statement of opposition from […]
Assurity Certified Solutions Schedules AI-Focused Certified Collision Conference
Nashville event will be held September 30-October 2. Assurity Certified Solutions will hold its 2026 Certified Collision Conference Sept. 30 through Oct. 2 at the Gaylord Opryland Resort in Nashville, Tenn., a three-day program for OEM-certified collision repair facilities built around artificial intelligence. The conference is built around the premise that artificial intelligence is already […]
ASE Connects, Snap-on Launch Back-to-School Giveaway for Instructors
ASE Connects and Snap-on will award tool prizes and gift cards to four schools this fall, with entries due Oct. 2. Three schools will receive $250 Snap-on gift cards, and a grand prize winner will receive a Snap-on cart and tool set valued at more than $11,000. The giveaway is open to high school and […]
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