An accelerating increase in paid claim cost more than offset a continued drop in claim counts, pushing quarterly losses higher for the second consecutive quarter. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the year-over-year rate of decline in quarterly collision coverage claims held steady in […]
LKQ Names Salvatore Abbate CEO
Justin Jude and LKQ Europe chief Andy Hamilton depart as Alvarez & Marsal is retained to advise on European operations. LKQ Corporation (NASDAQ: LKQ) has appointed Salvatore A. “Sal” Abbate, the former chief executive officer of Veritiv Corporation, as its next president and CEO, replacing Justin Jude, who left the company Oct. 23, the same […]
Solera Builds Working AI Prototype in a Day at First Summit for Independent Appraisers and TPAs
Attendees chose a problem in a workshop, and Solera engineers demonstrated a prototype later the same day. Solera brought independent appraisers (IAs) and third-party administrators (TPAs) directly into its product development process at its first IA & TPA Summit, where company engineers used AI-powered development tools to turn an idea chosen by attendees into a […]
BendPak Opens Third Distribution Center in Connecticut
New Milford hub extends two-day delivery to 92% of the U.S. population. BendPak Inc., the Agoura Hills, California-based manufacturer of vehicle lifts and shop equipment, announced Oct. 22 that it has opened a third U.S. distribution center, in Milford, Connecticut. The company said the facility allows it to deliver to 92% of the U.S. population […]
More Than 200 Taiwanese Suppliers to Exhibit at AAPEX 2026
Government-backed showcase puts collision parts, ADAS components and repair equipment in front of U.S. buyers. More than 200 Taiwanese automotive suppliers will exhibit at AAPEX 2026, Nov. 3-5 at the Venetian Expo in Las Vegas, with a government-organized pavilion giving U.S. distributors, retailers and repairers direct access to manufacturers of body parts, lighting, electronics, tools […]
October New-Vehicle Sales Pace Flat at 15.6 Million as Monthly Payments Set October Record
Hybrid share rises to 18.6% while GlobalData trims its 2026 global outlook to 87.9 million units. Total U.S. new-vehicle sales for October 2026 are projected to reach 1,327,100 units, a 0.2% increase from October 2025 after adjusting for selling days, according to a joint forecast from J.D. Power and GlobalData released Oct. 22. The seasonally […]
GEICO Deploys Entegral Platform for Claim Routing and Repair Coordination
Enterprise Mobility’s claims technology unit will support repair-provider selection and appointment communications for the insurer. GEICO is deploying technology from Entegral, the claims platform owned by Enterprise Mobility, to route claims, coordinate repairs and communicate with policyholders about repair appointments under a partnership the companies announced Oct. 22. The insurer will use Entegral’s tools for […]
Protech Automotive Solutions Joins Opus IVS ADAS MAP Pro Network as Premier Calibration Provider
The designation gives Opus IVS customers access to Protech’s national diagnostics, calibration, programming and mobile field services. Opus IVS announced Oct. 21 that Protech Automotive Solutions has joined its ADAS MAP Pro connected provider network as a Premier ADAS Calibration Provider, giving collision repairers that use Opus IVS technology access to Protech’s national diagnostic and […]
Caliber Promotes Erica Paschal to Chief Procurement Officer
New role brings procurement, OE strategy and specialized parts ordering under one executive. Caliber has promoted Erica Paschal to chief procurement officer, effective immediately, giving her oversight of the company’s procurement and supply chain strategy, including its original equipment (OE) strategy and specialized parts ordering functions, the company said. The move puts parts sourcing and […]
AkzoNobel Confirms Plan to Sell European Refinish Business to Win EU Approval of Axalta Merger
AkzoNobel’s CEO said the European refinish sale and Axalta’s North American wood coatings sale are the only remedies regulators have requested. AkzoNobel N.V. confirmed Oct. 21 that it plans to sell its European vehicle refinish business to win European Commission approval of its roughly $25 billion merger with Axalta Coating Systems Ltd., while Axalta plans […]
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