University of Michigan reports sentiment increased 2.3 index points from November in early December, though index remains 28% below year-ago levels. Consumer sentiment rose modestly in early December, climbing 2.3 index points from November, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index reached 53.3 in early December, up 4.5% from […]
New Vehicle Sales Down 5.5% in November as Pull-Ahead Buying Effects Continue
Second consecutive month of year-over-year decline follows surge in early 2025 buying ahead of tax credit expiration and tariff-related price increases. New light-vehicle sales reached a seasonally adjusted annual rate (SAAR) of 15.6 million units in November 2025, marking a 5.5% decline from the same month last year, according to the National Automobile Dealers Association […]
State Insurance Regulators Oppose Federal AI Moratorium, Cite Risk to Claims Operations
State insurance regulators have urged Congress to reject proposals for a federal moratorium on artificial intelligence regulation, warning that overly broad definitions could disrupt routine insurance operations including claims processing and underwriting. The National Association of Insurance Commissioners (NAIC) sent a letter yesterday to Senate and House leadership opposing any federal moratorium on state legislative […]
North Carolina Man Sentenced for Selling Dangerous Counterfeit Car Airbags
The U.S. Attorney’s Office for the Eastern District of North Carolina announced Wednesday, that on September 30, a federal judge sentenced a Raleigh, N.C. man to one year and a day for importing and selling thousands of counterfeit car airbags into the Raleigh area over the past two years. The defendant, Mateen Mohammad Alinaghian, 31, […]
PPG to Offer Digital Color-Matching Software for Commercial Vehicle Coatings
PPG Industries Inc. (NYSE: PPG) announced today that it will make its VisualizID software available for Delfleet Evolution commercial vehicle coatings in the United States and Canada. The software allows users to view, compare and select color variants digitally, eliminating the need for physical color tools in commercial vehicle repair facilities. “Adding PPG VisualizID software […]
Trump Administration Proposes Rollback of Fuel Economy Standards
Administration says proposal will improve the affordability of new, safer vehicles. The Trump Administration on Wednesday unveiled a proposed rule to reset federal fuel economy standards, setting fleet-wide targets at 34.5 miles per gallon by model year 2031 and eliminating a credit trading system the administration says created an electric vehicle mandate. The proposed rule […]
LKQ Exploring Sale of Specialty Segment
LKQ Corporation (NASDAQ: LKQ) today announced that it has commenced a process to explore the potential sale of its Specialty segment. “Our Specialty segment is a leading distributor of automotive, RV and marine parts and accessories in North America. It is a strong business supported by an exceptional team. To unlock its full potential, we […]
Driven Brands Collision Group Reaches $6 Million Milestone in Cystic Fibrosis Fundraising
The Driven Brands Collision Group announced it has raised more than $6 million for cystic fibrosis research, care and advocacy. The company’s collision repair brands — Abra, CARSTAR and Fix Auto USA — have collected the funds over more than 25 years through car washes, golf tournaments, car shows, barbecues, charity walks, garage sales and […]
National Gasoline Average Dips Below $3 a Gallon for First Time in 4 Years
The national average price for regular gasoline dropped below $3 a gallon this week for the first time in four years, according to AAA. The average price stood at $2.99 as of Wednesday, down from $3.03 a week ago. The last time the national average reached $3 or below was May 2021. Lower crude oil […]
WIN Scholarship Fundraiser Generates $6,500 for Collision Repair Students
Record 40 students received awards through partnership with Collision Repair Education Foundation. The Women’s Industry Network raised more than $6,500 through its annual scholarship walk and an extended team competition fundraiser, the organization announced today. The fundraising effort combined WIN’s traditional scholarship walk, held at the organization’s annual conference in May, with an extended program […]
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