GEICO, the largest auto insurer in New York and second largest in the U.S., announced it was expanding operations in Buffalo, N.Y. GEICO plans to hire more than 100 Buffalo associates for additional positions in claims, sales and service. One of the company’s accelerated leadership programs – the Management Development Program (MDP) – is also […]
AASP/NJ Mourns the Loss of James Moy
On Sunday, April 24, the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) and the collision repair industry at large lost a dear friend and supporter with the passing of James Moy at the age of 44 following a motorcycle accident. Moy began his automotive career over 20 years ago as a tow truck […]
Altmaier Appointed Florida Insurance Commissioner
On Friday, April 29, the Financial Services Commission appointed David Altmaier as the new Insurance Commissioner for the Florida Office of Insurance Regulation. Altmaier will succeed Kevin M. McCarty, who has served as the incumbent in this position since 2003. Altmaier has been an employee of the Office since 2008 and most recently served as […]
J.D. Power Study Shows Consumer Interest Builds for Automated Vehicle Technologies
Young consumers are much more trusting in automotive technology. Will help drive acceptance of crash avoidance technology and automated vehicles. Trust in automation technology is very much age dependent, as younger consumers have a notably higher level of confidence in the technology than their older counterparts, according to the J.D. Power 2016 U.S. Tech Choice […]
Axalta Reports Sales Up on Constant Currency Basis
Axalta Coating Systems Ltd. announced its financial results for the first quarter ended March 31, 2016. The company reported net sales of $955.6 million for the first quarter of 2016 increased 3.0 percent year-over-year excluding unfavorable foreign currency translation. Sales decreased 3.4 percent as-reported. Net sales growth was driven by 5.1 percent higher average selling […]
Share of Older Population Holding Driver’s Licenses is Up, Share of Younger Population Down
According to an analysis of Federal Highway Administration, Highway Statistics on the share of population holding driver’s licenses in 1994, 2004, and 2014, all of the age groups under 50 years old had lower shares for 2014 than in 2004, and nearly all of the 2004 shares were lower than in 1994. That trend is […]
Larry Jefferies to Receive AIA Distinguished Service Award
On May 12th, Automotive Industries Association (AIA) of Canada members will have the opportunity to honor industry leader Larry Jefferies, winner of this year’s prestigious AIA Distinguished Service Award. The Distinguished Service Award will be presented at AIA’s Aftermarket Conference for Executives (ACE) being held at the Hotel Omni Mont-Royal, in Montreal, Quebec. Jefferies, co-founder […]
Volvo to Launch Autonomous Driving Trial in London
Volvo Cars announced an ambitious autonomous driving (AD) trial in the U.K. next year to speed up the introduction of autonomous vehicle technology. “Autonomous driving represents a leap forward in car safety,” said Håkan Samuelsson, president and chief executive. “The sooner AD cars are on the roads, the sooner lives will start being saved.” Samuelsson […]
Insurance Associations Oppose Proposed California Collision Repair Labor Rate and Anti-Steering Regulations
Five trade associations representing auto insurers in California are opposing regulations proposed by the California Department of Insurance to regulate labor rate surveys and steering within the largest insurance market in the U.S. Five property casualty insurance trade associations, representing nearly 100 percent of the California auto insurance market offering both commercial and personal auto […]
LKQ Reports 8.3% Revenue Growth in First Quarter
The LKQ Corporation today reported record revenue for the first quarter of 2016 of $1.92 billion, an increase of 8.3 percent as compared to $1.77 billion in the first quarter of 2015. Net income for the first quarter of 2016 was $107.7 million, an increase of 0.6 percent as compared to $107.1 million for the […]