Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses, according to the Insurance Information Institute (Triple-I). “Auto insurers’ 2023 net combined ratio of 104.9 is 7.3 points better than 2022. Additionally, 2023 net written premium growth of 14.3% is the highest in over […]
USDOT Finalizes Fuel Economy Standards for Model Years 2027-2031
The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) issued its final rule on vehicle fuel economy standards. Under the final rule, fuel economy will increase 2% per year for model years 2027-2031 for passenger cars, while light trucks will increase 2% per year for model years 2029-2031. These increases will bring the […]
Collision Repair Industry Production Sets New Record in March
Production in March was up month-over-month and year-over-year. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary March collision repair employment, hours worked and wages indicated production set a new record, up compared to February and March 2023. February production had tied the […]
ASA Urges Passage of Pro-Auto Repairer Bill in Michigan
Association asks Michigan residents to contact their legislators to support Michigan Senate Bill 867 that would reduce regulatory burdens. The Automotive Service Association (ASA) is urging state lawmakers in Michigan to pass Senate Bill (SB) 867. Michigan residents can contact their state representative and senator to request that they support the bill through an online form. […]
Collision Repair Education Foundation Awards Over $235,000 in Scholarships and Tool Grants
The Collision Repair Education Foundation (CREF) announced that over $235,000 in 2024 scholarships and tool grants have been awarded to 90 collision repair students across the country. The Foundation also noted that this year’s recipients look a little different than they have in the past – for the first time, over two-thirds of the students […]
Virginia Will Exit California Electric Vehicle Mandate at End of Year
Virginia Governor Youngkin announced the end of the California electric vehicle mandate in Virginia, effective at the end of 2024 when California’s current regulations expire. An official opinion from Attorney General Jason Miyares in response to a request by the Governor and Senate Republican Leader Ryan McDougle confirms that Virginia is not required to comply […]
Honda Announces Production Launch of Fuel Cell Electric Vehicle
Launch of first production fuel cell electric vehicle in the U.S. uses fuel cell produced by Honda and GM joint venture. Honda celebrated the start of production of the first production fuel cell electric vehicle (FCEV), the all-new 2025 Honda CR-V e:FCEV, at the Performance Manufacturing Center (PMC) in Marysville, Ohio. The CR-V e:FCEV is […]
Quality Collision Group Acquires Collision Repair Center in San Diego Market
Quality Collision Group (QCG) announced the acquisition of Philip Thearle’s Autowerks Collision Center of Santee, Cal. Since 1983, Thearle has operated the brand with a focus on superior quality and ‘collision restoration,’ a term he began using to describe virtually undetectable repairs. On joining QCG, Philip Thearle said, “We raised the bar in this industry […]
B&R Auto Acquires Nevada Auto Recycler
B&R Auto, the provider of recycled automotive parts and a portfolio company of Highview Capital, LLC, announced the acquisition of Reno Auto Wrecking. This acquisition significantly enhances B&R’s presence in Nevada, further strengthening its delivery network and complementing previous strategic acquisitions in Arizona and Oregon. Operating two locations in the Reno market, Reno Auto is […]
LKQ Corporation Announces LKQ Refinish Division
LKQ Corporation (NASDAQ: LKQ) announced the merging of the LKQ PBE and FinishMaster businesses under one umbrella now called LKQ Refinish. The LKQ Refinish division is a distribution leader in the US automotive and commercial industries, servicing over 40,000 customers within North America. Over the years, the LKQ Refinish division has expanded through acquisitions of […]
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