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Dealership Body Shop Sales Above Pre-Pandemic Levels in 2023

April 8, 2024 By CollisionWeek Editor

While dealership body shop sales increased, the percentage of dealers operating collision repair facilities continued to decline. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealerships operating on-site body shops was down in 2023, the sixth year in a row of declines versus the previous year. NADA’s research […]

Filed Under: Research Tagged With: National Automobile Dealers Association, Shop Population

Crash Champions Acquires Three Collision Repair Centers in Oregon

April 8, 2024 By CollisionWeek Editor

Crash Champions announced the acquisition of Oregon-based Premier Auto Body and its three locations. Premier Auto Body serves the communities of Bend and Redmond, Oregon, with certified collision repair service and will transition operations to Crash Champions effective immediately. “This is a continuation of our steady, strategic growth plan and represents yet another quality addition […]

Filed Under: News Tagged With: Acquisitions, Crash Champions, Oregon

I-CAR Kicks Off 45th Anniversary Celebration

April 8, 2024 By CollisionWeek Editor

The non-profit training organization has served the collision repair industry since 1979. The Inter-Industry Conference on Auto Collision Repair (I-CAR) is kicking off a year-long celebration of 45 years of collaboration on behalf of the collision repair industry. Established in 1979 in response to the increasing complexity of modern vehicles, I-CAR provides educational programming, technical […]

Filed Under: News Tagged With: I-CAR

Thatcham Research and Chery Automobile Partner on Insurability in Vehicle Design

April 8, 2024 By CollisionWeek Editor

UK-based Thatcham Research announced a strategic partnership with Chery Automobile Co., Ltd, one of China’s leading vehicle manufacturers on vehicle insurability and repair procedure production. Signed in Wuhu, China, the agreement continues Thatcham’s mission to integrate repairability into early-stage vehicle design. According to the organization, the new partnership represents a pivotal shift towards a more […]

Filed Under: News Tagged With: Agreements Signed, Automobile Design, Chery Automobile, China, Europe, OEM Repair Procedures, Thatcham Research, United Kingdom, Vehicle Insurability

Five of the Top 10 U.S. Auto Insurers Grew Market Share in 2023

April 5, 2024 By CollisionWeek Editor

Auto insurance premiums earned up over 12% last year. Total direct premiums earned on private passenger auto insurance were $303.5 billion in the U.S. in 2023, up 12.3% from 270.3 billion in 2022 according to data released March 18 by the National Association of Insurance Commissioners (NAIC). In comparison, during 2022, earned premiums were up […]

Filed Under: Research Tagged With: Auto Insurance, National Association of Insurance Commissioners, Premiums

March Light Vehicle Sales Rate Up 3.8% in U.S. Compared to 2023

April 5, 2024 By CollisionWeek Editor

Sales rate up 7% for the full quarter. According to the National Automobile Dealers Association (NADA) Market Beat report, the March 2024 new light-vehicle sales seasonally adjusted annual rate (SAAR) was 15.5 million units—an increase of 3.8% compared with March 2023. March saw the highest raw sales volume for all of the first quarter 2024, […]

Filed Under: News Tagged With: National Automobile Dealers Association, New Vehicle Sales

CAWA Calls for Members to Write Congress in Support of Right to Repair Act

April 5, 2024 By CollisionWeek Editor

CAWA, the non-profit trade association representing automotive parts manufacturers, jobbers, warehouse distributors, retailers and program groups, issued a call to action to its members asking them to write legislators in support of H.R. 906, the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act. The legislation is currently under consideration by the U.S. House […]

Filed Under: News Tagged With: CAWA, legislation, Right to Repair, U.S. House of Representatives

Collin Shaw Assumes Leadership of MEMA Original Equipment Suppliers

April 5, 2024 By CollisionWeek Editor

The Vehicle Suppliers Association (MEMA) announced Collin Shaw has officially assumed the role of president of MEMA’s Original Equipment Suppliers group, succeeding Julie Fream who served for 10 years in the position. Shaw’s commencement provides a continuation of leadership that ensures MEMA’s support of the supplier community’s evolution towards embracing emerging trends and strategies that […]

Filed Under: News Tagged With: Motor & Equipment Manufacturers Association, People

Hertrich Acquires New Collision Repair Center in Lewes, Delaware

April 4, 2024 By CollisionWeek Editor

The Hertrich Family of Automobile Dealerships announced the acquisition of the Lewes Body Works Collision Center in Lewes, Del. Lewes Body Works has been a fixture of the community since 1982. This will be the second Hertrich Collision Center in Lewes located just 3 miles from Hertrich Collision Center of Lewes at 16271 Willow Creek […]

Filed Under: News Tagged With: Acquisitions, Delaware, Hertrich

Fenix Parts Completes Acquires California Auto Recycler

April 4, 2024 By CollisionWeek Editor

Fenix Parts announced it has completed its acquisition of Green Auto Parts & Recycling in Sun Valley, Calif. The Company also announced Edgar Akopyan will be joining Fenix Parts as the Director of Business Development, Southern California. Green is a full-service automotive recycler servicing the Los Angeles market. This is Fenix Parts’ first acquisition in […]

Filed Under: News Tagged With: Acquisitions, California, Fenix Parts, People

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