Seasonally adjusted wholesale prices declined on both a month-over-month and year-over-year basis. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were down in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.1, a decline of 14.7% from a year ago. The decline in the index was driven […]
Crash Champions Acquires Collision Repair Center in Tampa, Florida Market
Crash Champions announced the acquisition of Buddy Foster Collision and Towing in Zephyrhills, Florida. Buddy Foster Collison and Towing is transferring operations to Crash Champions effective immediately. “Crash Champions is proud to continue growing our service across the state of Florida and the greater Tampa market,” said Matt Ebert, Crash Champions Founder and CEO. “This […]
ASE Education Foundation Seeking Nominations for 2024 Byrl Shoemaker Instructor of the Year Award
Applications are now being accepted for the 2024 Byrl Shoemaker/ASE Education Foundation Instructor of the Year. The award recognizes a high school or college instructor from an ASE accredited automotive, diesel/truck or collision repair program who demonstrates excellence through their personal dedication and commitment to the young men and women who have chosen to pursue […]
CCC Sets Vision to Make Life Just Work for Customers and Millions of Consumers Involved in Auto Claims and Collision Repairs
CCC Intelligent Solutions (NASDAQ: CCCS) announced its technology-backed vision to power the next evolution of the industry, shaping a world where Life Just Works for customers and the millions of their consumers involved in auto claims and repairs each year. CCC is an industry and technology leader with an unmatched history of innovating with and […]
Dealership Body Shop Sales Above Pre-Pandemic Levels in 2023
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 […]
Crash Champions Acquires Three Collision Repair Centers in Oregon
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 […]
I-CAR Kicks Off 45th Anniversary Celebration
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 […]
Thatcham Research and Chery Automobile Partner on Insurability in Vehicle Design
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 […]
Five of the Top 10 U.S. Auto Insurers Grew Market Share in 2023
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 […]
March Light Vehicle Sales Rate Up 3.8% in U.S. Compared to 2023
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, […]
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