S&P Global Market Intelligence reported that GEICO has recently begun submitting personal auto rate filings in several states that offer a “Welcome Factor” discount to new customers. The plan offers a temporary discount that applies to new policyholders and would be phased out in each subsequent renewal period. The discount first appeared in its Virginia […]
New Vehicle Sales Projected to Rise in March Compared to Last Year
Total new-vehicle sales for March 2024, including retail and non-retail transactions, are projected to reach 1,525,700 units, a 12.1% increase from March 2023, according to a joint forecast from J.D. Power and GlobalData. March 2024 has 27 selling days, the same as March 2023. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is […]
State Farm’s Jeff Kinsey Elected HLDI Board Chair
Jeff Kinsey, assistant vice president and actuary at State Farm Insurance Companies, has been elected chair of the Highway Loss Data Institute (HLDI) Board of Directors. Kinsey takes over from Stefanie Zacchera, vice president of personal lines data and analytics at The Hartford, who remains on the Board. “There is no better time than now […]
EPA Slows EV Transition in Final Emission Rule
Following criticism of 2023 proposal, EPA changes emissions requirements to allow manufacturing supply chains to scale while keeping overall emission reduction requirement. Yesterday, the U.S. Environmental Protection Agency (EPA) announced its final national pollution standards for passenger cars, light-duty trucks, and medium-duty vehicles for model years 2027 through 2032 and beyond. The final rule modifies […]
Jay Tannenbaum Named CEO at Headlights.com
Executive team changes announced. Headlights.com, the alternative lighting supplier to the collision repair industry and a Kinderhook portfolio company, announced the appointment of Jay Tannenbaum as its new Chief Executive Officer (CEO). Tannenbaum brings a wealth of experience and a proven track record of success to his new role as CEO of Headlights.com. Tanenbaum’s extensive […]
ASE Designates June as Automotive Service Professionals Month
The National Institute for Automotive Service Excellence (ASE) has designated June 2024 as Automotive Service Professionals Month (ASPM). In honor of ASPM, ASE has created a commemorative logo that is available for use by companies, organizations and individuals to acknowledge and pay tribute to vehicle service professionals. The logo, along with other ASE digital assets, […]
Lyndee Brassieur Appointed Vice President, Environment, Health and Safety at PPG
PPG (NYSE: PPG) announced that Lyndee Brassieur, currently global director, industrial segment operations, specialty coatings and materials (SCM), has been named vice president, environment, health and safety (EHS), effective April 1, 2024. She will report to Ram Vadlamannati, senior vice president, operations. Brassieur succeeds Mark Cancilla, who retired from PPG, effective March 1, 2024. In […]
Boyd Group Reports Sales of $2.9 Billion in 2023
Overall sales were up 21.1% compared to 2022. Added 106 new locations during the year. Boyd Group Services Inc. (TSE: BYD) today announced sales increased by 21.1% to $2.9 billion, up from $2.4 billion in 2022. Same-store sales increased 15.8% during the year. Fiscal 2023 recognized one less selling and production day when compared to […]
ASA Supports Federal Youth Apprenticeship Advancement Act
The Automotive Service Association (ASA) announced the U.S. Senate Committee on Health, Education, Labor & Pensions (HELP), Subcommittee on Employment & Workplace Safety held a hearing to examine the value that youth apprenticeship programs provide to employers and the general public. The hearing also looked at the problems that inhibit the positive impact of these […]
Record 1.2 Million Electric Vehicles Sold in U.S. Last Year
Sales projected to set new record this year. A record 1.2 million U.S. vehicle buyers chose to go electric last year, according to estimates from Kelley Blue Book, a Cox Automotive company. More specifically, 1,189,051 new electric vehicles (EVs) were put into service as the slow shift to an electrified future continued unabated. In 2023, […]
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