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Collision Claims and Losses in Fourth Quarter Down Compared to 2022

May 10, 2024 By CollisionWeek Editor

Quarterly claims were down for the third quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims is over as claims on a quarterly basis were down for three consecutive quarters compared to the […]

Filed Under: Research Tagged With: Claims, Earned Car Years, Losses

LKQ Corporation to Sell Elit Polska in Poland to MEKO AB

May 10, 2024 By CollisionWeek Editor

LKQ Corporation (Nasdaq: LKQ) announced that it has entered into a definitive agreement to sell Elit Polska, a Poland-based distributor of automotive parts, consumables and workshop equipment to MEKO AB. The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Elit […]

Filed Under: News Tagged With: Acquisitions, Europe, LKQ Corporation, Poland

PPG Receives American Chemistry Council Sustainability Leadership Award

May 10, 2024 By CollisionWeek Editor

PPG (NYSE:PPG) announced that it has received an American Chemistry Council (ACC) 2024 Sustainability Leadership Award for an automotive OEM electrocoat that lowers energy use and emissions. The award recognizes exemplary products, technologies and initiatives that help advance sustainability. PPG Enviroprime EPIC 300 electrocoat cures at lower temperatures than previous ecoat technologies, helping reduce greenhouse […]

Filed Under: News Tagged With: Awards, PPG Industries

MEMA Opposes Three New Biden Administration Labor Regulations

May 10, 2024 By CollisionWeek Editor

MEMA announced it has joined with other business groups in opposing three new final rules altering major employer/employee relationships released by the Biden administration has announced.  these rules and will keep you updated on any developments. The rules include recently announced rules by the Federal Trade Commission (FTC) to ban on virtually all employee noncompete […]

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

Wholesale Used-Vehicle Prices Continued to Decline in April

May 9, 2024 By CollisionWeek Editor

Manheim reports wholesale prices were down both month-over-month and year-over-year. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were down in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) fell to 198.4, a decline of 14.0% from a year ago. The seasonal adjustment to the index magnified the results […]

Filed Under: News Tagged With: Manheim Wholesale Used Vehicle Price Index, Wholesale Used Vehicle PRices

Crash Champions Expands Luxury and EV Certified Repair Line with California Acquisition

May 9, 2024 By CollisionWeek Editor

Crash Champions today announced the expansion of Crash Champions Luxe | EV Certified, a premium line of service specializing in electric vehicle (EV) and luxury OEM factory-certified repairs.  The announcement follows the organization’s acquisition of DC Autocraft, a collision repair center specializing in luxury factory-certified and EV repairs in Burbank, Calif. The acquisition finalized on […]

Filed Under: News Tagged With: Acquisitions, California, Crash Champions, Electric Vehicles, OEM Certification

2024 ALI Lifting Points Guide Covers 20 Years of Data in Print or Online

May 9, 2024 By CollisionWeek Editor

One of the most important steps when using a frame-engaging car lift like a two-post lift is to position the lift adapters only at the OEM-recommended lifting points. Failing to follow this guidance and instead guessing where to position the adapters may result in the vehicle getting damaged or falling from the lift. To help […]

Filed Under: News Tagged With: Automotive LIft Institute, Safety

Imports Top National Insurance Crime Bureau List of Most Stolen Vehicles

May 9, 2024 By CollisionWeek Editor

Kia and Hyundai vehicles experienced the highest theft rates in 2023, breaking the years-long trend of full-size pickups topping the list, according to a new report issued by the National Insurance Crime Bureau (NICB), the insurance industry’s association dedicated to preventing and prosecuting insurance crime and fraud. Social media trends highlighting how to steal these […]

Filed Under: News Tagged With: National Insurance Crime Bureau, Vehicle Theft

State Farm to Test Mitchell Estimating in Ohio

May 8, 2024 By CollisionWeek Editor

Some of State Farm’s Select Service collision repair centers in the state will test the Mitchell platform for estimating and source parts. State Farm announced in an email May 7 to its Select Service collision repair centers in Ohio that it will begin testing the use of the Mitchell estimating platform for writing estimates and […]

Filed Under: News Tagged With: electronic parts ordering, Estimating Systems, Mitchell International, Ohio, State Farm

Study Says One in Five Retail Vehicle Sales YTD Have Electrified Powertrain in U.S.

May 8, 2024 By CollisionWeek Editor

Urban Science, the global automotive consultancy and technology firm, released a proprietary electric vehicle (EV) sales microstudy rooted in the firm’s industry sales data, which is updated daily, delivering a science-driven overview of the EV sales landscape in the U.S. The microstudy includes detailed 2024 sales insights through April 30, for the battery electric vehicle […]

Filed Under: News Tagged With: Electric Vehicles, New Vehicle Sales, Urban Science

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