Classic Collision, LLC announced the acquisition of Affordable Body Shop in Panama City, Fla. Affordable Body Shop has been the top choice in the Florida Panhandle for years, providing repairs, guiding customers through every step, and ensuring exceptional satisfaction. Classic Collision, founded in 1983 in Atlanta, Georgia, operates 316 collision repair facilities nationwide.
ProColor Collision Adds Repair Facility to Network in California
Guadalupe Lara and Marco Fernandez have transitioned their Modesto body shop, formerly known as Luxury Collision Center to the ProColor Collision brand. ProColor Collision Modesto, located at 1216 6th Street will continue the growth plan for their family-owned auto shop business, which has served the greater Modesto area for four years. “As we looked at […]
Nexterra Partners with CSN Collision to Extend Choice Repair Network Referral Program
Nexterra Solutions, LLC announced today the alignment of its auto physical damage service divisions. With the Nexterra Solutions umbrella launch, the firm now provides a highly scalable, diverse and customizable suite of claims and auto repair management solutions. These services are provided to insurers, automotive dealerships, fleet operators, rideshare companies, OEMs, and MSO companies through […]
State Farm Reports Improved 2024 Financial Results Amid Continued Underwriting Losses
Auto insurance business sees significant improvement as underwriting losses narrow compared to 2023. State Farm reported net income of $5.3 billion in 2024, a sharp turnaround from the $6.3 billion net loss in 2023. Despite continued underwriting losses in its auto and homeowners insurance businesses, the property and casualty (P-C) group of companies benefited from […]
AASP/NJ’s 5th Annual Young Technician Award Nomination Deadline Today
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) is reminding the industry that the deadline to submit nomination for its 5th Annual Young Technician of the Year Award is today, March 3. The award will be presented at 2 p.m. Saturday, March 15 at the 48th Annual NORTHEAST 2025 Automotive Service Show that […]
Applications for ASE Chairman’s Scholarship Now Accepted
Applications are now being accepted for the ASE Chairman’s Scholarship for the 2025-26 academic year. To be considered, interested students must apply by March 31. Qualified applicants should be a graduating high school senior, have graduated from high school or received a GED certificate. In addition, applicants should be enrolled or planning to enroll as […]
Axalta Acquires Three Distributors in Europe
Will become part of Axalta Axcess, its European direct-to-customer sales and distribution network. Axalta announced in February the acquisition of three distributors in Europe, which will become part of the Axalta Axcess network. Axalta Axcess is Axalta’s direct-to-customer sales and distribution solution designed to make ordering, delivery and aftersales support for European customers convenient, reliable […]
Liberty Mutual Insurance to Sell Thailand and Vietnam Operations to Chubb
Liberty Mutual Insurance has agreed to sell its operations in Thailand and Vietnam to Chubb Limited. Terms of the deal have not been disclosed. Thailand is expected to close by the second quarter of 2025 and Vietnam is expected to close in 2026, subject to certain closing and regulatory conditions. The sale includes LMG Insurance […]
Boyd Group Unveils Five-Year Growth Strategy Targeting $5 Billion Revenue
Plan calls for increasing market share from 6 to 10% in 2029 of $50 billion collision repair industry. Boyd Group Services Inc. (TSE: BYD) announced an ambitious five-year strategic plan aimed at significantly expanding its market presence and profitability through 2029. The company, which currently holds the second position in the highly fragmented collision repair […]
Solera Partners with National Independent Automobile Dealers Association
Solera has announced a partnership with the National Independent Automobile Dealers Association (NIADA) aimed at helping independent dealerships improve efficiency, manage risk, and address workforce shortages. Through the collaboration, NIADA members will gain access to Solera’s technology solutions, which use automation, artificial intelligence, and data-driven analytics to streamline dealership operations. The tools are designed to […]
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