While down, sentiment is 33% above the historic low in June 2022. Consumer sentiment was down slightly for the fourth month in row in July according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 66.4 in the July 2024 survey, down 2.6% from 68.2 in June and 7.1% below […]
Launch Tech USA and CarTechIQ Announce Strategic Partnership for Automotive AI Diagnostic Solutions
Launch Tech USA, a wholly-owned subsidiary of Launch Tech Ltd., and CarTechIQ, Inc., announced a Strategic Partnership to deliver AI-driven automotive diagnostic solutions across North America. This collaboration will integrate CarTechIQ’s patent-pending diagnostic assistant, PredictaFix, into Launch Tech’s premier diagnostic tools, revolutionizing the automotive repair industry. Under this agreement, CarTechIQ will incorporate PredictaFix into Launch […]
LKQ Corporation Announces Second Quarter Revenue of $3.7 Billion
Result is a nearly 8% increase compared to the second quarter last year on impact of acquisitions and divestitures. LKQ Corporation (NASDAQ: LKQ) today reported revenue for the second quarter of 2024 was $3.7 billion, an increase of 7.6% compared to $3.4 billion for the second quarter of 2023. For the second quarter of 2024, […]
Tractable Partners with Saputo Capital Collision
Saputo Capital Collision, a three-location MSO in the province of Ontario, Canada, is partnering with Tractable to use its artificial intelligence (AI) solutions for collision repair. Tractable will be used by Saputo at its insurance carrier-branded collision center at the start of the vehicle intake process for repairable vehicles. Joe Saputo of Saputo Capital Collision […]
UK’s Steer Automotive Group Launches First EV Specific Collision Repair Center
The Steer Automotive Group announced the launch of Steer Electric, the group’s first purpose-built electric vehicle repair location. This new facility at Eastleigh, Hampshire, England is strategically located just off the M27, near the Southampton import docks, providing excellent accessibility and convenience. Steer Electric Eastleigh spans over 14,000 square feet and is designed to accommodate […]
Collision Industry Foundation Board Seat Applications Now Being Accepted
The Collision Industry Foundation (CIF) announced today that the application period for individuals from the Collision Repair Industry to serve on the CIF Board is now open. A board candidate application is available to download from the CIF website. CIF Trustees are volunteers, donating their time and expertise to lead the CIF and to further its […]
July New Vehicles Sales Projected Up on Bounce Following June CDK Global Outage
S&P Global Mobility projects the pace of sales in July is expected to realize a notable boost on delayed sales from June cyberattack on dealer management system provider. S&P Global Mobility projects new light vehicle sales volume in July 2024 to reach 1.32 million units, up approximately 1% year over year. This volume would translate […]
Auto Glass Now Announces Regional Insurance Partnerships in Florida
Auto Glass Now, part of Driven Brands (NASDAQ: DRVN) and the second largest provider of auto glass services in the U.S., continues to execute its strategy to establish and grow relationships with regional insurance providers. Earlier this year, Auto Glass Now added two agencies located in Florida, GreatFlorida Insurance and Pearl Holding Group, as partners. […]
Toyota Research Institute and Stanford Engineering Demonstrate Autonomous Tandem Drift Sequence
AI-powered research demonstrates two vehicles avoiding crashing in dynamic conditions. Toyota Research Institute (TRI) and Stanford Engineering announced a world first in driving research: autonomously drifting two cars in tandem. For nearly seven years, the teams have collaborated on research to make driving safer. The experiments automate a motorsports maneuver called “drifting,” where a driver […]
Robert Guynn named Associate Commissioner for Insurance Fraud and Producer Enforcement in Maryland
Acting Maryland Insurance Administration Commissioner Joy Y. Hatchette announced the appointment of Robert E. Guynn as associate commissioner for insurance fraud and producer enforcement for the Maryland Insurance Administration. Guynn will oversee the Administration’s Insurance Fraud and Producer Enforcement Division, which investigates and prosecutes civil and criminal insurance fraud committed by insurance companies, producers (agents […]
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