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Wholesale Used-Vehicle Prices Declined in June

July 17, 2023 By CollisionWeek Editor

Prices were down on a monthly and yearly basis. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 4.2% in June from May. The Manheim Used Vehicle Value Index (MUVVI), at 215.1, was also down 10.3% from a year ago. Lower used vehicle prices increase pressure on the number of total losses […]

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

Classic Collision Acquires New Repair Center in Tennessee

July 17, 2023 By CollisionWeek Editor

Classic Collision, LLC announced the acquisition of Dayton Collision Center in Dayton, Tenn., expanding its presence in the state.  “We have been the repair center of choice in Dayton by performing high quality repairs and providing a one-of-a-kind customer service experience. We are thrilled to continue that journey now as Classic Collision,” stated Rich Ritchie […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Tennessee

CAR Coalition Survey Shows Strong Support for Federal Vehicle Right-to-Repair Laws, Choice of Repair Facilities

July 17, 2023 By CollisionWeek Editor

The CAR Coalition, the group of independent automotive parts, management and repair companies, associations, and insurers, released a new survey that it says demonstrates strong support for federal vehicle right-to-repair legislation. The new survey comes as lawmakers are scheduled to hold a hearing on right- to-repair issues on Tuesday, July 18th, in the House Judiciary […]

Filed Under: News Tagged With: CAR Coalition, legislation, Right to Repair, U.S. House of Representatives

Vermont Allows Out-of-State Adjusters and Appraiser in Wake of Major Flooding

July 17, 2023 By CollisionWeek Editor

In response to the State of Emergency declared July 9 by Vermont Governor Phil Scott following heavy rains and anticipated floodings, the Commissioner of the Department of Financial Regulation announced that the Department is allowing property and casualty insurance carriers to use individual adjusters not licensed in Vermont. Guidance on the use of adjusters not […]

Filed Under: News Tagged With: Insurance Department, Vermont

Collision Repair Industry Production Up Over 7% in May Compared to 2022

July 14, 2023 By CollisionWeek Editor

While up year-over-year, production was down from April as hours worked declined. Total employment and number of women employed set new records. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary May collision repair employment, hours worked and wages indicated production was up […]

Filed Under: Research Tagged With: Collision Repair Industry Production, Employment, Wages, Women Employment

Auto Care Alliance Opposes ASA, SCRS and Alliance Right to Repair Agreement Over Enforcement, Lack of Collaboration

July 14, 2023 By CollisionWeek Editor

The Auto Care Alliance announced July 13 it is opposed to the agreement by the Automotive Service Association (ASA), the Society of Collision Repair Specialists (SCRS) and the Alliance for Automotive Innovation announced July 11 on automotive right to repair According to the Auto Care Alliance, a group that includes several former ASA affiliate associations, […]

Filed Under: News Tagged With: Auto Care Alliance, legislation, Right to Repair

July 27 CIECA Examines Collision Industry Challenges Driving the Need for Transparency

July 14, 2023 By CollisionWeek Editor

The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECA Webinar, titled Collision Industry Challenges Driving the Need for Transparency Among Stakeholders, is scheduled for Thursday, July 27 at 2 p.m. (EDT). The one-hour webinar will feature representatives from three stakeholder groups. They include John Eck, head of product, accident assistance, global strategy […]

Filed Under: News Tagged With: Collision Industry Electronic Commerce Association, DCR Systems, General Motors, SPARK Underwriters, Webinars

Jaguar Land Rover and Allianz Partner to Provide Month of Complimentary Insurance on New Vehicles in Europe

July 14, 2023 By CollisionWeek Editor

JLR and Allianz Partners have announced the launch of an embedded insurance program, to enhance the purchasing experience for Range Rover, Defender, Discovery and Jaguar clients across Europe. The new program, Simply Drive, to give clients instant and complimentary to insurance for the first month on new Range Rover, Defender, Discovery and Jaguar purchases. The […]

Filed Under: News Tagged With: Agreements Signed, Allianz, Embedded Insurance, Europe, Jaguar Land Rover

Progressive Reports Personal Auto Policies in Force Down Slightly in June from May

July 13, 2023 By CollisionWeek Editor

Total personal auto policies in force are still up over 14% from last year. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,658,300 in June. June’s policies in force result represents an increase of 14.4% from 17,176,500 in June 2022, but down 0.04% from 19,666,500 in May. Agency personal […]

Filed Under: News Tagged With: Earnings, Net Written Premiums, Policies in Force, Progressive

AASP-MN to Host Night Out with the St. Paul Saints September 19

July 13, 2023 By CollisionWeek Editor

The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced it will host a night out with the St. Paul Saints, Tuesday, September 19th.  The game is at 6:30 p.m. at CHS Field and will feature the St. Paul Saints vs. the Toledo Mud Hens. Prior to the game, AASP-MN member shop Lancer Service in […]

Filed Under: News Tagged With: AASP-MN, Minnesota

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