Paint, collision repair and glass segment same store sales were up 14%. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue of $562.5 million for the first quarter ended April 1, up 20 percent versus the prior year. System-wide sales were $1.5 billion, up 19 percent versus the prior year driven by 9 percent same-store sales growth […]
AirPro Webinar Features IIHS Research on Consumer Experiences with Crash Avoidance Repairs
AirPro Diagnostics will host a webinar at 2 p.m. (EDT) May 17 featuring David Zuby, Executive Vice President and Chief Research Officer for the Insurance Institute for Highway Safety (IIHS), who will examine consumer experiences with crash avoidance feature repairs. In February, IIHS released the results of research showing seven out of ten consumers reported issues […]
ASE Announces New EV Standards and an EV Testing and Certification Program
The National Institute for Automotive Service (ASE) announced the creation of Electric Vehicle Technician/Shop Personnel Electrical Safety Standards. The purpose of the standards is to provide guidance, document, and establish electrical safety requirements, standards, procedures, and safe work practices relating to the development of an electrically safe working area for service professionals in North America […]
US Light Vehicle Market Heats Up in April with Robust Result Above Pre-Pandemic Levels
Sales up over 10% in April even with one fewer selling day compared to last year. US Light Vehicle sales totaled 1.36 million units in April, according to LMC Automotive, a GlobalData Company. This translates to a year-over year (YoY) gain of 10.2%, a result made all the more impressive by the fact that April […]
Uni-Select Reports First Quarter Sales Up Almost 10%
FinishMaster US segment was up 6.7%. Uni-Select Inc. today reported consolidated sales increased by $39.9 million or 9.7% to $449.5 million in the first quarter ended March 31. Excluding the impact of unfavorable fluctuation of the British pound and the Canadian dollar against the US dollar of $21.6 million or 5.3%, consolidated sales increased by […]
EV Manufacturer VinFast Selects I-CAR for U.S. Collision Repair Network Training
VinFast, the first Vietnamese electric vehicle manufacturer, announced that I-CAR’s Gold Class shop level credentialing will be a requirement for its U.S. repair network. VinFast joins 37 other OEMs and Insurers who also require Gold Class status for their network repair facilities. Gold Class recognition, and the underlying technical training required to achieve such, including […]
Mitchell Announces Data Licensing Agreement with Rivian
Mitchell, an Enlyte company, today announced that it is the first collision industry information provider to sign a data licensing agreement with electric vehicle (EV) manufacturer Rivian. This will allow auto insurers and collision repairers using Mitchell Cloud Estimating and Mitchell Cloud Estimating TruckMax to write damage appraisals and access repair procedures for the OEM’s […]
AIA Canada Announces 2023 Board of Directors and Executive Committee
The Automotive Industries Association of Canada (AIA Canada) announced the election of four new directors to the 2023-2024 AIA Canada Board of Directors, along with further changes to its Board during the 81st Annual General Meeting (AGM) held on May 3. The event was held online as part of ongoing efforts by the Association to […]
Florida Legislature Approves Auto Glass Bill
Legislation to prohibit repair incentives, assignment of benefits and steering sent to Governor. The Florida House of Representatives yesterday voted 103-16 to send auto glass legislation that prohibits repair facilities from offering incentives to customers on insurance claims or the assignment of benefits to a glass claim to Governor Ron Desantis. Florida Senate Bill 1002 […]
Axalta Reports Sales Up 9.4% in First Quarter Compared to Last Year
Refinish sales and volumes both up in the quarter. Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales increased 9.4% year-over-year, and 12.1% excluding the impact of foreign exchange (FX) rates, for the first quarter ended March 31. The strong growth was driven by 9.4% higher average price mix and 2.7% better volumes, offset by a […]
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