S&P Global Mobility reports aging trend continues as new vehicle sales remain under pressure. Number of passenger cars to hit lowest point since 1978. With more than 284 million vehicles in operation (VIO) on U.S. roads, the average age of cars and light trucks in the US has risen again this year to a new […]
VinFast Selects Fixico for European EV Body Repair Network and Aftersales Infrastructure
VinFast, Vietnam’s first global manufacturer of battery-powered electric vehicles (EVs), has selected Fixico for its European body repair network and scalable EV aftersales service management platform. By partnering with Fixico, VinFast offers customers access to a network of 3,000+ body repair shops across Europe. Under the European collaboration agreement, the service will be initially available […]
Toyota Research Institute Invests Over $100M in Collaborative Research Program with U.S. Universities
Partnerships with MIT, Stanford, Columbia, and others address some of the world’s greatest challenges, including aging society, climate change, and human understanding. The Toyota Research Institute (TRI) announced the latest results of its collaborative research program with U.S. academic institutions. This initiative has funded $100M of research and generated over 1250 paper submissions since its […]
AASP/NJ Awarded $5,000 to Northeast Trade Show Attendees
For the second year in a row, the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) awarded $5,000 ($500 each) to 10 lucky attendees who were randomly selected throughout the weekend to win the funds toward a purchase at the association’s flagship event. The contest is a win-win for all involved including show-goers, exhibitors […]
Nominations Open for TechForce’s 2023 Techs Rock Awards
Five professional transportation/mobility technicians to be recognized nationally for outstanding contributions as role models in their shops and communities. TechForce Foundation’s 5th annual Techs Rock Awards season begins today. TechForce created these awards to honor professional technicians who are full of passion and grit, exhibit true excellence in their work and inspire the next generation […]
Wholesale Used-Vehicle Prices Decline in April
After increasing during the first quarter, prices were down both month-over-month and year-over-year. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, decreased 3.0% in April from March. The Manheim Used Vehicle Value Index (MUVVI) dropped to 230.8, down 4.4% from a year ago. “While values increased 8.6% through the first quarter from […]
Uni-Select Obtains Antitrust Clearance in U.S. and Canada for its Acquisition by LKQ
Uni-Select Inc. (TSE:UNS) announced that the required waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced plan of arrangement under the provisions of the Québec Business Corporations Act involving Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation. In addition, […]
CARSTAR Adds Collision Repair Center to Network in Pflugerville, Texas
CARSTAR announced the opening of CARSTAR UCF Collision Pflugerville, a more than 50,000 sq. ft. collision repair center located at 4674 Priem Lane Suite 206 in Pflugerville, Texas. Sam Naimat, owner of CARSTAR UCF Collision Pflugerville, is an experienced business developer with a proven track record of establishing multiple Mercedes Benz dealerships across Florida. “I […]
Axalta Launches Fully Automated Mixing Machine
System will be launched across Europe in June, followed by global rollout. Axalta Coating Systems (NYSE:AXTA) announced the launch of Axalta Irus Mix, a fast and efficient fully automated and completely hands-free mixing machine for the automotive refinish industry. Axalta Irus Mix delivers highly accurate color and works with Axalta’s packaging to maximize profitability and […]
IBIS Latin America Scheduled for July 13 in Mexico City
IBIS Worldwide announced the upcoming IBIS Latin America 2023 conference which will be held as part of INA PAACE Automechanika Mexico. Focused on the Latin American collision repair market, this unique one-day business conference will take place on July 13 at the Centro Citibanamex in Mexico City, Mexico. IBIS Latin America 2023 will be the […]
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