Vehicle availability and strong economy helped grow vehicle sales. US Light Vehicle sales totaled 1.30 million (mn) units in July, according to GlobalData. The annualized selling rate increased slightly from 15.7 mn units/year in June, to 15.8 mn units/year in July. Meanwhile, July’s daily selling rate was estimated at 52,200 units/day, compared to 53,000 units/day […]
Collision Industry Foundation Accepting Applications for Board of Directors
The Collision Industry Foundation (CIF) announced that the application period for individuals from the Collision Repair Industry at large to serve on the CIF Board is now open. CIF Trustees are all volunteers, donating their time and expertise to lead CIF to further its mission and vision. Our Vision: Provide Emergency Relief to Collision Repair […]
Hundreds Attend ASE Instructor Training Conference a Huge Success
The 2023 ASE Instructor Training Conference, a four-day event held last month in Concord, N.C, welcomed hundreds of high school and college instructors from auto, truck and collision repair programs nationwide. Attendees had the opportunity to participate in a wide array of sessions conducted by the transportation industry’s leading trainers and instructors. “This year’s instructor […]
Ford Offers Guidance on Cyber Security Vulnerability on Vehicle Wi-Fi Software
Ford Motor Company (NYSE: F) announced it learned from a supplier that a security researcher discovered a vulnerability in the Wi-Fi software driver supplied for use in the SYNC 3 infotainment system available on some Ford and Lincoln vehicles. Immediately, and in collaboration with them, Ford began developing and validating measures to address the vulnerability. […]
IAA Enhances Selling Platform with Machine Learning Tools for Data Insights
RB Global, Inc. (NYSE: RBA) (TSe: RBA) announced that its subsidiary IAA has released three enhancements to its selling platform. The product enhancements, IAA Vehicle Score, IAA Vehicle Value and the IAA Sales Decision Center , all work together to provide vehicle sellers with information that is critical in helping to optimize their auction strategies […]
Boyd Group Reports Sales of Over $753 Million in Second Quarter
Overall sales were up more than 22%. Same store sales up almost 19%. Boyd Group Services Inc. (TSE: BYD) today announced sales increased by 22.9% to $753.2 million in the second quarter ended June 30, from $612.8 million in the same period of 2022. Same-store sales increased by 18.9%. The second quarter of 2023 had […]
Mitchell Reports Higher Average Severity for Electric Vehicles
Mitchell, an Enlyte company, today announced the availability of its Q2 2023 report: Plugged-In: EV Collision Insights. The report highlights a continued increase in electric vehicle (EV) repairable claims frequency, which rose to 1.49% in the U.S. and 2.64% in Canada last quarter. It also documents the differences in claims severity, post-accident drivability and collision […]
Axalta Releases 2020-2022 Sustainability Report
Axalta Coating Systems (NYSE: AXTA) released its 2020-2022 Sustainability Report, citing progress on its 2030 goals and reaffirming its commitment to a sustainable future. The report is available to download. Axalta is advancing toward achievement of its 2030 ESG goals addressing emissions, waste, water, diversity, community investment, governance, and more. The company’s strategy focuses on […]
North Carolina Insurance Commissioner Causey Negotiates Settlement on Auto Insurance Rates
Settlement will save drivers $1.6 billion over the next two years. Insurance Commissioner Mike Causey announced a settlement with the N.C. Rate Bureau on automobile insurance rates. The settlement is about two-thirds less than the insurance companies had requested. On February 1 the Rate Bureau requested an overall average statewide increase in of 28.4 % […]
Collision Repair Industry Production Up Over 8% in June Compared to 2022
Production was also up from May on growth in employment. Total industry employment and number of women employed set another new record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary June collision repair employment, hours worked and wages indicated production was up […]
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