While still near historic high levels, the seasonally adjusted Manheim Used Vehicle Value Index was down 4% from April last year. Wholesale used-vehicle prices, on a mix-, mileage-, and seasonally adjusted basis, decreased 2.7% from March in the first 15 days of April. The midmonth Manheim Used Vehicle Value Index dropped to 231.7, which was […]
PPG Reports Record Sales of Nearly $4.4 Billion in First Quarter
Refinish coatings organic sales flat compared to last year. PPG (NYSE:PPG) yesterday reported net sales of $4.38 billion for the first quarter 2023, a record for the company and up 2% from 4.308 billion in the first quarter last year. According to the company, the year-over-year net sales change was the result of higher selling […]
Allstate Reports Auto Rate Increases of 7.6% in 10 Markets During March
The Allstate Corporation (NYSE: ALL) announced its catastrophe losses, implemented auto insurance rate increases and reserve reestimates for March and first quarter 2023. Allstate was the fourth largest private passenger auto insurance company in 2022 based upon direct premiums written. Estimated catastrophe losses for the month of March of $1.17 billion or $927 million, after-tax. […]
ASE Reports Over 2,200 Recognized as World Class Technicians Since 1986
With the addition of 44 individuals this year, there are now 2,224 automotive service professionals who are recognized as World Class Technicians by the National Institute for Automotive Service Excellence (ASE). There are an estimated 887,000 technicians in the United States. A joint program of ASE and the Auto Care Association, the ASE World Class […]
IAA Announces New Market Alliance in West Africa
IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company, announced a new market alliance with Antonio, SARL in the West African country of Benin. This agreement provides authorization for auction centers operated by Antonio, SARL in the country to help local buyers search for, bid, pay, transport, ship and import vehicles from IAA auctions […]
NHTSA Estimates for 2022 Roadway Fatalities Flat After Two Years of Dramatic Increases
There were more miles driven and lower fatality rates compared to 2021. The National Highway Traffic Safety Administration (NHTSA) has released its latest projections for traffic fatalities in 2022, estimating that 42,795 people died in motor vehicle traffic crashes. This represents a small decrease of about 0.3% as compared to 42,939 fatalities reported for 2021. […]
Former Detroit Police Lieutenant in Charge of Integrity Unit Sentenced to 2 ½ Years in Prison for Taking Towing Referrals Bribes
A former police lieutenant in charge of the Detroit Police Department’s Integrity Unit was sentenced to 2 ½ years in prison for accepting bribes in a conspiracy with another Detroit police officer in connection with corruption in the towing industry in Detroit, United States Attorney Dawn N. Ison announced April 18. Ison was joined in […]
CARSTAR Announces Opening of New Collision Repair Center in Sequin, Texas
CARSTAR announced the opening of CARSTAR Shanafelt, a 22,000 sq. ft. collision repair center located at 955 W Kingsbury Street, in Seguin, Texas. Eddie Donhauser, owner of CARSTAR Shanafelt, has spent his whole life in the collision repair industry. From an early age, Eddie was exposed to the industry as his father spent his entire […]
Fix Auto USA Adds Collision Repair Center to Network in San Marcos, California
Fix Auto USA announced the opening of Fix Auto San Marcos, a 7,300 sq. ft. collision repair center located at 917 Rancheros Drive in San Marcos, Calif. Francisco Cid Del Prado, co-owner of Fix Auto San Marcos, has spent over 32 years in the automotive industry as an employee of multiple shops, and now a […]
1Collision Adds Collision Repair Center to Network in Utah
1Collision announced the addition of Art City Auto Body in Springville, Utah to its network of independently owned collision repair centers. “1Collision has a robust and smart team, and I’m excited to work with them,” said Daniel Arce, owner of Art City Auto Body. Established in 1995, Arce purchased the shop two years ago from […]
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