Manheim reports strong demand for used vehicles. While used vehicle prices are down versus July, they remain above year ago levels. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index fell to 206.5, showing a rise […]
WIN Announces Keynote Speakers for October 9-10 Virtual Collision Repair Conference
Early bird registration open through September 1. The Women’s Industry Network (WIN) announced addition details for its first-ever industry-wide Virtual Conference, being held October 9-10. The conference is themed, “The Magic Continues”, as a virtual continuation of the recent impactful in person conference WIN held earlier this year in Orlando. It will provide accessibility and […]
Former Denver Collision Repair Shop Owner Faces Lawsuit Over $4.4 Million Shop Sale
A former Denver collision repair shop owner and restaurateur is being sued for allegedly inflating financial figures in the $4.4 million sale of his Englewood repair facility. According to a report in the Denver Post, Alex Gurevich sold Front Range Auto Group and its real estate on July 21. Buyer Valente Fernandez filed suit on […]
CARSTAR Chicago Group Raises $10,200 at Cystic Fibrosis Golf Tournament
The CARSTAR Chicago Business Group contributed $10,200 to a charity golf tournament that raised more than $24,000 for cystic fibrosis research. The 8th Annual Fairways for Airways tournament took place August 9 at Sanctuary Golf Course in New Lenox, Ill., drawing 80 golfers and community members. CARSTAR, an auto collision repair chain, sponsored the event […]
MSO Symposium Planned for November 3 in Las Vegas
The Automotive Service Association will host its 14th annual MSO Symposium on Nov. 3 in Las Vegas, kicking off the week of the SEMA/AAPEX automotive industry convention. The conference, that runs from 9 a.m. to 6 p.m., brings together executives from multi-shop operators in the automotive collision repair industry for networking and strategy discussions. Attendance […]
Consumer Sentiment Down in Mid-August
Preliminary results show declines compared to July and index remains below year ago levels. The University of Michigan Index of Consumer Sentiment was down over three index points from July according to the preliminary results for August released Friday. The preliminary result of 58.6 was 3.1 points or 5% lower than 61.7 in July. The […]
Ford Announces $5B Investment in Electric Vehicle Production
Vehicle manufacturer plans midsize electric pickup starting at $30,000 for 2027 launch. Ford Motor Company (NYSE: F) announced a $5 billion investment to develop a new electric vehicle platform and transform manufacturing processes, with plans to produce a midsize electric pickup truck starting around $30,000. The investment will create or secure nearly 4,000 jobs across […]
Louisiana Auto Insurers File Rate Reductions as Accident Frequency Drops
Louisiana auto insurance companies have filed more than 20 rate reductions since January, with 14 cuts exceeding 1%, as reduced accident frequency drives down claims costs, state Insurance Commissioner Tim Temple announced August 14. “As cost drivers in the market go down, losses go down with them, and businesses are incentivized to compete for customers […]
Plymouth Rock Names New COO, Claims Chief
Plymouth Rock Assurance Corp. appointed Brooke Bass as chief operating officer (COO) and Dale Brooks as chief claims officer (CCO) for its Independent Agency Group, the Boston-based insurer announced August 12. Bass will oversee claims and customer service operations. She previously served as senior vice president of auto physical damage claims for U.S. retail markets […]
U.S. Auto Body Repair Prices in July Up Compared to Previous Month and Year
Auto body prices have been up on a month-over-month basis since February. The most recent government figures on inflation through July show the auto body repair prices were up versus June and July 2024. The rate of growth of auto body repair prices, a measure of the amount spent on body repairs across the U.S., […]
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