Students from ASE-accredited programs were among the winners at the recent SkillsUSA competition held last month in Atlanta, Georgia. “The SkillsUSA competition solidifies the reason why career and technical education (CTE) classes are rigorous,” said Sean Reisdorf, automotive instructor, North Farmington High School, Farmington Hills, Michigan. “To compete against the other best contestants, whether at […]
State Farm Ventures Invests in Snapsheet
Investment strengthens multi-year relationship between investment arm of largest U.S. private passenger auto insurer and claims technology firm. Snapsheet, the company specializing in claims management technology, today announced a strategic investment from State Farm Ventures, the wholly-owned subsidiary of State Farm Mutual Automobile Insurance Company launched in 2018. Snapsheet streamlines and expedites the claims process, […]
Tractable AI Raises $65M in Series E Funding
Tractable, the company employing artificial intelligence (AI) using computer vision to assess the condition of cars and homes, today announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round. As part of the transaction, Nahoko Hoshino, Investment Director for SoftBank Investment Advisers will […]
Würth Group Reports Global Sales Up Nearly 6%
The Würth Group, world market leader in the development, production and sale of assembly and fastening materials, reports sales of €10.5 billion ($11.8 billion) in the first half of 2023, an increase of 5.9% compared to the same period last year. On a constant-currency basis, sales were up 6.6% compared to last year. The Group […]
Consumer Sentiment Up Big Again in Early July
Preliminary results for July show the index improved considerably, building upon June’s gains. Consumer sentiment rose for the second straight month, soaring 13% above June and reaching its most favorable reading since September 2021 according to the University of Michigan Surveys of Consumers. All components of the consumer sentiment index improved considerably, led by a […]
Mike Quinn Named Chief Global Development Officer at AirPro Diagnostics to Lead European Expansion
Josh McFarlin named President and COO. AirPro Diagnostics, the provider of remote diagnostics, scanning, programming, and ADAS calibration solutions, announced Michael Quinn, former President of AirPro, has been promoted to Chief Global Development Officer and will retain industry relations responsibilities. Josh McFarlin, former Executive Vice President Operations at AirPro Diagnostics, has been promoted to President […]
Wholesale Used-Vehicle Prices Declined in June
Prices were down on a monthly and yearly basis. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 4.2% in June from May. The Manheim Used Vehicle Value Index (MUVVI), at 215.1, was also down 10.3% from a year ago. Lower used vehicle prices increase pressure on the number of total losses […]
Classic Collision Acquires New Repair Center in Tennessee
Classic Collision, LLC announced the acquisition of Dayton Collision Center in Dayton, Tenn., expanding its presence in the state. “We have been the repair center of choice in Dayton by performing high quality repairs and providing a one-of-a-kind customer service experience. We are thrilled to continue that journey now as Classic Collision,” stated Rich Ritchie […]
CAR Coalition Survey Shows Strong Support for Federal Vehicle Right-to-Repair Laws, Choice of Repair Facilities
The CAR Coalition, the group of independent automotive parts, management and repair companies, associations, and insurers, released a new survey that it says demonstrates strong support for federal vehicle right-to-repair legislation. The new survey comes as lawmakers are scheduled to hold a hearing on right- to-repair issues on Tuesday, July 18th, in the House Judiciary […]
Vermont Allows Out-of-State Adjusters and Appraiser in Wake of Major Flooding
In response to the State of Emergency declared July 9 by Vermont Governor Phil Scott following heavy rains and anticipated floodings, the Commissioner of the Department of Financial Regulation announced that the Department is allowing property and casualty insurance carriers to use individual adjusters not licensed in Vermont. Guidance on the use of adjusters not […]
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