Average severity plateaued and total losses increased. Mitchell, an Enlyte company, announced the latest release of its Plugged-In: EV Collision Insights report. This edition features an overview of the most notable annual trends in battery electric vehicle (BEV), mild hybrid electric vehicle (MHEV) and plug-in hybrid electric vehicle (PHEV) collision claims. Following a second year […]
Auto Care Association Says ASA, Auto Alliance and SCRS Federal Right to Repair Proposal Represents Views of ‘Small Fraction’ of Repair Market
The Auto Care Association said the federal right to repair legislative proposal by the Automotive Service Association (ASA), Alliance for Automotive Innovation, and the Society of Collision Repair Specialists (SCRS) announced yesterday represents the views of a small fraction of the repair market and are not representative of the broader automotive aftermarket. The association, however, […]
Registration Opens for September 23-25 CIECA CONNEX Conference
The Collision Industry Electronic Commerce Association (CIECA) announced that early bird registration is now open for its 16th annual conference, CONNEX 2025, that will be held at the Hilton Nashville Green Hills in Nashville, Tenn. on September 23-25. The theme this year is Insights to Innovation: The Future of Collision Industry Technology. A highlight of […]
Copart Reports Second Quarter Fiscal Revenue of $1.16 Billion
Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal second quarter ended January 31, 2025. For the three months ended January 31, revenue, gross profit, and net income attributable to Copart, Inc. were $1.16 billion, $525.6 million, and $387.4 million, respectively. These represent an increase in revenue of $143.2 million, or 14.0%; an increase […]
New Federal Legislative Right to Repair Proposal Announced
ASA, Auto Alliance and SCRS propose federal legislation that builds upon their 2023 data sharing agreement. Announcement follows Alliance loss in Massachusetts Right to Repair lawsuit. In a move the supporters say is designed to preserve the competitive landscape of automotive repair and to ensure consumer safety, three major industry organizations, the Automotive Service Association […]
LKQ Corporation Fourth Quarter Revenue of $3.4 Billion
Revenue was down in the quarter compared to last year as repairable claims declined. Revenue for the full year was up. LKQ Corporation (NASDAQ: LKQ) today reported revenue for the fourth quarter of 2024 was $3.4 billion, a decrease of 4.1% compared to $3.5 billion for the fourth quarter of 2023. Parts and services organic […]
CARSTAR Adds Collision Repair Center to Network in Arkansas
CARSTAR announced the opening of CARSTAR AutoCraft Paint and Body Works, a 10,000 square-foot collision repair center, located at 60 County Road 9501 in Brookland, Ark. Blake Brown, the owner of CARSTAR AutoCraft Paint and Body Works, has over 15 years of experience in the collision industry. He began his career at Green County Tech […]
WIN Annual Conference 2025: Keynote Speakers and Program Highlights
The Women’s Industry Network (WIN) announced the agenda for its 2025 Annual Conference, set for May 5-7 at the Hilton Orlando Lake Buena Vista – Disney Springs Area in Florida. The event will feature a range of professional development sessions, networking opportunities, and keynote speeches aimed at advancing women in the collision repair industry. Blair […]
Asbury Automotive Group Acquires Herb Chambers Companies
Sale of 14th largest private dealership group in the U.S. includes 33 dealerships, 52 franchises, and 3 collision repair centers in Massachusetts and Rhode Island. The Asbury Automotive Group, Inc. (NYSE: ABG) announced it signed an agreement to acquire automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately-owned dealership […]
California Department of Insurance Warns Drivers about Tow Truck Drivers Holding Vehicles Hostage in Southern California
Warning follows arraignment of 16 residents in alleged auto insurance fraud ring involving body shop. Yesterday, the California Department of Insurance issued a public service announcement (PSA) with a warning for California drivers about an increase in scams involving tow truck companies targeting car accident victims where vehicles are being held hostage for cash. The […]
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