Driven Brands (NASD: DRVN) announced the launch of Driven Advantage, a new B2B digital marketplace powered by the Mirakl Platform. The new B2B marketplace connects Driven Brands’ 5,000+ automotive corporate locations, shop owners, franchises, and affiliates with more than 80,000 handpicked products from third-party suppliers. According to the company, the average automotive service center with […]
Auto Care Association Launches Aftermarket Essentials Online Course
The Auto Care Association announced the launch of its newest Auto Care Academy course: Aftermarket Essentials. This interactive and self-paced course will delve into the dynamic world of the aftermarket, providing a comprehensive understanding of its size, impact, and the importance of keeping vehicles running smoothly and drivers safe. The Aftermarket Essentials course will take […]
Asbury Automotive Group Completes Acquisition of Jim Koons Automotive
Largest auto retail acquisition since 2021 includes 29 franchises, six collision centers, 20 dealerships in Virginia, Maryland and Delaware. Asbury Automotive Group, Inc. (NYSE: ABG) announced it has completed the acquisition of Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S. The acquisition, originally announced in September, includes 20 dealerships, 29 […]
Crash Champions Acquires 4 Collision Repair Centers in Chicago
Crash Champions announced the company has finalized the acquisition of Adams Collision in Chicago, Ill. The deal includes four high-quality collision repair centers serving customers in the northwest Chicagoland communities of Harvard, Lake in the Hills, McHenry and Huntley. The acquisition officially closed December 8, with operations transitioning immediately to Crash Champions. Crash Champions now […]
Bosch Approved for CAPA Tier 1 Replacement Parts Verification Program
The Certified Automotive Parts Association (CAPA) announced that it has approved Robert Bosch LLC (Bosch) for its Tier 1 Replacement Parts Verification Program. Bosch intends to submit its ultrasonic parking sensors for CAPA Verification. The program is available for any Tier 1 supplier that also produces an in-house, alternately branded version of car company original […]
PGW Auto Glass Opens Distribution Centers in Arizona and Pennsylvania
PGW Auto Glass announced the opening of new distribution centers in Phoenix, Ariz. and Scranton, Pa. The new 130,000 square foot location in Scranton and 138,000 square foot distribution center in Phoenix will improve inventory availability and proximity to key customers in their respective regions. “The additional distribution centers allow PGW Auto Glass to increase […]
Michel Poirier to Lead Aftersales and Customer Experience Division at Hyundai
Hyundai Motor America has appointed Michel Poirier as vice president of aftersales and customer experience, a new division for Hyundai. In support of the company’s customer experience (CX) strategy, the new division includes both the retail and aftersales functions to streamline CX efforts and increase efficiencies. Retail experience responsibilities include dealership training and customer satisfaction […]
Classic Collision Acquires Five Repair Centers in Colorado
MSO now has 255 collision repair centers in 16 states. Classic Collision, LLC, announced the closing on the acquisition of five new locations on December 8. The multiple shop operator (MSO) acquired Colorado Auto Body with five stores in Aurora, Denver, Castle Rock, and Littleton, Colo. Colorado Auto Body has serviced customers since 1984. “Our […]
Penske Automotive Group Acquires 15 Dealerships in United Kingdom
Penske Automotive Group, Inc. (NYSE: PAG) today announced that it has agreed to acquire Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Additionally, three of the BMW locations also retail BMW Motorrad motorcycles. […]
AM Best Reports U.S. Personal Auto Insurance Results Worsen as Claims Severity Rises
Following the worst year in the recent past for U.S. personal auto insurers, results continued to slide in the first half of 2023 as the segment posted a direct incurred loss ratio that was more than three percentage points above the one recorded in the same period of 2022, according to an AM Best report. […]
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