PPG (NYSE:PPG) yesterday announced that first quarter 2023 adjusted earnings per diluted share (EPS) is expected to be between $1.52 and $1.58, which exceeds the company’s previously communicated guidance of $1.10 to $1.20. “The pace of our operating margin recovery accelerated during the quarter, driven by higher sales volumes and additional selling price capture,” said […]
IBIS Worldwide and CESVIMAP Announce IBIS Iberia 2023
IBIS Worldwide, the global collision repair market conference provider, and CESVIMAP, a leader in automotive vehicle research and technology services to industry professionals, today announced the premiere of IBIS Iberia 2023, a unique one-day business conference focused on the Iberian (Spanish and Portuguese) collision repair market. IBIS Iberia 2023 will take place on September 19 […]
HD Repair Forum to Showcase OEM and Insurer Involvement
The HD Repair Forum (HDRF) is in its 6th year and the level of engagement from OEM’s and insurers continues to grow. Previous conferences have highlighted information on new vehicle technology, repair resources, and parts information from several OEMs including PACCAR, Daimler, Ford Motor Company, Rivian, Great Dane, Volvo Group North America, and others. “As […]
AASP/NJ Announces Winners of NORTHEAST Bodywork Bowl
More than 60 technicians competed in the inaugural event. The Alliance of Automotive Service Providers of New Jersey’s (AASP/NJ)’s flagship event, the NORTHEAST Automotive Services Show, always brings forth the best in education, innovations and equipment, and this year was clearly no different. This year’s event also brought some of the best in the industry […]
Covéa and Tractable Renew Claims Partnership in France
Covéa has renewed its collaboration with Tractable for three years to accelerate the processing of claims for its MAAF, MMA and GMF automobile policyholders. The Tractable Auto Reviewer solution analyzes vehicle damage and then proposes repair recommendations to collision repairers. Tractable’s technology will be used on more than 150,000 claims in France by 2025 through […]
Automotive Recyclers Association Partners with Worcester Polytechnic Institute on Greenhouse Gas Emission Study
Association believes repairing vehicles with recycled parts is a path to meeting net-zero carbon emissions. Automotive Recyclers Association (ARA) announced that it has partnered with Worcester Polytechnic Institute (WPI), located in Worcester, Mass., to undertake a nationwide study that will examine the environmental benefits of automotive recycling. Specifically, the research study will develop greenhouse gas […]
ASA Thanks Repairers Who Helped Defeat Texas Vehicle Safety Inspection Bill
The Texas Senate Transportation Committee rejected legislation that would have eliminated Texas’ vehicle safety inspection program. Senate Bill (SB) 684’s committee substitute failed by a vote of three in favor and five against. Research clearly demonstrates that regular testing of a vehicle’s tires, brakes, windshield wipers, lights and beams, seatbelts, and airbag systems plays a […]
Classic Collision Acquires New Repair Centers in Denver and Orlando
Classic Collision, LLC announced two new acquisitions on March 31. The company acquired BJ’s Auto Theft & Collision in Commerce City, Colo. and Irish Mike’s Collision in Orlando, Fla. “Our goal has been to maintain communication with our customers to guarantee that we make it a positive experience during difficult times and know that Classic […]
Consumer Sentiment Declines in March
Weakening outlook due to high prices, not banking turbulence. Consumer sentiment fell for the first time in four months in the wake of a 13% decline in consumers’ outlook over the economy for the year ahead, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 62.0 in the March […]
Insurance Information Institute Says U.S. Insurers Remain Resilient Despite Economic Challenges
Slow underlying growth and inflation are among the biggest challenges facing U.S. auto, home, and business insurers, according to the Insurance Information Institute (Triple-I) Q1 2023 Economic Outlook. The Outlook’s key takeaways include: Property/casualty (P/C) insurance, a category which includes U.S. carriers who underwrite auto, home, and business coverage, saw its cyclical underlying growth rebound […]
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