While production was down year-over-year, it was projected up over February. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary March collision repair employment, hours worked and wages indicated production was up compared to February but down compared to the previous year. Monthly […]
Axalta Reports First Quarter Sales of $1.26 Billion
Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales decreased 3% year-over-year to $1.26 billion in the first quarter of 2025, inclusive of a 3% headwind from foreign currency translation. Contributions from the CoverFlexx acquisition and favorable price-mix were offset by volume declines primarily in Performance Coatings. Net income increased by 154% year over year to […]
Ford Raising Sticker Prices on Vehicles Produced in Mexico
Ford Motor Company plans to hikes prices on some Mexico-produced models, citing mid-year pricing actions and increased costs due to tariffs. According to a report today by Reuters, prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump’s tariffs. […]
AASPMN Awards 23 Scholarships to Automotive and Collision Repair Students
The Alliance of Automotive Service Providers of Minnesota (AASPMN) announced it has awarded twenty-three scholarships totaling $19,000 to help automotive service and collision repair students pay for tuition or tools during the 2025-26 school year. The scholarships are $500 or $1,000 each and are made possible by the generous donation from the Minnesota State I-CAR […]
GEICO Reports $11.5 Billion Premiums Written in First Quarter
Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $2.173 billion in the first quarter of 2025, up $245 […]
CCC Reports Revenue of $251.6 Million in First Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) today reported total revenue was $251.6 million for the first quarter ended March 31, an increase of 11% from $227.2 million for the first quarter of 2024. “CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and adjusted EBITDA margin of 39% – both above […]
Meyer Distributing Canada Adds Location in Moncton, New Brunswick
Meyer Distributing Canada, Inc. announced the addition of its Winnipeg, Manitoba, Canada crossdock. “Our Winnipeg expansion highlights our ongoing commitment to bringing Meyers best in class inventory right to the doorstep of our customers,” states Patrick Lavallée, Meyer Canada’s Sales Manager for Western Canada. “From traditional automotive accessories to specialty commercial and collision parts, Meyer […]
Caliber Launches 14th Annual Food Drive to Combat Food Insecurity
Caliber, the automotive repair and service company, has launched its 14th annual Restoring You Food Drive, running from May 5 through June 20, 2025. The campaign will operate across all 1,800+ Caliber locations in 41 states, including Caliber Collision and Caliber Auto Glass centers. The 2024 campaign collected over five million meals and more than […]
Kinetic Partners with Chilton Auto Body for San Carlos, California Digital Repair Hub
10,000-square-foot repair facility will expand digital vehicle repair services in San Francisco Bay Area. Kinetic announced today it has partnered with Chilton Auto Body to open a digital repair facility in San Carlos, Calif. The new 10,000-square-foot hub at 171 Industrial Road will serve customers from five Chilton Auto Body locations. “Our team is excited […]
Classic Collision Acquires First Repair Centers in Louisiana
Acquisition marks multiple collision repair shop operator’s entry into 21st state. Classic Collision, LLC announced the acquisition of its first collision repair centers in Louisiana. Fradella’s Collision Centers, established in 1982, is a family-owned auto body repair business serving the Greater New Orleans area with locations in Metairie, Chalmette, and Slidell. With the acquisition, Classic […]
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