Used vehicle prices that support higher collision repair volumes are down month-over-month and year-over-year. According to the latest report from Cox Automotive, wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis declined 2.0% from September in the first 15 days of October. The Manheim Used Vehicle Value Index fell to 200.5, which was […]
Refinish Distributors Alliance Held Fall Conference in Scottsdale
Refinish Distributors Alliance (RDA) members, manufacturer partners, and guests gathered for the 2022 RDA IMPACT Fall Performance Conference at the Wekopa Casino & Resort Scottsdale, Ariz. on October 10-12. RDA blended industry content and information with business, motivation and leadership presentations. RDA also included some local flavor and entertainment that added an element of fun […]
AAA Reports Gas Prices Down as Demand Declines and Recession Fears Weigh Down Oil Market Expectations
According to AAA, fears of a global economic recession led to a major drop in the price of crude, down $7, which helped to minimize pump price increases last week. Meanwhile, domestic gasoline demand decreased as fewer drivers fueled up in the first half of October. According to the Energy Information Administration (EIA), gas demand […]
Michael Silva Named Chief Commercial and Customer Success Officer at CCC
CCC Intelligent Solutions Inc. (NYSE: CCCS) announced the appointment of Michael Silva as Chief Commercial and Customer Success Officer. Silva will have overall responsibility to deliver innovative outcomes for CCC’s customers across the P&C insurance economy. Silva joins CCC from Salesforce, where he was responsible for global and enterprise customers in the financial services segment. […]
General Motors and Governors Highway Safety Association Grant Equips Seven States to Fight Distracted Driving
The Governors Highway Safety Association (GHSA), in collaboration with General Motors (GM), is providing a total of $210,000 to seven State Highway Safety Offices (SHSOs) to combat the prevalent and preventable problem of distracted driving. Each state will receive $30,000 to implement recommended actions outlined in a comprehensive report released by GHSA and GM earlier […]
IIHS Reports Many People Treat Partially Automated Vehicles as Self-Driving
Drivers of advanced vehicles more likely to eat or text while driving. Drivers who use partial automation on a regular basis often treat their vehicles as fully self-driving despite widespread warnings and numerous high-profile crash reports, a new study from the Insurance Institute for Highway Safety shows. Regular users of Cadillac Super Cruise, Nissan/Infiniti ProPILOT […]
Preliminary October Consumer Sentiment Up Just 1.2 Points
Continued uncertainty on inflation and the economy weighs on consumers. Consumer sentiment in early October is essentially unchanged at 1.2 index points above September, according to the University of Michigan Surveys of Consumers. The preliminary result was in spite of a 23% improvement in current buying conditions for durables owing to an easing in supply […]
Women in Auto Care Scholarship Program Reaches $1 Million Milestone
Women in Auto Care, a community of the Auto Care Association, saw another record year for its scholarship program, distributing 96 awards worth $300,000 in both cash scholarships and starter tool sets, to female students across the United States looking to have a career in the auto care industry. The incredible success of this year’s […]
Rising Input Costs Squeezing Out Entry-Level Battery Electric Vehicles
BEVs projected to have 51.5% market share in U.S. in 2031. The biggest challenge for OEMs rolling out new battery electric vehicles (BEVs) is rising input costs, which are affecting cost parity with traditionally powered vehicles. With prices of key raw materials used in BEVs having risen dramatically since 2019, S&P Global Mobility sees the […]
U.S. Auto Body Repair Prices Up Over 12% in September Compared to Last Year
The increase in auto body repair prices is down from the all-time high in July but continues above the rate of inflation. Collision repair facilities report securing labor rate increases from insurers in response to historic levels of inflation. The most recent government figures on inflation through September show the rate of growth of auto […]
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