Painters Supply & Equipment Co. (PSE) announced December 21 it completed the acquisition of Specialty Coatings, Inc. (SCI). SCI is a leading Distributor of paints, coatings, and supplies for industrial, marine, architectural, and government applications throughout the United States. The Company was founded in 1999 and is headquartered in Metro Detroit. “SCI is a strong […]
Fenix Parts Acquires Ohio Automotive Recycler
Acquisition marks Fenix Parts’ first acquisition in the Midwest. Fenix Parts announced it has completed its acquisition of the assets of All Foreign Used Auto Parts, Inc. in Columbus, Ohio. All Foreign is a full-service automotive recycling facility servicing the central Ohio market. This is Fenix Parts’ first acquisition in the Midwest. Bill Stevens, CEO […]
CIECA Announces New Members of Board of Trustee
The Collision Industry Electronic Commerce Association (CIECA) announced today that several CIECA Board of Trustees member companies named new representatives to sit on the board in 2022. “We welcome all of the new representatives to CIECA’s Board of Trustees,” said Paul Barry, CIECA’s executive director. “Their diverse backgrounds will enable them to best support CIECA’s […]
ASA Florida Join Forces with Midwest Auto Care Alliance
The Automotive Service Association of Florida Board of Directors announced that they will leave ASA and become the Florida Auto Care Alliance. ASA Florida will become the seventh affiliate to leave the Automotive Service Association after ASA dissolved affiliation agreements with their state and regional affiliates across the country. ASA Florida will join forces with […]
Happy Holidays from CollisionWeek
Happy Holidays from the CollisionWeek staff. We wish you and your family a safe and happy holiday season. We would like to thank you for your support in 2021. While we will keep an eye out for breaking news during the holiday period, daily news coverage, including emails, will resume on January 3, 2022.
Interview: Susanna Gotsch, CCC Intelligent Solutions, Details Collision Repair Claims Trends
Gotsch discusses data on 2021 claims and the factors influencing collision repair and insurance claims markets into next year. Average cost per part running 8% higher in 2021. Labor rate growth hasn’t accelerated in 2021, but is expected higher in 2022 in wake of labor shortage. In our video interview, Susanna Gotsch, Senior Director, Industry […]
Tesla Expands Auto Insurance Offering to Illinois
In an update on its website, Tesla announced the availability of its insurance product in Illinois, the third state for the vehicle manufacturer. The vehicle manufacturer launched its auto insurance product in California in 2019 and later expanded to Texas. According to the Tesla website, ” Tesla Insurance is a competitively priced insurance product, offering […]
More than 100 Million Americans Plan Road Trip for the Holidays
Americans who had to cancel getaways and get-togethers last year because of the pandemic are making up for lost time this holiday season. More than 109 million people — an almost 34% increase from 2020 — will travel 50 miles or more as they hit the road, board airplanes or take other transportation out of […]
Edmunds Forecasts 15.2 Million New Vehicles Sales in 2022, Up on Pent Up Demand
Edmunds analysts say that the automotive industry faces yet another challenging year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their estimate of 15 million new vehicle sales in 2021. “2021 marked an […]
DOE and DOT Launch Joint Effort to Build Out Nationwide Electric Vehicle Charging Network
U.S. Secretary of Energy Jennifer M. Granholm and U.S. Secretary of Transportation Pete Buttigieg signed a memorandum of understanding to create a Joint Office of Energy and Transportation to support the deployment of $7.5 billion from the President’s Bipartisan Infrastructure Law to build out a national electric vehicle charging network that can build public confidence, […]
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