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Uni-Select Acquires Distributor in Ontario, Canada

July 25, 2022 By CollisionWeek Editor

Uni-Select Inc. announced today that it has entered into a definitive agreement to acquire Maslack Supply Limited and related real properties, expanding its presence in Ontario, Canada.  Family-owned and operated, Maslack was founded in 1959 and has grown to include 13 locations across northern Ontario, over 200 dedicated employees, and over CA$52 million dollars ($42.4 […]

Filed Under: News Tagged With: Acquisitions, Canada, Ontario, PBE Distributor, Uni-Select

US Collision Repair Length of Rental Up in Second Quarter Versus Previous Quarter

July 25, 2022 By CollisionWeek Editor

Enterprise Rent-A-Car data shows that while up sequentially, LOR was slightly down from the same quarter last year. The second quarter of 2022 saw average Length of Rental (LOR) for collision repair replacement-related rentals at 17.7 days, a 4.5-day increase from the second quarter of 2021. This represents a decrease of half a day from […]

Filed Under: News Tagged With: Enterprise Rent-A-Car, Length of Rental

Ford Introduces Optional ADAS Certification for Collision Repair Network

July 25, 2022 By CollisionWeek Editor

Ford is now offering an advanced driver assistance system (ADAS) certification for Ford Certified Collision Network (FCCN) participants. Although the certification is optional, having dedicated, in-house ADAS calibration technicians to maintain the highest level of certification available is recommended. Collision repairers who are not ADAS-certified must work with FCCN-certified third-party providers who have completed the […]

Filed Under: News Tagged With: Advanced Driver Assistance Systems, Ford, OEM Certification, Recalibration

ASE Instructor Training Conference Addresses Industry’s Key Issues, Sets Goals for the Future

July 25, 2022 By CollisionWeek Editor

Over 500 people were in attendance at the recent ASE Instructor Training Conference held in Frisco, Texas. Hosted by the ASE Education Foundation, the in-person conference was conducted for high school and college instructors from auto, truck and collision repair programs nationwide. The conference included over 100 technical-update training sessions from 60 different industry partners, […]

Filed Under: News Tagged With: Annual Conference, ASE Education Foundation

Gas Prices Drop as Fuel Demand Declines Following July 4 Holiday

July 22, 2022 By CollisionWeek Editor

Gasoline delivered last week was below level in 2020 during height of pandemic declines. According to AAA, prices at the pump continued to decline as demand declined following the July 4 holiday. The national average price on July 21 was $4.440 per gallon, down from $4.467 the day before, $4.605 the previous week and from […]

Filed Under: Research Tagged With: AAA, Fuel Prices, Gasoline Demand

PPG Reports Second Quarter Sales of Nearly $4.7 Billion

July 22, 2022 By CollisionWeek Editor

Automotive refinish sales were at all-time quarterly record. PPG (NYSE:PPG) reported net sales of $4.691 billion, up 8% from $4.359 billion in the same quarter last year. According to the company it had higher selling prices of 12%, but sales volumes were down 4%. The company reported raw material costs were up about 20% year […]

Filed Under: News Tagged With: Earnings, PPG

Allstate Reports Auto Physical Damage Loss Cost Increases Widespread Across U.S.

July 22, 2022 By CollisionWeek Editor

Implements Allstate brand auto insurance rate increases of approximately 8.3% since fourth quarter of 2021. The Allstate Corporation (NYSE: ALL) estimated catastrophe losses for the month of June totaled $356 million or $281 million, after-tax. June catastrophe losses included 10 events, primarily wind and hail in the Midwest, estimated at $315 million, plus unfavorable reserve […]

Filed Under: News Tagged With: Allstate, Combined Ratio, Premiums

CBP Officers in Minneapolis Intercept Counterfeit GM Tire Pressure Monitoring Sensors

July 22, 2022 By CollisionWeek Editor

U.S. Customs and Border Protection’s (CBP) officers in Minneapolis recently stopped two shipments that contained 300 counterfeit General Motors (GM) Brand Tire-Pressure Monitoring System (TPMS). On May 30, CBP officers inspected a shipment arriving from Hong Kong to determine the admissibility of the shipment and its contents. Based on intelligence gathering and experience, officers suspected […]

Filed Under: News Tagged With: Counterfeit Parts, Customs and Border Protection, General Motors, TPMS

Auto Care Association Testifies at USITC Hearing on Economic Impact of Section 301 Tariffs

July 22, 2022 By CollisionWeek Editor

Asks for input on impacts of tariffs on members in survey. Auto Care Association President and CEO Bill Hanvey testified yesterday before the U.S. International Trade Commission (USITC) during a three-day long virtual hearing on the economic impacts of the Section 301 tariffs on U.S. industries. The USITC instituted the factfinding investigation in May and […]

Filed Under: News Tagged With: Auto Care Association, Tariffs

Private Passenger Auto Insurance Market by State in 2021

July 21, 2022 By CollisionWeek Editor

The latest report on the U.S. private passenger auto insurance market from the NAIC details the top 10 insurers in each state as well as the size of each market overall. Data from the National Association of Insurance Commissioners (NAIC) provides a detailed view on the size and scope of the private passenger auto insurance […]

Filed Under: Research Tagged With: Auto Insurance, Net Written Premiums, Premiums

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