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, […]
Gas Prices Drop as Fuel Demand Declines Following July 4 Holiday
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 […]
PPG Reports Second Quarter Sales of Nearly $4.7 Billion
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 […]
Allstate Reports Auto Physical Damage Loss Cost Increases Widespread Across U.S.
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 […]
CBP Officers in Minneapolis Intercept Counterfeit GM Tire Pressure Monitoring Sensors
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 […]
Auto Care Association Testifies at USITC Hearing on Economic Impact of Section 301 Tariffs
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 […]
Private Passenger Auto Insurance Market by State in 2021
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 […]
AkzoNobel Reports Revenue Up 14% in Second Quarter
Akzo Nobel N.V. (AKZA; AKZOY) reported revenue for the second quarter was up 14% to €2.853 billion ($2.909 billion) and 10% higher in constant currencies. The company reported its pricing up 16% companywide, offsetting the increase of raw material and other variable costs. Volumes were 9% lower. Operating income at €205 million ($209.05 million) was […]
IAA Expands Presence in Indiana
IAA, Inc. (NYSE:IAA) announced the completion of the IAA Indianapolis South (IN) branch expansion and the start of construction on the new IAA Fort Wayne (IN) branch. These two investments will more than double IAA’s capacity in the state. The new Fort Wayne location will be IAA’s fourth branch in Indiana. “The added capacity of […]
Enterprise Holdings Announces Collision Repair Training Program Adds New School in Texas
Collin College Technical Campus is the fifth school to offer Collision Technology Program based on two-year Collision Engineering curriculum. Enterprise Holdings, through the Enterprise Holdings Foundation, today announced a new partnership with Collin College Technical Campus in Allen, Texas, to support the growth and expansion of its Collision Engineering Program. Now active in five schools […]
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