Stellantis North America has announced that the Inter-Industry Conference on Auto Collision Repair (I-CAR) will provide and manage a portfolio of new Vehicle and Technology Specific Training courses (VTST), six of which will be required for all FCA Certified Collision Care shops, along with two recommended optional courses. These courses ensure that professionals are trained […]
Ted Shallcross Named Next CEO and President of Amica
Amica Mutual Insurance Company’s Board of Directors announced yesterday that Edmund (Ted) Shallcross III has been named the company’s next Chief Executive Officer and President, effective October 1. Amica is the 23rd largest private passenger auto insurer in the U.S. Shallcross will succeed Robert A. (Bob) DiMuccio, who is retiring after 31 years of service, […]
Sony and Honda Sign Joint Venture Agreement to Establish EV and Mobility Services Company
Sony Group Corporation and Honda Motor Co., Ltd. announced that they have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility. The announcement is the result of the discussion of a strategic alliance in the mobility field between the […]
Gasoline Price Increases Ease as Demand Declines Following Memorial Day Holiday
According to AAA, since Monday, the national average for a gallon of regular gasoline has decreased by a penny to $5.00. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks fell by 700,000 bbl to 217.5 million bbl last week. Meanwhile, gasoline demand declined slightly from 9.2 million b/d to […]
Fourth Quarter 2021 Average Weekly Collision Repair Wages Up 7.5% in U.S. Compared to 2020
The number of collision repair establishments and overall employment continued to increase versus pandemic influenced 2020. An analysis of U.S. auto body repair facilities, employment and wages show continued growth across all three categories in the U.S. during the fourth quarter of 2021 compared to the pandemic impacted quarter in 2020. According to the U.S. […]
Driven Brands Acquires Auto Glass Repairer in Indiana
Driven Brands announced the acquisition of six Perfection Auto Glass locations. According to Driven Brands, the total addressable market for auto glass repair in North America is approximately $5 billion and growing. Perfection Auto Glass, based in Indiana, was founded almost 20 years ago and grew to become one of the largest locally owned auto […]
Allstate Reports Implemented Auto Rate Increases Averaging 8.1% Since Fourth Quarter 2021
The Allstate Corporation (NYSE: ALL) provided an update of its ongoing efforts to raise auto insurance rates in response to increased claim severity along with its monthly estimate of catastrophe losses for the month of May. “Allstate continued to implement meaningful rate actions in response to ongoing inflationary impacts on auto insurance severities. During the […]
US Rep Asks Government Accountability Office to Examine Federal Agency Efforts on Vehicle Right to Repair
The Automotive Service Association (ASA) reported that U.S. Congresswoman Jan Schakowsky (D-IL) recently sent a letter to the Government Accountability Office (GAO) requesting the office to examine the issues relating to automotive right to repair and competition, including: Federal agencies’ efforts to ensure consumers’ right to repair, with respect to passenger motor vehicles, including how […]
Shannon Nordstrom Nominated to Join Executive Committee of Automotive Recyclers Association
The Automotive Recyclers Association (ARA) announced that automotive recycler Shannon Nordstrom of Nordstrom’s Automotive, Inc. in Garretson, S.D. has been nominated to join the Association Executive Committee as Secretary for 2022-2023. Shannon is the Vice President and General Manager of Nordstrom’s Automotive Inc. He and his wife Tamie are the owners of the operation that […]
Small Business Optimism Index Slightly Down in May
Small business owner expectations for the future at a record low in survey’s 48-year history. The National Federation of Independent Business (NFIB) Optimism Index fell 0.1 points in May to 93.1, marking the fifth consecutive month below the 48-year average of 98. Owners expecting better business conditions over the next six months decreased four points […]
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