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CCC Reports Revenue of $187.1 Million in Fourth Quarter

March 1, 2022 By CollisionWeek Editor

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) announced total revenue was $187.1 million for the fourth quarter ended December 31, up from $165.4 million for the fourth quarter of 2020. Adjusted for the impact of the divestiture of a portion of its professional services casualty solution in December 2020, total revenue grew 19% in the fourth […]

Filed Under: News Tagged With: CCC, Earnings

Liberty Mutual Completes State Auto Acquisition

March 1, 2022 By CollisionWeek Editor

Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual’s Global Retail Markets US business unit. Through […]

Filed Under: News Tagged With: Acquisitions, Liberty Mutual Insurance, State Auto Insurance

CSN Adds Collision Repair Center to Network in Ontario, Canada

March 1, 2022 By CollisionWeek Editor

CSN MGI Collision in Kirkland Lake, Ontario, Canada is the latest addition to the CSN Collision Centres network. Located just a stone’s throw away from the Trans-Canada Highway in Kirkland Lake, Northeastern Ontario, CSN MGI Collision owners Carole and Darren Arsenault have been in business since 2009 and are excited to join CSN, accessing the […]

Filed Under: News Tagged With: Canada, CSN Collision Centres, Network Affiliations, Ontario

AAA Says Drivers Paid $26.5 Billion in Vehicle Repairs Due to Potholes

March 1, 2022 By CollisionWeek Editor

Americans battling the polar vortex will soon face a greater enemy—pothole season. A new survey from AAA found that last year 1 in 10 drivers sustained vehicle damage significant enough to warrant a repair after hitting a pothole. With an average price tag of almost $600 per repair, damage caused by potholes cost drivers a […]

Filed Under: News Tagged With: AAA, Potholes

Consumer Sentiment Sinks in February

February 28, 2022 By CollisionWeek Editor

Concerns about inflation’s impact on personal finances and its impact on the economy as a whole worry U.S. consumers. Consumer sentiment fell in February to its lowest level in the past decade, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 62.8 in the February 2022 survey, down from […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

Solutions to Collision Repair Industry Technician Shortage Subject of Northeast Trade Show Panel

February 28, 2022 By CollisionWeek Editor

The ongoing technician shortage has left many collision repair centers struggling to keep up with repair volume – without proper manpower. A special panel at the NORTHEAST 2022 Automotive Services Show, The Continuing Tech Shortage: How Do We Fix It? seeks to examine and confront the issues surrounding the lack of good help which is […]

Filed Under: News Tagged With: AASP/NJ, Northeast Trade Show, Workforce Development

AAA Foundation Research Finds Spike in Traffic Fatalities Result of High-Risk Younger Men That Were a Larger Share of Those Who Drove More During Pandemic

February 28, 2022 By CollisionWeek Editor

As the COVID-19 pandemic swept across the country, it led to fewer drivers on the roads and a significant reduction in the number of miles driven. And yet, U.S. government data shows traffic fatalities have surged, along with an increase in crashes involving impairment, speeding, red-light running, aggressiveness, and non-seatbelt use, to its highest level […]

Filed Under: News Tagged With: AAA, Coronavirus, Traffic Fatalities

Universal Technical Institute-Orlando Launches BMW FastTrack Technician Training Program

February 28, 2022 By CollisionWeek Editor

Universal Technical Institute (UTI) has launched the first session of its new BMW FastTrack technician training programs at its Orlando, Fla. campus, the second location to begin offering the 12-week advanced training program. A collaboration between the luxury-class German automaker and UTI, the nation’s leading provider of automotive technician training, BMW FastTrack provides state-of-the-industry training […]

Filed Under: News Tagged With: Agreements Signed, BMW, Career and Technical Education, Universal Technical Institute

Maryland Attorney General Indicts Five Individuals for Distributing Drugs through Two Auto Body Shops

February 25, 2022 By CollisionWeek Editor

Maryland Attorney General Brian E. Frosh and Anne Arundel County Chief of Police Amal Awad on Wednesday announced the indictments of five defendants for multiple charges including participation in a criminal organization, conspiracy to distribute drugs, possession with intent to distribute, and firearm-related counts. He also announced the seizure of a large quantity of fentanyl […]

Filed Under: News Tagged With: Attorney General, Lawsuits, Maryland

Students and Businesses Connect Through ASE Education Foundation Adopt-A-School Program

February 25, 2022 By CollisionWeek Editor

Businesses participating in the ASE Education Foundation’s Adopt-A-School program can connect with potential employees who are currently enrolled in automotive training classes in their respective communities.  “Right now, there are students taking automotive training classes at the local high school or college in preparation for entering the workforce,” said Mike Coley, president, ASE Education Foundation. […]

Filed Under: News Tagged With: ASE Education Foundation, Career and Technical Education

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