Considers potential sale of company. LKQ Corporation (NASDAQ: LKQ) announced Jan. 26 that its board of directors has initiated a review of strategic alternatives to enhance shareholder value, including a potential sale of the company. The automotive parts and refinish materials distributor has engaged BofA Securities as its financial advisor and Wachtell, Lipton, Rosen & […]
PPG Named Sole Coatings Supplier for Quality Collision Group’s 95+ Locations
PPG (NYSE:PPG) has been named the sole supplier of automotive refinish coatings for Quality Collision Group’s more than 95 collision repair facilities across 13 states. The Pittsburgh-based coatings manufacturer will provide coatings products, digital tools, technical expertise and training to the multi-shop operator under the agreement. “We are pleased to provide all of Quality Collision […]
Kin Insurance Launches Auto Coverage in Florida, Texas
Kin Insurance Inc. has introduced auto insurance for existing home insurance customers in Florida and Texas, offering up to 20 percent discounts on auto premiums for policyholders who bundle both coverages. The direct-to-consumer digital insurance provider’s expansion into auto insurance targets homeowners in two states where the company already provides home coverage. Bundled customers can […]
KPA Splits Off High-Risk Industry Business, Maintains Automotive Focus
KPA announced today it has separated its Flex and Risk Management Center software businesses into a new independent company called Novara. The move separates KPA’s automotive and non-automotive software operations, which had developed different customer bases and operational requirements over time. Novara will serve manufacturing, construction, utilities, and oil and gas sectors with safety and […]
Pennsylvania Regulators Block $91 Million in Auto Insurance Rate Increases
Pennsylvania’s insurance regulator prevented $91 million in personal auto insurance premium increases from taking effect in 2025, part of $227.9 million in total property and casualty insurance rate hikes blocked during the year. The Pennsylvania Insurance Department rejected or negotiated down rate increase proposals across multiple insurance lines, with personal auto representing the largest single […]
AASP/NJ Urges Attendees to Book Hotels Now for March 20-22 NORTHEAST Trade Show
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) is encouraging collision repair and automotive service professionals to reserve hotel rooms for its NORTHEAST Automotive Services Show before discounted rates expire. The trade show will take place March 20-22 at the Meadowlands Exposition Center. AASP/NJ has secured discounted rates at several area hotels, including […]
Consumer Sentiment Inches Up in January
The sentiment index remains 21% below year-ago level. Nearly three-quarters of consumers say it’s a bad time to buy a vehicle. Consumer sentiment rose 3.5 points in January to 56.4, up from 52.9 in December but remaining more than 20% below the January 2025 reading of 71.7, according to the University of Michigan Surveys of […]
PSE Group Acquires Color Systems
PSE Group acquired Color Systems, a Warwick, R.I.-based automotive refinish and ancillary products distributor. The transaction expands PSE Group’s presence to 77 locations across 17 states and strengthens its position in the New England market. Financial terms were not disclosed. Color Systems, founded in 1971, serves collision repair facilities throughout the Greater New England region. […]
First Chicago Insurance Expands Personal Auto Coverage to Tennessee
First Chicago Insurance Company has expanded its personal auto insurance operations to Tennessee, bringing the Warrior Insurance Network member company’s reach to 12 states. The company appointed Clay Howell as state marketing manager for Tennessee. Howell has 20 years of insurance sales and marketing experience, including work as a business development territory manager in the […]
New York Governor Proposes Auto Insurance Reforms to Address Fraud, High Premiums
New York Governor Kathy Hochul unveiled proposals Jan. 22 to reduce auto insurance costs in New York through measures targeting fraud and reforming liability laws. New York residents pay an average of $4,000 annually for car insurance, approximately $1,500 above the national average, according to state data. Insurance carriers reported 38,270 incidents of suspected motor […]
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