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CCC Reports $176.6 Million in Revenue During Third Quarter

November 15, 2021 By CollisionWeek Editor

CCC Intelligent Solutions Holdings Inc. (CCC) (NYSE: CCCS) announced total revenue was $176.6 million for the third quarter of 2021 ended September 30, compared to $157.8 million for the third 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 […]

Filed Under: News Tagged With: CCC, Earnings

National Average Gas Price Dips Slightly

November 15, 2021 By CollisionWeek Editor

According to AAA, consumers caught a little break as the national average price for a gallon of gas leveled off at $3.41, down a penny since last week. Since October 30, the national average has fallen on nine different days, after having risen steadily each of the previous 31 days. “A slight dip in gas […]

Filed Under: News Tagged With: AAA, Gas Prices

Podium Added as Partner to FordDirect Social Media & Reputation Management Product

November 15, 2021 By CollisionWeek Editor

FordDirect, a joint venture between Ford Motor Company and its franchised Dealers, has added Podium, to its Social Media & Reputation Management product. Now, Ford and Lincoln Dealers have the additional option to access Podium’s tools from the Social Media & Reputation Management platform to strengthen the most vital aspects of their online presence and […]

Filed Under: News Tagged With: Agreements Signed, Ford Motor Company, Podium

U.S. Auto Body Repair Prices Up Nearly 7% in October Compared to 2020

November 12, 2021 By CollisionWeek Editor

The increase in body repair prices was above the rate of inflation. Biggest year-on-year increase since 1989. The most recent government figures on inflation through October 2021 show the rate of growth of auto body repair prices is above the rate of general inflation for the fourth month in a row. The result comes after […]

Filed Under: Research Tagged With: Auto Body Repair Prices, Labor Rates

Uni-Select Reports Sales Up Over 7% in Third Quarter Compared to 2020

November 12, 2021 By CollisionWeek Editor

FinishMaster third quarter sales were $174.9 million, also up 7%. Uni-Select Inc. (TSX: UNS) reported consolidated sales in its third quarter ended September 30 of $426.1 million, up 7.8%, driven by organic growth of 3.9% primarily resulting from increased demand and prices as global markets continue to recover from the COVID-19 pandemic. Earnings before interest, […]

Filed Under: News Tagged With: Earnings, FinishMaster, Uni-Select

AkzoNobel Commits to Supporting Women in Collision Repair

November 12, 2021 By CollisionWeek Editor

Striving to become the global leader in paints and coatings, it is only fitting that AkzoNobel encourages all employees to show their true colors and works to foster an inclusive environment that prioritizes acceptance and continued development. With an internal toolkit that explains diversity and inclusion and how to truly attain it in the workforce, […]

Filed Under: News Tagged With: AkzoNobel, Diversity, Women's Industry Network

National Auto Body Council Announces New Board Members

November 12, 2021 By CollisionWeek Editor

At the 2021 NABC Annual Meeting, the National Auto Body Council held its board elections for the upcoming year. In addition to re-electing five members whose terms were expiring, it also welcomed two new members to the National Auto Body Council Board. Active members in attendance at the virtual NABC annual meeting had an opportunity […]

Filed Under: News Tagged With: Board of Directors, National Auto Body Council, People

Linden Wicklund Named Executive Director of AASP-MN

November 12, 2021 By CollisionWeek Editor

The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced that Linden Wicklund has been selected as the association’s executive director following the retirement of longtime leader, Judell Anderson, CAE, at the end of the year. Wickund will transition into the role working alongside Anderson starting on November 29. The association undertook a thorough and […]

Filed Under: News Tagged With: AASP-MN, People

Boyd Group Reports Sales of Over $490 Million in Third Quarter

November 10, 2021 By CollisionWeek Editor

Sales were up 28.4% over last year. Same store sales up 10.7%. Labor shortage and parts supply issues constrain ability to meet demand. Boyd Group Services Inc. (TSE:BYD.TO) today announced sales increased by 28.4% to $490.2 million in the  third quarter ended September 30, up from $381.7 million in the same period of 2020, including […]

Filed Under: News Tagged With: Boyd Group, Earnings

Lemonade To Acquire Auto Insurer Metromile

November 10, 2021 By CollisionWeek Editor

Lemonade (NYSE:LMND) announced an agreement to acquire Metromile (NASDAQ: MILE, MILEW), the data science company focused on auto insurance, in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares […]

Filed Under: News Tagged With: Acquisitions, Auto Insurance, Lemonade, Metromile

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