Annual selling rate of 18 million units is the highest ever for the month. Despite global production interruptions caused by parts shortages, US sales rebounded strongly in March. LMC Automotive reports that volumes reached 1.61 million Light Vehicles, making this the third best March in history – with higher volumes only recorded in 2000 and […]
Boyd Group Acquires Collision Repair Center in Milwaukee
The Boyd Group Inc. announced the acquisition of a collision repair center in Milwaukee, Wisconsin. The new Gerber Collision & Glass location operated as Prestige Auto Works and has served this market for nearly 40 years. Milwaukee is the largest city in Wisconsin with a metropolitan population of over 2 million people and is the […]
Auto Care Association Says Supreme Court Ruling Affirms Industry Ability to Build Replacement Parts Compatible with OEM Software
The Auto Care Association reacted in support of the Supreme Court’s ruling in the Google v. Oracle case surrounding a decade-long copyright dispute over software. “The Auto Care Association is pleased with the April 5 decision by the Supreme Court, which stated that application program interfaces are fair use for building compatible components,” said Aaron […]
Hertz Selects Equity Sponsor for Chapter 11 Exit
Hertz Global Holdings, Inc. (OTCPK:HTZGQ) announced April 3 that it has selected an enhanced proposal from Centerbridge Partners, L.P., Warburg Pincus LLC, and Dundon Capital Partners, LLC to provide the equity capital required to fund Hertz’s exit from Chapter 11, keeping the Company on track to conclude its Chapter 11 case in June 2021. Hertz […]
State Farm Reports Average Auto Hail Damage Claim $4,300 in 2020
Severe weather resulted in more than 332,000 hail claims paid by State Farm in 2020. While fewer claims than 2019, the amount paid on property and auto damage increased totaling more than $3.1 billion. Total Hail Claims Paid | Home & Auto Texas $474.6M Illinois $394.2M Minnesota $259.2M Missouri $236.9M Colorado $207.9M The average homeowner […]
PPG Adds SEM Products to AdjustRite Commercial Estimating System
PPG (NYSE:PPG) today announced that it has expanded the capabilities of the PPG AdjustRite commercial estimating system by adding SEM adhesives, sealers and undercoats to the platform’s Commercial Parts Listing Program supplier database. SEM Products, Inc., manufactures specialized automotive refinish products and was acquired by PPG in 2018. “We’re very pleased to add SEM products […]
Rhode Island Woman Charged with Embezzling $580,000 from Collision Repair Shop
Secretary redirected insurance checks to her personal and family member accounts during two-year period. A Pawtucket, R.I. woman was arraigned in federal court in Providence on April 1 and released on personal recognizance, charged with allegedly executing a scheme to defraud her auto body repair shop employer of approximately $580,000. It is alleged in the […]
Boyd Group Acquires Collision Repair Center in California
The Boyd Group Inc. announced the acquisition of a collision repair center in Simi Valley, California. The new Gerber Collision & Glass location originated in 1982 as Star Auto Body and has operated at the current location since 2000. Simi Valley is part of the Greater Los Angeles area, located in the southeast corner of […]
CARSTAR Adds Collision Repair Center to Network in Brownsville, Texas
CARSTAR announced the opening of CARSTAR Collision Specialists of Brownsville, 6,800 square foot collision repair facility located at 2124 N. Central Avenue, in Brownsville, Texas. Joe Cantu, owner of CARSTAR Collision Specialists of Brownsville, has been in the collision repair business for over 35 years. Cantu started working on cars throughout high school and in […]
Certified Collision Group Adds 52 Collision Repair Centers to its Network in 14 States
The Certified Collision Group (CCG), the OE Certifications and KPI-focused solutions provider, announced today its biggest quarter in company history adding 52 independent collision repair center locations to its network in the first quarter of 2021. “As we have collectively navigated through the challenges of the past 12 months, our model of supporting and amplifying […]
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