Podium it has raised $201 million in Series D funding, led by YC Continuity with participation from Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners, and Sorenson Capital. This latest round brings the company’s valuation to over $3 billion. “We see this as a watershed moment for local businesses all […]
U.S. Property and Casualty Insurers Report Net Income Rose to $37.5 Billion
Insurers report improved income as resumption in economic activity drives growth in premiums and losses, according to Verisk and APCIA. Private property/casualty insurers in the United States posted strong net income growth in the first half of 2021 as the country continued to recover from the economic disruption caused by the COVID-19 pandemic, according to […]
Classic Collision Acquires 8 Collision Repair Centers in Southern California
Classic Collision, LLC announced the acquisition of Platinum Collision Centers in southern California. The acquisition will make Classic one of the largest collision providers in the region with a footprint of 24 centers throughout Southern California. The firm has 163 locations in 11 states. “This company delivers the very best to customers. This move to […]
CCC Reports $176.6 Million in Revenue During Third Quarter
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 […]
National Average Gas Price Dips Slightly
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 […]
Podium Added as Partner to FordDirect Social Media & Reputation Management Product
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 […]
U.S. Auto Body Repair Prices Up Nearly 7% in October Compared to 2020
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 […]
Uni-Select Reports Sales Up Over 7% in Third Quarter Compared to 2020
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, […]
AkzoNobel Commits to Supporting Women in Collision Repair
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, […]
National Auto Body Council Announces New Board Members
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 […]
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