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CCC Reports Revenue of $157.8 million in First Quarter

May 24, 2021 By CollisionWeek Editor

CCC Information Services Inc. announced total revenue was $157.8 million for the first quarter of 2021 ended March 31, compared to $159.2 million for the first 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 7% in the first […]

Filed Under: News Tagged With: CCC Information Services, Earnings

I-CAR Opens Online Nominations for 2020 Russ Verona Memorial Award and Jeff Silver Award

May 24, 2021 By CollisionWeek Editor

The Inter-Industry on Auto Collision Repair (I-CAR) announced online nominations are now open for its two top 2020 industry awards which recognize outstanding contributions to advancing technical education and professionalism in the collision repair industry; the Russ Verona Memorial Award and the Jeff Silver Award. Nominations for both awards are being accepted for consideration through […]

Filed Under: News Tagged With: Awards, I-CAR

PPG Introduces Waterborne Low-Gloss Clearcoat System

May 24, 2021 By CollisionWeek Editor

PPG (NYSE:PPG) announced the launch of its 2.1 Low VOC Matte and Semi-Gloss Clearcoats for use with the Envirobase High Performance basecoat system in the United States and Canada. Comprised of two premium-quality 2K acrylic urethane clears, the system can reproduce a range of gloss levels—making it ideal for performing refinish repairs on low-gloss finishes […]

Filed Under: News Tagged With: PPG Industries, Refinish, Waterborne

Judell Anderson Announces Retirement as AASP-MN Executive Director

May 24, 2021 By CollisionWeek Editor

Judell Anderson, executive director of the Alliance of Automotive Service Providers of Minnesota (AASP-MN) since 1996, announced that she will retire at the end of this year, the association reports.  With Anderson at the helm, AASP-MN enjoyed major legislative victories, created a scholarship program, expanded member benefits and attained record membership.  She introduced strategic planning […]

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

Rhode Island $15 Minimum Wage Bill Signed into Law

May 20, 2021 By CollisionWeek Editor

Legislation will gradually raise the minimum wage to $15 over four years. Legislation sponsored by Rep. David A. Bennett and Sen. Ana B. Quezada to raise the minimum wage in Rhode Island from $11.50 to $15 over the next four years was signed into law by Gov. Dan McKee on May 20, two days after […]

Filed Under: News Tagged With: legislation, Minimum Wage, Rhode Island

Ford Announces Electric F-150 Lightning

May 20, 2021 By CollisionWeek Editor

Ford F-150 Lightning

Ford announced its all-electric F-150 Lightning will roll off the line next year at a new factory at Ford’s Rouge complex in Dearborn just outside Detroit. “For both Ford and the American auto industry, F-150 Lightning represents a defining moment as we progress toward a zero-emissions, digitally connected future,” said Bill Ford, executive chair, Ford […]

Filed Under: News Tagged With: Electric Vehicles, F-150, Ford Motor Company

ASE Webinar Friday Focused on Collision Repair for Commercial HD Vehicles

May 20, 2021 By CollisionWeek Editor

The National Institute for Automotive Service Excellence (ASE) is hosting a free webinar for service technicians on Friday, May 21 at 4:00 p.m. (EDT) entitled “Collision Repair for Commercial HD Vehicles.” Although a truck operates in a similar way as an automobile, the truck’s size often requires larger repair equipment and larger repair space. During […]

Filed Under: News Tagged With: 3M, ASE, Heavy Duty Trucks, Webinars

Boyd Group Acquires Collision Repair Center in Texas

May 20, 2021 By CollisionWeek Editor

The Boyd Group Inc. announced the acquisition of a collision repair center in Amarillo, Texas. The new Gerber Collision & Glass location operated as a new car dealership and has great curb appeal on a major roadway. Amarillo is the county seat for Potter County, is the 14th most populous city in Texas and the […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, Texas

Traffic Volume in March Up 19% Compared to Last Year

May 20, 2021 By CollisionWeek Editor

Traffic Volume March 2021

March levels at best since start of pandemic compared to 2019. The improvement in traffic volume compared to last year was dramatic compared to the first month impacted by the pandemic.  Travel volume in March increased substantially on a year-over-year basis and the decrease compared to 2019 levels was the smallest since the start of […]

Filed Under: Research Tagged With: Traffic Volume

Property/Casualty Underwriting Profits Projected to Continue in 2021

May 20, 2021 By CollisionWeek Editor

Insurance Information Institute logo

Insurance Information Institute and Milliman project industry combined ratio of 99, virtually the same as 2020. Property/casualty insurers are projected to continue to post slight underwriting profits in 2021, according to a forecast by the Insurance Information Institute (Triple-I) and Milliman. The forecast projects a 2021 combined ratio of 99, virtually the same as last […]

Filed Under: News Tagged With: Insurance Information Institute, Millman, Profitability, Property Casualty Insurance

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