Lenders with $1 Billion or less in assets will be able to submit first and second draw PPP applications on Friday – continuing dedicated access for Community-Based Lenders. The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion […]
NTSB Warns High-Voltage, Lithium-Ion Battery Fires After Electric Vehicle Crashes Can Reignite Days or Weeks Later
Three out of four of the electric vehicle battery fires they investigated reignited in the towing storage facility. Safety recommendations say vehicles should be separated by 50 feet when stored or separated by physical barriers from other vehicles. The National Transportation Safety Board issued four safety recommendations yesterday based on findings contained in Safety Report […]
Sandi Freeman Named Program Manager for National Auto Body Council Recycled Rides Program
The National Auto Body Council (NABC) announced Sandi Freeman has joined the organization as the program manager for its Recycled Rides initiative. Freeman will lead the NABC program that has gifted more than 2,600 vehicles to families in need since it was launched in August 2007. Freeman was previously the manager of replacement accounts for […]
ASE Winter Certification Registration Open
ASE winter registration is now open through March 31. More than 50 ASE certification tests are available, covering nearly every aspect of the motor vehicle service and repair industry including for collision repair technicians and parts specialists. Those registering will have 90 days to schedule an appointment to take the selected ASE tests, whether registering […]
CCC Reports December Repairable Appraisals Down Over 19% Compared to 2019
49 states saw declines during the month. The latest CCC Auto Claims Snapshot for December 2020 indicates that the resurgence in the pandemic impacted claims for the month as the decline in claims was higher than its November report. For the month, CCC reports that repairable appraisals in December were down 19.5% compared to 2019. […]
ProColor Collision Adds Collision Repair Center to Network in Mississauga, Ontario
ProColor Collision announced the addition of ProColor Collision Mississauga Central to the network. The new ProColor Collision location is a 20,000-square foot facility that reflects owner-entrepreneur Sam Maharaj’s years of experience in the collision repair industry and his determination to incorporate the best-in-class automotive technologies in his operations. For over 40 years, Sam has built […]
NADA Issues 2020 Auto Sales Analysis, Forecasts 15.5 Million New Vehicle Sales in 2021
The National Automobile Dealers Association (NADA) issued its 2020 analysis of U.S. auto sales and the economy and its 2021 project for sales. “The coronavirus pandemic certainly impacted new light-vehicle sales in 2020, not to mention the U.S. economy as a whole,” said NADA chief economist Patrick Manzi. “Our forecast at the start of 2020 […]
LKQ Brings Services Business Under Elitek Vehicle Services Brand
LKQ Corporation today announced that it is bringing its two mobile automotive services businesses together under a single brand, known as Elitek Vehicle Services. Since acquiring Elite Electronics and VeTech Automotive Electronics in 2019, LKQ organically grew to become the largest U.S. provider of mobile, on-site vehicle services to automotive collision repair facilities, mechanical repair […]
asTech Acquires BlueDriver
Repairify, Inc., the parent of asTech and a portfolio company of Kinderhook Industries, LLC, announced the acquisition of Root Four Imagination Inc., the developer of BlueDriver direct-to-consumer aftermarket diagnostic scan tools and services. The company is the ninth add-on acquisition for asTech and Kinderhook’s 99th automotive-related transaction. Financial terms of the transaction were not disclosed. […]
The Four-Week Moving Average in Gasoline Consumption Improved in the Second Half of December Compared to Last Year
The four-week moving average compared to last year was down in early December but improved during the holiday period. Continued efforts to discourage Americans from traveling that began during the Thanksgiving holiday resulted in reduced gasoline consumption in the U.S in December. However, while the latest data from the U.S. Energy Information Administration (EIA) showed […]
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