The U.S. Small Business Administration announced it is taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s implementation: For businesses with fewer […]
Nexterra Announces Concierge Repair and Claims Management Services for Auto Dealers and OEMs
Nexterra Solutions Group, LLC, the international automotive restoration, claims management and service contract provider that operates Dent Concepts and Allied Overspray service brands, announced it is expand its reach and offerings into the automotive dealership and OEM communities. Nexterra provides fully customizable concierge auto physical damage assessment and restoration platforms, plus vehicle service products that […]
LKQ Opens Central Distribution Center in the Netherlands
After a construction time of just one year, LKQ Fource has opened a new 50,000 square meter (538,000 sq. ft.) warehouse that will play an important role as a part of LKQ’s European logistics footprint. “Our principle regarding parts availability is ‘Logistics without Borders’ to seamlessly serve our customers. Digitalization gives us the opportunity to […]
Classic Collision Acquires Two Collision Repair Centers in Orlando
Classic Collision, LLC announced its second multi-shop acquisition in less than 30 days with the acquisition of both Orlando’s Supercenter Auto Body Repair locations in Orlando, Fla. Classic Collision now has 20 Florida locations and operates 62 centers total in Georgia, Florida, Alabama, South Carolina, and California. Orlando’s Supercenter Auto Body has been servicing the […]
Gasoline Consumption Improved in First Half of February
The rate of consumption was up for last two weeks on week-over-week basis. Decline in the four-week moving average in the first half of February drops below 10% level. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending February 12 was up for the second week […]
Tesla Opens Ninth U.S. Structural Collision Repair Center in Denver
Tesla has opened its ninth company owned structural collision repair center, a 30,000 sq. ft. facility located at 450 E. 52nd Ave. in Denver, Colo. The company, responding to vehicle owner criticism over the length of time necessary to complete body repair services, announced in 2017 that it would open company owned collision repair centers […]
Arity and Ford Partnership Enables Efficient Usage-Based Insurance Offerings
Arity, a mobility data and analytics company, announced that it is teaming up with Ford Motor Company to enable any participating insurer the ability to deliver simple and secure usage-based insurance (UBI) programs to eligible connected Ford and Lincoln vehicle owners. Usage-based insurance programs give drivers access to personalized driving data directly from the vehicle […]
Autonomous Vehicle Permit Holders Reported Nearly 2 Million Test Miles in California
Companies with a permit to test autonomous vehicles in California with a safety driver reported their technologies drove nearly 2 million miles on public roads during the most recent reporting period, a decrease of about 800,000 miles from the previous reporting cycle, according to disengagement reports recently submitted to the Department of Motor Vehicles (DMV). […]
Electric Vehicle Share in the US Reaches Record 1.8% in 2020
Electric vehicle (EV) registrations in the US in 2020 reached record market share of 1.8%, demonstrating increased consumer interest for electric vehicles, according to new analysis from IHS Markit (NYSE:INFO), the information, analytics and solutions provider. December 2020 also represented the highest monthly share for EV new registrations, at 2.5% of the industry – a […]
OEM Collision Repair Procedures Legislation Re-Introduced in Illinois
Legislation would require insurers to base claim payments on, and collision repairers to use, vehicle manufacturer compliant repair procedures. Excludes OEM parts mandates, but requires use of like, kind and quality. A bill introduced yesterday in Illinois seeks to require both auto insurance companies and collision repair facilities to comply with original equipment manufacturer (OEM) […]
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