Solera has released an update to its Artificial Intelligence (AI)-powered, end-to-end automotive claims platform, Qapter that delivers 40% faster damage detection (in under 2 seconds) and a more intuitive and easy-to-use system, for a faster, accurate car repair estimate. “Our continuous investment into core Machine Learning capabilities is accelerating the pace of evolution of Qapter” […]
Assured Performance Introduces Automated Comprehensive Documentation to Certified Repair Provider Network
Assured Performance, a non-profit consumer advocacy organization and certifying entity for the collision repair industry, announced the introduction of “Fully Documented Invoicing,” a new critical feature and function to their web application, RepairDOC. Now, vehicle owners and their insurers can receive a transparent and fully documented “invoice” that is system generated and largely automated. The […]
U.S. House Small Business Committee Holds Hearing on PPP
The Automotive Service Association (ASA) reported that the U.S. House Small Business Committee held a hearing entitled State of the Small Business Economy in the Era of COVID-19. During the hearing, lawmakers questioned four witnesses: Sharon Pinder, President and CEO of the Capital Region Minority Supplier Development Council, Stephen Shoaps, owner of Strother Cinema in […]
CIECA Announces Next Generation of Collision Industry Standards
New CIECA API Standards (CAPIS) will supplement BMS. The CIECA Board of Trustees recently approved an initiative to begin developing its next generation of CIECA standards. The new CIECA API Standards (CAPIS) are JSON-based standards, using the OpenAPI framework. They will supplement the existing XML-based Business Message Suite (BMS) Standards and provide the collision industry […]
January Light Vehicle Sales Start Strong at 16.6 Million Unit Annual Rate
Annual outlook upgraded. New vehicle sales started 2021 on a strong note, with 1.09 million Light Vehicles sold in the US, down by 3.1% year-on-year (YoY), according to actual results in an analysis from LMC Automotive. However, despite one fewer selling day, the daily average volume grew by 1.0%, to 45,542 units. This translates into […]
AASP/NJ to Host ADAS Webinar February 18
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) will present ADAS: The Future is NOW, a seminar focusing on advanced driver-assistance systems (ADAS), for members via Zoom on Thursday, February 18 from 6:30-8:30 p.m. AASP/NJ will welcome John Anello of Auto Tech on Wheels and Nick Dominato of adasThink, who will both give […]
MACS Announces New Board Officers
The board of directors of the Mobile Air Climate Systems Association (MACS) met virtually Friday, February 5, and elected officers for the year. Andy Fiffick of Rad Air Complete Car Care, Cleveland, OH will serve as MACS chairman and CEO. Steve Sunday of Sunair, Ft. Worth, TX will serve as vice chairman. Caroline Marks Acebedo […]
Office Occupancy Rates on the Rise Nationally
Kastle Systems data shows more workers returning to their offices, but there is a long way to go to get back to pre-pandemic office occupancy levels. According to the Kastle Back to Work Barometer, more American businesses brought workers back to their office last week, but the keycard and app access data shows office occupancy […]
Solera Holdings Reported Considering Going Public via SPAC
According to a report in Bloomberg, Solera Holdings is considering returning to the public markets via a merger with the special purpose acquisition company (SPAC) Apollo Strategic Growth Capital (APSG). SPACs are a type of blank check company created to pool funds in order to finance a merger acquisition. They have become popular as a […]
Axalta Releases Preliminary Fourth Quarter 2020 Earnings Update
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its preliminary results for the fourth quarter of 2020. Fourth quarter net sales of $1,074.5 million decreased 2.2% from $1,098.4 million in Q4 2019, and increased 4.6% sequentially from Q3 2020 with all end-markets showing improvement, given continued recovery from pandemic-related demand impacts. According to the company refinish demand […]
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