Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were lower in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) decreased to 204.1, which reflects a 0.1% increase from a year ago. The seasonal adjustment to the index drove the monthly move for the index, as non-seasonally adjusted values rose […]
Trump Administration Adjusts Tariffs on Canada and Mexico to Shield Auto Industry and Consumers that Would See Higher Auto Insurance Premiums
On March 6, President Donald Trump announced significant adjustments to tariffs imposed on imports from Canada and Mexico earlier this week. These modifications aim to protect the American automotive industry while maintaining pressure on both countries regarding border security concerns. The revised tariff framework now includes: 25% tariffs on goods that fail to satisfy U.S.-Mexico-Canada […]
IBIS Middle East 2025 Draws Nearly 200 Attendees
IBIS Middle East 2025 has been hailed as a major success, with nearly 200 industry professionals gathering for a welcome networking dinner and a full day of thought leadership discussions on February 18-19 at Le Méridien Dubai Hotel and Conference Centre in Dubai, United Arab Emirates. The conference centered on IBIS Worldwide’s 2025 theme, Shaping […]
Federal Agency Says Congress Can’t Overturn California Vehicle Emissions Rules Through Review
The Automotive Service Association reported that the Government Accountability Office (GAO), independent federal agency that provides auditing, evaluative, and investigative services to the U.S. Congress, released a report revealing its opinion that Congress does not have the authority under the Congressional Review Act to overturn California’s more stringent automotive emissions regulations. In December, when Joe […]
Nebraska’s Proposed Collision Repair Parts Legislation Sparks Debate at March 4 Hearing
Legislation would require OEM parts for vehicles manufactured in last 36 months, prohibit insurers from making consumers pay the difference for OEM parts. A proposed bill in the Nebraska Legislature that would regulate the use of aftermarket collision parts in vehicle repairs has drawn strong opinions from both collision repair facility operators and insurance representatives. […]
February U.S. Light Vehicle Sales Up 2.1% Year Over Year
Retail sales were over 1 million vehicles last month. According to the National Automobile Dealers Association (NADA) Market Beat report, February new light-vehicle sales in February 2025 reached a seasonal adjusted annual rate (SAAR) of 16.0 million units, an increase of 2.1% compared to February 2024. According to Wards Intelligence, retail sales were estimated to […]
State Farm’s Kinsey, PEMCO’s Lee to Share Leadership of 2025 HLDI Board
Jeff Kinsey, assistant vice president and actuary at State Farm Insurance Companies, has been re-elected chair of the Highway Loss Data Institute (HLDI_ Board of Directors. Kinsey will remain at the helm until July, when Dawn Lee, chief product and underwriting officer at PEMCO Mutual Insurance Company, will become chair for the rest of 2025. […]
Consultation Opens for Australia’s Revised Motor Vehicle Insurance and Repair Industry Code of Conduct
The public is invited to provide input on the revised Motor Vehicle Insurance and Repair Industry Code of Conduct, that is now open for consultation. Stakeholders, including businesses and individuals, have eight weeks to submit feedback before the consultation period closes on April 29. Developed in response to an independent review by Dr. Michael Schaper […]
I-CAR Highlights 10,000 Gold Class Shop Milestone at National Conference
The I-CAR 2025 Leading Forward National Conference concluded Saturday after bringing together over 400 automotive and collision repair industry professionals in Houston. The three-day event at the Hyatt Regency Hotel Downtown Houston featured keynote speakers, breakout sessions, and the announcement of significant industry milestones. During the conference, I-CAR CEO & President John Van Alstyne announced […]
NABR Launches Updated BillableGenie with Expanded Estimate Data Access for Collision Repair
National AutoBody Research (NABR) has released a new version of BillableGenie, its online system designed to provide collision repairers with expanded access to estimate data, information that has historically been more readily available to insurance companies. “For years, perhaps decades, insurance providers have had an absolute competitive advantage over body shops for access to collision […]
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