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Vehicle Travel Continues to Rebound Across the U.S.

May 19, 2020 By CollisionWeek Editor

Personal travel road traffic improved nationally and in every state for the week ending May 15. According to the latest INRIX U.S. National Traffic Volume Synopsis covering the week of May 9-15, for the fourth straight week travel continued to rebound across the U.S. Nationwide personal travel improved to levels last seen on Monday, March […]

Filed Under: Research Tagged With: INRIX, Traffic Volume

CARSTAR Adds Collision Repair Center to Network in Los Angeles

May 19, 2020 By CollisionWeek Editor

CARSTAR First Choice Auto Body

CARSTAR announced the opening of CARSTAR First Choice Auto Body, a 6,500 sq. ft. facility located at 4368 Fountain Avenue, in Los Angeles, Calif. The collision repair center is the first CARSTAR location for owner Edwin Khoshabeh, a third-generation auto body repairer who has been in the industry his whole life.  “My father had an […]

Filed Under: News Tagged With: California, CARSTAR, Network Affiliations

State Farm Announces $2.2 Billion in Auto Insurance Cuts

May 19, 2020 By CollisionWeek Editor

State Farm announced that based on current trends, it is working to reduce auto insurance rates in every state. The national average for those rate reductions is 11%, saving customers a total of approximately $2.2 billion. The rate reductions are in addition to its Good Neighbor Relief Program that State Farm previously announced would provide […]

Filed Under: News Tagged With: Premiums, State Farm

AASP/NJ Highlights Benefits to Members During COVID-19 Crisis

May 19, 2020 By CollisionWeek Editor

The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) continues to provide its members with key information and resources to help guide their businesses as the COVID-19 pandemic crisis continues on. “From the time this first started, AASP/NJ has been providing notices to our members on how to deal with the issues as they […]

Filed Under: News Tagged With: AASP/NJ, New Jersey

EU Passenger car registrations Down 76.3% in April

May 19, 2020 By CollisionWeek Editor

EU New Vehicle Registrations April 2020

In April 2020, registrations of new passenger cars in the European Union posted a year-on-year decline of 76.3%. The first full month with COVID-19 restrictions in place resulted in the strongest monthly drop in car demand since records began. The EU was harder hit than the U.S. in April as sales in the U.S. were […]

Filed Under: News Tagged With: Europe, New Vehicle Registrations

Small Business Optimism Declined in April

May 18, 2020 By CollisionWeek Editor

Small Business Optimism Index April 2020

The NFIB index continues its two month slide in wake of pandemic. The National Federation of Independent Business (NFIB) small business optimism index took another dive in April, falling 5.5 points to 90.9, with owners expressing certainty the economy will weaken in the near-term, but expecting it to improve over the next six months. The […]

Filed Under: News Tagged With: National Federation of Independent Business, Small Business Optimism Index

SBA and Treasury Department Release Paycheck Protection Program Loan Forgiveness Application

May 18, 2020 By CollisionWeek Editor

On Friday, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act […]

Filed Under: News Tagged With: Coronavirus, Paycheck Protection Program, U.S. Small Business Administration, U.S. Treasury Department

BASF Announces Refinish Supply Agreement with Car Sharing Company in China

May 18, 2020 By CollisionWeek Editor

BASF and DiDi, the mobile transportation platform, signed a strategic cooperation agreement in Hangzhou, Zhejiang Province, China, where Xiaoju Autocare (Xiaoju Yangche), a subsidiary of DiDi, is headquartered. Under the agreement, BASF will provide DiDi with sustainable automotive refinish products developed at its research and production site in Jiangmen. These products, designed for the Chinese […]

Filed Under: News Tagged With: Agreements Signed, BASF, Car-Sharing, China, DiDi

ASE Education Foundation Cancels July Instructor Training Conference

May 18, 2020 By CollisionWeek Editor

The ASE Education Foundation announced the cancellation of its Instructor Training Conference that was scheduled for July 14-17 at the Embassy Suites Hotel in Frisco, Texas. The annual conference provides training to hundreds of high school and college instructors from auto, truck and collision repair programs nationwide. “Due to ongoing concerns surrounding the COVID-19 coronavirus, […]

Filed Under: News Tagged With: ASE Education Foundation

Paul Stone Named President and CEO at Hertz

May 18, 2020 By CollisionWeek Editor

Hertz Global Holdings, Inc., (NYSE:HTZ) today announced that its Board of Directors has named Paul Stone President and Chief Executive Officer, effective immediately. Stone, most recently Hertz’s Executive Vice President and Chief Retail Operations Officer, North America, also has been elected to the Hertz Board of Directors. Stone succeeds Kathryn V. Marinello, who plans to […]

Filed Under: News Tagged With: Hertz, People

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