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Consumer Confidence Up Slightly in May After Record Decline in April

May 29, 2020 By CollisionWeek Editor

Consumer Sentiment Index May 2020

Consumers expect the economy to improve but remain distressed. Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment Index fell 27.7% below last May’s level, with the falloff in evaluations of current conditions and future prospects posting declines […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

NHTSA Issues Warning on Recalled Harbor Freight Jack Stands

May 29, 2020 By CollisionWeek Editor

Harbor freight jack stands with 3 and 6 ton highlighted

Harbor Freight Tools is recalling more than 1.7 million Pittsburgh Automotive 3 Ton and 6 Ton Heavy Duty Steel Jack Stands. The jack stands may collapse under load, which can increase the risk of injury to people near or under a lifted vehicle. Owners of these jack stands are asked to immediately discontinue use due […]

Filed Under: News Tagged With: National Highway Traffic Safety Administration, Recalls, Safety

Toyota and Lexus Employees Team Up for Virtual Food Drive

May 29, 2020 By CollisionWeek Editor

Toyota Food Drive

As the world grapples with the coronavirus pandemic, Toyota and Lexus employees didn’t let the stay-at-home orders stop them from giving back to the communities in which they serve. Employees unleashed their creativity and tapped other colleagues to execute an unprecedented initiative: a virtual food drive. How, though, to get around the basic fact that […]

Filed Under: News Tagged With: Coronavirus, Donations, Lexus, Toyota

Doug Middleton, Longtime I-CAR Staff Member and Volunteer, Passes Away Aged 97

May 28, 2020 By CollisionWeek Editor

World War II Navy vet, who had long career in the auto insurance industry, supported industry training activities into his 90s. Lemuel Douglas “Doug” Middleton, a long-time staff member and volunteer at the Inter-Industry Conference on Auto Collision Repair (I-CAR), passed away May 19 at the age of 97. Middleton was born January 27, 1923 […]

Filed Under: News Tagged With: I-CAR, Obituary, People, USAA

Universal Technical Institute Students Receive Higher Education Emergency Relief Fund CARES Act Grants

May 28, 2020 By CollisionWeek Editor

Funding will help more than 10,000 students impacted by the COVID-19 crisis. Universal Technical Institute (NYSE:UTI) announced it started distributing $17.6 million in Higher Education Emergency Relief Fund (HEERF) CARES Act stimulus grants to more than 10,000 students training for careers as technicians, welders and computer numerical control (CNC) machinists. The cash grants help students […]

Filed Under: News Tagged With: Coronavirus, Universal Technical Institute

Axalta Launches Color Retrieval Software Enhancement with 3D Modeling

May 28, 2020 By CollisionWeek Editor

Axalta Advanced Color Proofing

Axalta Coating Systems (NYSE:AXTA) announced the launch of Advanced Color Proofing, the latest enhancement to their proprietary color retrieval software, ColorNet. “Advanced Color Proofing allows collision customers to view paint colors and digitally rotate them on 3D vehicle renderings to determine color match and blendability across panels,” said Troy Weaver, Vice President of Axalta, Global […]

Filed Under: News Tagged With: Axalta Coating Systems

CCC Reports Accelerated Growth of Photo Estimate and AI-Supported Claims

May 28, 2020 By CollisionWeek Editor

CCC Information Services Inc. (CCC) reported today that photo estimates and artificial intelligence (AI) supported claims have expanded at a record pace exceeding double-digit growth since the beginning of the year. The rapid adoption of digital technology is in direct response to social distancing and work-from-home protocols initiated to combat COVID-19. CCC industry data shows […]

Filed Under: News Tagged With: Artificial Intelligence, CCC Information Services, Photo Estimating

I-CAR Announces 2020 Volunteer and Instructor Award Recipients

May 28, 2020 By CollisionWeek Editor

The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the 2020 recipients of its Johnny Dickerson Welding Award, Lon Baudoux Instructor of the Year Award and I-CAR’s Founders and Committee Awards. The awards were scheduled to be announced at I-CAR’s Annual Volunteer & Instructor Conference planned for earlier this year. Due to COVID-19, the conference […]

Filed Under: News Tagged With: Awards, I-CAR

Interview: Chris Evans, State Farm Insurance

May 27, 2020 By CollisionWeek Editor

Chris Evans State Farm Interview

Evans explains how the largest auto insurer in the U.S. has adapted its claims operation in the wake of the coronavirus crisis. Claims have started to rebound after declining due to stay-at-home orders. The response to the pandemic has required businesses, particularly those essential businesses such as collision repair and insurance companies, to adapt their […]

Filed Under: Feature Tagged With: Interview, State Farm

Fix Auto UK Acquires Sixth Corporate Owned Collision Repair Center

May 27, 2020 By CollisionWeek Editor

Fix Auto UK announced it has acquired the Fix Auto Paignton site after the business had fallen victim of the coronavirus pandemic and became insolvent. The purchase has added to the portfolio of businesses as part of Fix Auto UK’s owned site operations comprising of Fix Auto Daventry, Fix Auto Colwyn Bay, Fix Auto Barnsley, […]

Filed Under: News Tagged With: Acquisitions, Fix Auto UK, United Kingdom

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