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Traffic Volume Drops in States Moving Back Towards Lockdowns

July 31, 2020 By CollisionWeek Editor

States that are reopening seeing VMT gains while most others fall. INRIX reports that since June, as some states have paused their reopening plans or began restricting access to public places again in response to the surge in coronavirus cases, 33 states have seen vehicle mile traveled (VMT) decline while 17 have seen increases. The […]

Filed Under: News Tagged With: INRIX, Traffic Volume

U.S. Gasoline Consumption Up 3% for Week Ending July 24

July 31, 2020 By CollisionWeek Editor

Gasoline Consumption Week Ending July 24

After two weeks of declines, the week-on-week gas supplied to the U.S. market showed the largest percentage increase in six weeks. The latest data from the U.S. Energy Information Administration (EIA) showed gasoline consumption was up for the week ending July 24. The result comes after two weeks in a row that consumption declined. The […]

Filed Under: Research Tagged With: Gasoline Demand

Consumers Sentiment Declined in July on Coronavirus Resurgence

July 31, 2020 By CollisionWeek Editor

July 2020 Consumer Sentiment Index

Consumer sentiment sank further in late July due to the continued resurgence of the coronavirus, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 72.5 in the July 2020 survey, down from 78.1 in June and well below last year’s 98.4. The Expectations Index fell to 65.9 in July, down […]

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

Ryan Trierweiler Named Chair of Safelite AutoGlass Foundation

July 31, 2020 By CollisionWeek Editor

Safelite AutoGlass announced the appointment of Executive Vice President, People and Leadership, Ryan Trierweiler as Chair of the Safelite AutoGlass Foundation.  “The Foundation reflects the caring hearts of our people and helps us fund programs for many charitable organizations supporting communities across the country where our 16,000 associates live and work,” said CEO and President […]

Filed Under: News Tagged With: People, Safelite

LKQ Reports Sales Down 19.1% in Second Quarter Compared to 2019

July 30, 2020 By CollisionWeek Editor

Company reports its improved performance in April and May continued in June as economy reopened. LKQ Corporation (NASDAQ:LKQ) today reported second quarter 2020 revenue of $2.6 billion down 19.1% from $3.2 billion in the second quarter of 2019. For the quarter, parts and services organic revenue decreased 16.8% year-over-year, while the net impact of acquisition […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

Uni-Select Reports Second Quarter Sales of $302.5 million

July 30, 2020 By CollisionWeek Editor

Uni-Select Inc. (TSE:UNS) today reported sales of $302.5 million, down 33.7% reflecting a lower demand due to the COVID-19 pandemic, for the second quarter ended June 30. The result represents negative organic growth of 31.9%, unfavorable fluctuations of the Canadian and British currencies, as well as the expected erosion from the integration of company owned […]

Filed Under: News Tagged With: Earnings, FinishMaster, Uni-Select

Voting Open for FinishMaster Hood Master Challenge

July 30, 2020 By CollisionWeek Editor

FinishMaster Hood Master Artist 2

FinishMaster announced that voting is now open online for the crowd favorite in the very first Hood Master Challenge. Voting will remain open to August 6 and winners will be announced on August 10. To bring the focus back on the artistry within our industry, FinishMaster announced the first-annual Hood Master Challenge in February of […]

Filed Under: News Tagged With: FinishMaster, Uni-Select

PPG Supports Speedway Children’s Charities with Fireworks Display at Charlotte Motor Speedway

July 30, 2020 By CollisionWeek Editor

PPG Speedway Children's Charities movie

In support of Speedway Children’s Charities (SCC), PPG (NYSE: PPG) sponsored a spectacular preholiday fireworks display on July 1 at the Charlotte Motor Speedway. The fundraising event, part of the SCC’s Summer Drive-in Series, was a complete sellout as 1,000 cars, vans and pickups filled the track’s infield. A clear night sky and an almost […]

Filed Under: News Tagged With: PPG Industries, Speedway Children's Charities

Dan Risley Elected to Collision Industry Foundation Board of Trustees

July 30, 2020 By CollisionWeek Editor

The Collision Industry Foundation (CIF) announced the election of Dan Risley, Vice President of Quality Repair and Market Development for CCC Information Services, Inc. as the newest member of its Board of Trustees.  Risley has been an engaged supporter of CIF for many years, beginning with his work creating and executing a fundraising program that […]

Filed Under: News Tagged With: CCC Information Services, Collision Industry Foundation, People

Auto Sales Projected to Continue to Recover in July

July 29, 2020 By CollisionWeek Editor

July 2020 Auto Sales Projection

Both retail and total sales projected below 2019 levels but the decline is less than prior months that were impacted by pandemic closures. New-vehicle retail sales in July are expected to be down from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to […]

Filed Under: News Tagged With: J.D. Power, LMC Automotive, New Vehicle Sales

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