The overall annual year-on-year decline of 14.8% far better than expected 8 months ago. LMC Automotive predicts 15.7 million sales in 2021. LMC Automotive, the independent automotive global forecasting and market intelligence company, reports that sales in December were helped by three extra selling days. December Light Vehicle sales grew by 6.4% Year-on-Year (YoY), to […]
PPG Acquiring German Coatings Company Wörwag
PPG (NYSE:PPG) today announced an agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing conditions. “Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, […]
Canada-Based Collision Repair Consolidator Lift Auto Group Receives Funding from PFM Capital
PFM Capital Inc. (PFM), on behalf of the APEX III Investment Fund Limited Partnership (APEX III) announced it has made a strategic investment in British Columbia-based Lift Auto Group to support the continuation of the collision repair facility consolidator’s expansion and acquisition strategy. In addition, the Canadian Business Growth Fund (CBGF), that invested in Lift […]
SBA and Treasury Announce PPP Re-Opening
Applications for first PPP loan start today, second loan applications on January 13, The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced January 8 that the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial […]
Enterprise and Ranken Technical College Launch Automotive Collision Engineering Program
Enterprise Holdings today announced the launch of the Automotive Collision Engineering Pilot Program, a collaboration of the Enterprise Rent-A-Car Foundation and Ranken Technical College. Designed to attract and develop entry-level talent to fill essential roles within the collision repair industry, and enhance retention and advancement among collision repair technicians, the program is piloting at four […]
Interview: Susanna Gotsch, CCC Information Services
In our video interview, Gotsch details November and December claims trends and projections for 2021. While the collision industry was beginning to recover from the government mandated business shutdowns and stay-at-home orders that decimated traffic volume in the spring, the resurgence of the coronavirus in the fall and winter months is causing concern the recovery […]
NJM Insurance Launches in Ohio
NJM Insurance Group announced it is making its full line of personal lines insurance products available to Ohio residents. “NJM was founded over a century ago with one mission, to operate in the exclusive interests of its policyholders,” said Mitch Livingston, NJM president and CEO. NJM is one of the largest auto and homeowners insurers […]
Driven Brands Launches Initial Public Offering
Driven Brands Holdings Inc. announced that it has launched the roadshow for its proposed initial public offering that CollisionWeek reported earlier this week. The company is offering 38,000,000 shares of its common stock. The initial public offering price is expected to be between $17.00 and $20.00 per share and could raise of $700 million. Roark […]
Collision Repair Education Foundation Announces Six New Board Members
The Collision Repair Education Foundation (CREF) announced the appointment of six new members to its Board of Trustees. The six Board of Trustees members who joined in 2020 include: Tom Brown, 3M Paul Folino, LKQ Corporation Brenda Hogen, PartsTrader Ken Hudson, Farmers Insurance Scott Kohl, Liberty Mutual Insurance Sandee Lindorfer, Allstate Insurance Company Tom Wolf, […]
Northeast Trade Show Rescheduled to September 10-12
Continuing impact of pandemic forces rescheduling of March event. The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that its 2021 NORTHEAST Automotive Services Show will be rescheduled to September 10-12, at the Meadowlands Exposition Center (MEC) in Secaucus, N.J. The event was originally scheduled for March 19-21. “As the COVID-19 vaccines begin […]
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