Consumer spending on vehicles up 11.8% year over year. Total new-vehicle sales for October 2024, including retail and non-retail transactions, are projected to reach 1,327,600, a 2.1% increase from October 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData. October 2024 has 27 selling days, 2 more […]
LKQ Corporation Reports Revenue of $3.6 Billion in Third Quarter
Overall revenue up 0.5% compared to last year. Parts and services organic revenue up in Europe, down in North America. LKQ Corporation (NASDAQ: LKQ) today reported revenue for the third quarter of 2024 was $3.6 billion, an increase of 0.5% compared to $3.6 billion for the third quarter of 2023. Parts and services organic revenue […]
U.S. Length of Rental Continued to Decline in Third Quarter
Overall length of rental (LOR) in the U.S. for collision-related rentals in Q3 2024 was 16.3 days, a 1.2-day decline from Q3 2023 according to a report from Enterprise Rent-a-Car. During 2022 and 2023, many factors affected the collision repair industry, including supply chain issues, parts delays, and shifting workforces and driving patterns. However, we […]
Matt Pettoni Named CFO at CollisionRight
CollisionRight LLC announced the hire of Matt Pettoni as the company’s Chief Financial Officer. Pettoni brings over 20 years of finance experience and over 15 years of experience in the automotive industry. His addition to the CollisionRight executive team re-enforces the company’s commitment to its accelerated growth in the coming years. Matt Pettoni joins CollisionRight […]
ALLDATA Repair Planner Available on CCC Secure Share Network
ALLDATA has announced that the ALLDATA Repair Planner, the latest addition to the company’s integrated collision repair platform, is now available on the CCC Secure Share network. This means that ALLDATA Repair Planner customers can have their estimates imported automatically and securely from CCC Secure Share to ALLDATA Repair Planner. CCC Secure Share makes it […]
Hurricane Helene and Milton Damages Will Significantly Impact Profitability of U.S. Insurers
Auto insurance premiums likely to increase in affected markets. According to GlobalData, the data and analytics company, recent hurricanes Helene and Milton that have struck the U.S. resulted in widespread devastation, claiming hundreds of lives and causing huge property damages that will impact profitability at property casualty insurers. Hurricane Helene, which struck Florida’s Big Bend […]
ASE ADAS L4 Specialist Certification Helps Shops Optimize Repair Opportunities, Customer Confidence
As more shops are performing advanced driver assistance systems (ADAS) service and repairs, it is important that shops can demonstrate to their customers that the automotive service professionals on staff can diagnose, service and calibrate ADAS on vehicles. The ASE ADAS Specialist Certification test (L4) is a way to help shops optimize repair opportunities on […]
Collision Industry Red Carpet Awards November 5 at SEMA Show
Members of the collision repair industry are invited to attend in the Collision Industry Red Carpet Awards event, held on Tuesday night, November 5, during the 2024 SEMA Show in Las Vegas, Nev. The Red Carpet Awards featured prestigious recognitions from industry organizations that celebrate standout achievements and character within the collision repair industry. The […]
Empire Auto Parts Announces Collision Repair Scholarship Recipients
Empire Auto Parts, the distributor of aftermarket collision repair parts, announced Jesse Kyles and Jamaal Medford as the inaugural recipients of $2,000 scholarships from its Empire Auto Parts Scholarship Fund. The scholarship fund was initially created as part of Empire’s celebration of Black History Month in February 2024 and is administered by the TechForce Foundation. […]
VIVE Collision Marks 50th Location with Acquistion
Adds new collision repair center in Newington, Conn., its fourth in the state. VIVE Collision announced the addition of its 50th location. The newly acquired 14,000 sq. ft. location, Bryon’s Auto Body Powered by VIVE, is located at 172 Kelsey St. in Newington, Conn. The new location is also the fourth VIVE location in Connecticut. […]
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