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89.6 Million Auto Sales Forecast Worldwide in 2025

January 2, 2025 By CollisionWeek Editor

US sales volume projected to reach 16.2 million vehicles. Battery electric vehicles projected to continue growth in market share. Global new light vehicle sales in 2025 are expected to rise 1.7% year-over-year, to 89.6 million units, according to a new forecast by S&P Global Mobility. The global auto sector remains focused on managing production and […]

Filed Under: News Tagged With: New Vehicle Sales, S&P Global Mobility

Nissan, Honda and Mitsubishi to Consider Business Integration

January 2, 2025 By CollisionWeek Editor

Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. announced in December they have signed a memorandum of understanding (MOU) to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company. If the business integration can be realized, the companies aim to integrate their respective […]

Filed Under: News Tagged With: Acquisitions, Honda, Mitsubishi, Nissan

Happy Holidays from CollisionWeek

December 13, 2024 By CollisionWeek Editor

Happy Holidays from the staff of CollisionWeek. We wish you and your family a safe and happy holiday season and thank you for your support in 2024. While we will keep an eye out for breaking news during the holiday period, daily news coverage, including emails, will resume on January 2, 2025.

Filed Under: News

Backyard Competition: Analysis of U.S. Collision Repair Non-Employers

December 13, 2024 By CollisionWeek Editor

The number of small collision repairers in the U.S. without employees reported record revenue in 2022. As the collision repair industry continues to grow following the pandemic as evidenced by our reports detailing the number of independent repair facilities with payroll and collision repair production, the number of smaller repairers, those without payroll, remain at […]

Filed Under: Research Tagged With: Collision Repair Revenue, Non-Employer

Record Number of Holiday Travelers Expected

December 13, 2024 By CollisionWeek Editor

AAA projects more than 119 million Americans will travel over the year-end holidays. AAA projects 119.3 million people will travel 50 miles or more from home over the year-end holiday period from Saturday, December 21 to Wednesday, January 1. This year’s domestic travel projection narrowly surpasses the previous record set in 2019 by 64,000 travelers. […]

Filed Under: News Tagged With: AAA, Holiday Travel

Collision Repair Education Foundation End of Year Scholarship Fundraiser Highlights Success Stories of Past Recipients

December 13, 2024 By CollisionWeek Editor

The Collision Repair Education Foundation (CREF) is highlighting “Where Are They Now?” in a series of profiles of past scholarship recipients as it seeks to raise $20,000 at the end of 2024 to fund additional scholarships collision repair students. The profiles and a link to donate are available online. The series showcases the journeys of […]

Filed Under: News Tagged With: Collision Repair Education Foundation, Fundraiser, Scholarships, Workforce Development

NABC to Host Three Changing and Saving Lives Golf Events in 2025

December 13, 2024 By CollisionWeek Editor

The National Auto Body Council announced it will host three golf events in 2025 through the Changing and Saving Lives Foundation, making sponsorship and golf donations tax-deductible for companies and participants. It also will continue to offer the popular full-season sponsorship program, making it more affordable and more efficient to be a partner in the […]

Filed Under: News Tagged With: Golf Outing, National Auto Body Council

NHTSA Announces $171 Million in Grants to Upgrade Crash Data Collection Systems

December 13, 2024 By CollisionWeek Editor

The National Highway Traffic Safety Administration announced $171 million in grants to 19 states and territories to upgrade and standardize their crash data systems. The system upgrades will improve the accuracy, timeliness, and accessibility of fatality information, including data about pedestrians and cyclists, through enhanced intrastate data sharing and electronic transfers to NHTSA. The states […]

Filed Under: News Tagged With: NHTSA

Collision Repair Industry Production Up in October

December 12, 2024 By CollisionWeek Editor

Production in October was up both year-over-year and month-over-month. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary October collision repair employment, hours worked and wages indicated production was up compared to September and up from October 2023. Production in June through September […]

Filed Under: Research Tagged With: Collision Repair Industry Production, Employment, Wages, Women Employment

ProColor Collision Adds Repair Facility to Network in East Los Angeles

December 12, 2024 By CollisionWeek Editor

ProColor Collision announced the addition of a new collision repair center to its network in East Los Angeles. The newest ProColor Collision in California is owned and operated by Armando and Elisa Flores and is located at 4435 East Olympic Blvd. “We are happy about our future with ProColor Collision,” said Armando Flores. “We purchased […]

Filed Under: News Tagged With: California, Network Affiliations, ProColor Collision

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