After a monthly decline in December, auto insurance price increases returned in January versus the previous month. Auto body price growth is slower. The most recent government figures on inflation through January 2019 indicate the rate of growth of auto body repair prices has been growing, but is somewhat flat on a month-over-month basis. Even […]
Illinois Legislation Seeks to Mandate Repairers Use OEM Collision Repair Procedures, Requires Written Customer Authorization for Aftermarket Parts
Senate Bill seeks to amend the Illinois Automotive Collision Repair Act to require repair facilities to follow OEM procedures. Legislation introduced on February 15 in Illinois seeks to prohibit repair facilities and installers from using procedures that do not comply with original equipment manufacturer (OEM) specifications. Senate Bill 2104 (SB 2104) would also expand existing […]
CARSTAR Adds Collision Repair Center to Network in Washington State
CARSTAR announced the addition of CARSTAR Cornforth Campbell North, a 12,500 square foot facility located at 407 East Main Ave., in Puyallup, Wash., to its network of independently-owned collision repair centers. CARSTAR Cornforth Campbell, Kurt Johnson’s first facility, has an over 80-year history in the community as the local choice collision repair center. Their first […]
AutoNation Names USAA COO Carl Liebert as New CEO and President
Mike Jackson to become executive chairman effective March 11. AutoNation, Inc. (NYSE:AN) announced that the Company’s Board of Directors unanimously voted to appoint Carl Liebert as AutoNation’s new Chief Executive Officer and President, effective March 11. Cascade Investment and ESL Investments, long-term investors and the two largest AutoNation shareholders, fully support the Board’s decision. Liebert […]
Collision Repair and Restoration Instructor and Student Featured on Autolab Radio Tomorrow
Live broadcast to feature instructor and incoming student. A Pennsylvania College of Technology collision repair and restoration instructor and a New York high school senior planning to enroll in the Williamsport, Pa. college’s automotive restoration technology major will be among the guests on Saturday’s broadcast of The Auto Lab, a radio series about the automotive […]
Uni-Select Inc. Reports Sales Up 1.1 percent in Fourth Quarter
Announces search for new president and CEO. Launched performance improvement and rightsizing plan for FinishMaster US. Uni-Select Inc. (TSE:UNS) reported on its earnings for the fourth quarter of 2018 and full year results. The company provided updates on its search for a new president and CEO and its previously announced review of “strategic alternatives” for […]
Copart Reports Fiscal Second Quarter Revenue Up 5.6% Revenue Increase
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended January 31. For the three months ended January 31, 2019, revenue, gross profit, and net income were $484.9 million, $208.2 million, and $131.4 million, respectively. These represent an increase in revenue of $25.8 million, or 5.6 percent; an increase in gross profit of $16.6 million, […]
IIHS Reports Autobraking Systems Reduce Accidents But Could Be Improved
In the latest edition of the Insurance Institute for Highway Safety (IIHS) Status Report, the organization reports on the results of a new study into the performance of auto braking systems designed to reduce collisions. According to the report, when it comes to preventing typical front-to-rear crashes, automatic emergency braking is a proven winner. But, […]
GEICO Board Adds Corbin and Hoagland, Announces Other Officer Changes
GEICO announced that Pionne Corbin and Rick Hoagland have been elected to the GEICO Board of Directors. Corbin is senior vice president with oversight responsibilities for the company’s operations in Florida, the Southeast, the Midwest and Centralized Services. Corbin, based at GEICO’s Lakeland, Florida, regional office, began her career at GEICO in 1993 as a […]
Auto-Owners Insurance Acquires Capital Insurance Group
CIG provides personal lines and commercial insurance in the Western U.S. Auto-Owners Insurance announced an agreement to acquire Capital Insurance Group (CIG), a regional property & casualty insurer serving the western U.S. since 1898. CIG insures personal lines and a range of commercial and agricultural businesses in California, Washington, Oregon, Nevada and in Arizona, where […]
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