In response to a question during its quarterly earnings conference call, Tesla founder Elon Musk explained that the electric vehicle manufacturer was planning to launch an insurance product for Tesla owners. Last year, Tesla began opening its own collision repair centers. When asked if Tesla was considering creating an insurance program to simplify the ownership […]
J.D. Power Reports Direct Sales and Independent Agents Best Positioned to Support Auto Insurers’ Battle for Market Share
With just 2-3 percent of new customers entering the personal lines auto insurance market each year, insurers have only one option when it comes to growing their business: taking market share from competitors. According to the J.D. Power 2019 U.S. Insurance Shopping Study, success in driving new customer acquisition comes down to having a strong […]
Enterprise Announces New Vehicle-Subscription Service Program
Enterprise Holdings yesterday announced it will launch the U.S. car rental industry’s first vehicle-subscription service in the next month. The new program, will initially be available in three states and will include physical damage and liability coverage. “The name of the game in ground transportation today is more access, more flexibility and more convenience – […]
California Bureau of Automotive Repair Proposes New Collision Repair Regulations
Regulator proposes revised definitions for OEM and non-OEM crash parts, require equipment and information necessary to repair vehicle, mandate OEM repair specifications. At a regulatory workshop held April 18 in conjunction with its quarterly advisory committee meeting, the California Bureau of Automotive Repair detailed several proposed changes to collision repair regulations in the state. Among […]
Axalta Reports First Quarter Sales Down on Foreign Currency Impact
Refinish sales down 2.1 percent, but were up 3.5 percent on constant currency basis. Axalta Coating Systems Ltd. (NYSE: AXTA) announced that net sales for its first quarter ending March 31 of $1,119.3 million decreased 4.5 percent year-over-year including a 4.8 percent negative foreign currency impact. Constant currency net sales increased 0.3 percent in the […]
NABC Recycled Rides Donates Two Refurbished Vehicles at United Recyclers Group Annual Conference
On Friday, April 12, two deserving Orlando residents were presented with vehicles to provide them independence and the ability to work and take care of their families – thanks to the National Auto Body Council’s Recycled Rides program; car donors GEICO and State Farm; and collision repair partners CARSTAR Autobody Resurrection of Lakeland, Fla., and […]
Ford and Rivian Announces $500 Million Investment, Partnership to Deliver All-New Battery Electric Vehicle
Rivian today announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform. “This strategic partnership marks another key milestone in our drive to accelerate the […]
Collision Repair Education Foundation Announces Top Tech Competition to Promote Mentoring
The Collision Repair Education Foundation announced a new technician competition for entry-level collision technicians and their mentors. The goal of the competition is to recognize the performance of the next generation of collision repair technicians and their mentors and to help develop more mentoring programs within the industry. The one-day event will take place September […]
New York State Creates Task Force to Address Technician Training
Governor Cuomo announces new task force to develop educational programs to attract and train automotive technicians. New York Governor Andrew M. Cuomo on Saturday announced the creation of a new task force that will develop programs for training auto technicians and enabling participants to directly transition into the industry. The Governor made the announcement of […]
AASP/NJ Supports SkillsUSA Competition
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) supported the 2019 SkillsUSA State Conference collision repair competition held at the Somerset County Vo-Technical School in Bridgewater, N.J. on April 13. Students competed throughout the day where their skills were tested in plastic repair, estimating and structure, welding and sheet metal. AASP/NJ President Jerry […]
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