Kelley Blue Book estimates new vehicle sales at 1.13 million units for the month, a 17.4 million seasonally adjusted annual rate. New-vehicle sales are expected to decrease 3 percent year-over-year to a total of 1.13 million units in January 2017, resulting in an estimated 17.4 million seasonally adjusted annual rate (SAAR), according to Kelley Blue […]
Copart Opens its 13th Location in Florida
Copart, Inc. (NASDAQ:CPRT) announced the addition of its Orlando North location in Apopka, Florida. The location is Copart’s 13th location in the Sunshine State. “We have been steadily growing our footprint for months now, and I’m pleased to continue that trend into 2017 with this being the third new location we have announced in the […]
Collision Repair Education Foundation Sets $100,000 Fundraising Goal to Help Chicago High School and College Collision Programs
The Collision Repair Education Foundation announced a goal of raising $100,000 for Chicago Public School and City Colleges of Chicago collision school programs by the NACE Automechanika Chicago show being held this July. Over the next the next 6 months, the Collision Repair Education Foundation will be gathering support and donations from individuals and businesses […]
Schedule Complete For 7th Annual Midwest Auto Body Trade Show
The 7th Annual Midwest Auto Body Trade Show, February 3rd and 4th in Altoona, Iowa welcomes the Collision Repair Industry Education Foundation Student Education Day and Career Fair on Friday. The mission of this foundation is to support collision repair educational programs, schools, and students to create qualified, entry-level employees and connect them with an […]
AMi Launches New Online Collision Repair Management Courses
The Automotive Management Institute (AMi) announced the addition of several new online courses for the collision repair segment. The new courses provide credit toward the organization’s Collision Repair Segment certificates and professional designations including: Customer Service Certificate Accredited Automotive Office Manager (AAOM) professional designation Accredited Automotive Manager (AAM) professional designation Accredited Master Automotive Manager (AMAM) […]
Auto Physical Damage Insurance Underwriting Profit Declined from 2005-2015
Latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses has increased. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2015, released this month, illustrates the increasing percentage of underwriting dollars going to pay claims on auto […]
Property/Casualty Insurers Report $1.7 Billion Net Underwriting Loss in First Nine-Months 2016
Third quarter net income was $10.1 billion in third-quarter 2016. Private U.S. property/casualty insurers suffered a $1.7 billion net underwriting loss in the first nine months of 2016—compared to a $7.3 billion net underwriting gain in nine-months 2015—and experienced a drop in net income after taxes to $31.8 billion from $44.1 billion a year earlier, […]
3D Opens 30,000 sq. ft. Collision Repair Facility in Conshohocken, Pa.
David Niestroy, president of 3D Auto Body & Collision Centers, announced the opening of the nearly year- long build of 3D’s newest facility featuring Symach equipment on January 10th in Conshohocken, Pa. 3D’s largest facility, and the largest shop featuring Symach in North America, opened its doors after the almost year-long project which completely transformed […]
Maaco Location in Aston, Pa Re-Opens Under New Management
Maaco has opened its doors once again in Aston, Pa. and is under new management. John Terrizzi, Jr., operates two other Maaco shops in the Commonwealth. “Since I was a child and saw a photo of my father and uncle standing next to a mint condition Model T Ford they restored, I knew this was […]
I-CAR Australia Welcome Fix Auto as Corporate Member
Mark Czvitkovits, CEO of I-CAR Australia, announced that Fix Auto Australia has joined the organization as a Corporate Member. Czvitkovits said, “Fix Auto not only joined as a Corporate Member, but has also indicated its willingness to engage I-CAR to assist in providing the necessary skills and training for its network.” Terry Feehan, Head of […]
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