Index holding above year-ago levels. The Manheim Used Vehicle Value Index (MUVVI) declined 1.6% in April from a multi-year high in March, easing to 211.9 on a mix-, mileage- and seasonally adjusted basis, Cox Automotive reported May 7. The index remained 1.8% above April 2025 even as the spring market cooled. Wholesale price levels are […]
WIN Awards 2026 Scholarships and Tool Kits to 39 Collision Repair Students
The Women’s Industry Network awarded more than $50,000 in scholarship funding and tool kits to 39 collision repair students for 2026, the organization announced May 7. The recipients were selected from more than 100 applications submitted to the program, which the organization administers in partnership with the Collision Repair Education Foundation. The announcement coincides with […]
Mercury, Olympus Partner on Bundled Auto-Home Coverage in Florida
Mercury Insurance (NYSE: MCY) and Olympus Insurance announced May 7 a joint program that lets independent agents in Florida bundle Mercury auto coverage with qualifying Olympus homeowners policies, with eligible customers receiving a 10% discount on the Mercury auto policy and a 10% discount on the Olympus homeowners policy. The program pairs Mercury, which currently […]
UK Motor Insurance Premiums Hold Steady in First Quarter While Repair Costs Continue to Rise
The average UK motor insurance premium remained nearly flat in the first quarter of 2026 at £560, but the average accidental damage claim climbed to £3,699 — up 8% from the prior quarter — as parts prices and increasing vehicle complexity continued to push repair costs higher, the Association of British Insurers reported April 30. […]
Southern Farm Bureau Cuts Louisiana Auto Rates 10.6%
Six insurers finalize filings through April. Louisiana Insurance Commissioner Tim Temple has finalized six private passenger auto insurance rate filings through the end of April, led by a 10.6% decrease from Southern Farm Bureau Casualty Insurance Company that will save 39,332 policyholders approximately $16 million in premiums. The Southern Farm Bureau cut, applied to the […]
Gee Automotive Acquires 15 Jim Click and Tuttle-Click Dealerships, Three Collision Centers
Gee Automotive Companies has completed its acquisition of 15 dealerships and three collision repair centers from the Jim Click Automotive Team in Southern Arizona and the Tuttle-Click Automotive Group in Southern California, the company announced May 6. The deal closed April 28 and includes nine Tucson-area stores from Jim Click and six Orange County stores […]
Kia Approves Hunter’s ADAS Alignment and Calibration System
Kia has approved Hunter Engineering’s Ultimate ADAS alignment and calibration system for use in its North American dealer and collision repair network, the company announced April 21. The approval makes Kia the eighth original equipment manufacturer to endorse the system and the first Korean automaker on Hunter’s approval list. For collision repairers and dealership service […]
Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs Launch Enterprise AI Services Firm
Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs said May 4 they have formed a new AI-native enterprise services firm that will work with companies to bring Anthropic’s Claude into core business operations. The standalone entity will have Anthropic engineering and partnership resources embedded directly within its team. The new firm is also backed by […]
AAA Study Finds Cold Weather Cuts EV Range 39%, Hybrid Fuel Economy 23%
Companion research shows consumer purchase sentiment migrates toward hybrid vehicles. Extreme temperatures sharply reduce the efficiency of electric vehicles and hybrids and drive up operating costs, with cold weather hitting both powertrains harder than heat, according to research released May 1 by AAA. AAA’s automotive engineering team, working with the Automobile Club of Southern California’s […]
Axalta Reports Sales of $1.25 Billion in First Quarter
Axalta Coating Systems Ltd. (NYSE: AXTA) reported first quarter net sales of $1.25 billion, down 1% year-over-year, as the global coatings company beat its own guidance on revenue, adjusted earnings and adjusted earnings per share while delivering record first quarter cash generation. The company posted net income of $91 million, down 8% from the prior […]
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