Three years of claims data ranked by share of comprehensive losses rather than claim count puts the Upper Midwest and Northern Plains at the top. Farmers Insurance said Sept. 8 that animal collisions accounted for 74% of comprehensive loss causes in Montana over the three years ending July 31, the largest share of any state, […]
Copart to Acquire ACV Auctions for $1.9 Billion, Expanding Into Dealer Wholesale
Copart, Inc. (NASDAQ: CPRT) has agreed to acquire ACV Auctions Inc. (NYSE: ACVA) for $10.50 per share in cash, valuing the digital wholesale vehicle marketplace at approximately $1.9 billion and extending the salvage auction operator into the dealer-to-dealer channel for the first time. The $10.50 per-share price represents a premium of approximately 45% to ACV […]
Axalta Names Deep Ruby Red ‘Redefined’ as its Global Automotive Color of the Year
Axalta Coating Systems (NYSE: AXTA) unveiled Redefined, a saturated ruby red, as its 2027 Global Automotive Color of the Year, introducing the finish Sept. 8 at Automechanika Frankfurt. Axalta said the finish catches and reflects light with a subtle sparkle, producing depth and dimension the company characterizes as jewel-like. It described the color as a […]
Gas Prices Jump 13 Cents to $4.28 as Crude Climbs Toward $100
The national average price for a gallon of regular gasoline rose 13 cents over the past week to $4.277, AAA reported Sept. 10. Renewed volatility along the Strait of Hormuz has pushed crude oil back toward $100 a barrel, AAA said, lifting pump prices to roughly where they stood in early June. The increase runs […]
Norfolk CBP Officers Seize Over $100,000 in Radiators Imported Under Stolen Identities
Over 1000 automotive radiators confiscated by Customs and Border Protection. U.S. Customs and Border Protection officers seized 1,043 automotive radiators and 420 dehumidifiers at Norfolk, Va., on Aug. 25 after determining both shipments were imported using the stolen identities of two American citizens. CBP trade experts appraised the goods at a combined $292,023. The radiators […]
SEMA Widens ADAS Symposium to Automakers, Safety Researchers and Repair Groups
The Specialty Equipment Market Association’s second annual ADAS Symposium drew 63 attendees representing 47 companies and organizations, broadening a forum that debuted in May 2025 as a discussion of the calibration and compatibility problems facing aftermarket service, repair and vehicle-modification businesses. Co-hosted by MEMA Aftermarket Suppliers, the Sept. 9 event brought in vehicle manufacturers, the […]
Agero Partners With MOTER to Link Connected Vehicle Crash Data to Roadside Dispatch and Claims
Agero has partnered with MOTER Technologies Inc. to route connected vehicle data into roadside dispatch, accident assistance and claims intake, the companies said Sept. 10. The partnership is built on Urgently, the digital roadside assistance platform Agero acquired April 28. The integration is designed to trigger digital roadside and accident assistance automatically when a connected […]
Genuine Parts Names Leaders of Automotive and Industrial Businesses as Company Prepares to Separate
Genuine Parts Company named the leadership teams and board leadership for the two companies it will create when it separates its automotive and industrial businesses, appointing board member Court Carruthers chief executive officer-elect of the automotive company and moving chairman and CEO Will Stengel to the industrial side. The Sept. 9 announcement also settled the […]
Fix Auto UK Adds Degree Apprentices in Program Developed with Admiral Insurance
Fix Auto UK has taken on its first two degree apprentices, pairing paid employment with a university degree in a program the franchise network developed with insurer Admiral. Tiah Glasgow and Dominic Khan started in early September. Glasgow is pursuing a digital marketing degree apprenticeship and reports to Brand and Communications Manager Helen Smith. Khan […]
Banned Chinese Air Bag Inflator Linked to 11th U.S. Death
First inflator found in a Chevrolet Equinox. A defective Chinese-made replacement air bag inflator ruptured in a 2018 Chevrolet Equinox during an Aug. 27 crash in Dallas, killing the driver and marking the 11th U.S. death tied to inflators carrying the DTN60DB identifier, the National Highway Traffic Safety Administration said Sept. 3. The crash was […]
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