This year’s extended AAA holiday forecast exceeds pre-pandemic numbers, sets new record. AAA projects 79.9 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period. For the first time, AAA’s forecast includes the Tuesday before and the Monday after Thanksgiving Day to better capture the flow of holiday travelers. […]
U.S. Light Vehicle Sales Projected Up 6% in November Compared to Last Year
On an unadjusted volume level, S&P Global Mobility projects November U.S. light vehicle sales to reach 1.31 million units, growth of 6% from the year ago level. This would translate to a seasonally adjusted rate (SAAR) of 15.9 million units, on trend with the 16.0 million unit mark realized in October. “Retail sales are showing […]
General Motors Insurance Expands to Three New States
General Motors Insurance announced it expanded to three new states including Alabama, Iowa, and Tennessee. The expansion brings the total number of states where its auto insurance is available to 11. In addition to the three new states, currently General Motors Insurance is available in Arizona, Georgia, Illinois, Indiana, Missouri, Ohio, Pennsylvania and Texas. In […]
November 21 AASP/NJ Meeting Featured Mike Anderson
Mike Anderson of Collision Advice shared his insight and expertise with the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) community during a full-day workshop on November 21 at the Courtyard Lincroft in Red Bank, N.J. He and his crew of industry professionals demonstrated how “Obstacles are Opportunities in Work Clothes.” “Lots of sales […]
New York State Secures $11.3 Million from Auto Insurance Companies Over Data Breaches
New York Attorney General Letitia James and New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today secured $11.3 million in penalties from two auto insurance companies, the Government Employees Insurance Company (GEICO) and The Travelers Indemnity Company (Travelers), for having poor data security which led to the personal information of more […]
Consumer Sentiment Up in November
Sentiment was up for the fourth consecutive month. Consumer sentiment inched up 1.3 index points in November compared to the previous month according to the University of Michigan’s Survey of Consumers. In November, sentiment extended a stretch of consecutive incremental increases to a fourth month. The Consumer Sentiment Index rose to 71.8 in the November […]
Classic Collision Acquires Second Repair Facility in Newport News
Classic Collision, LLC announced the acquisition of Bowditch Collision Center, located on J. Clyde Morris Blvd in Newport News, Va. “Their reputation for quality, integrity, and commitment to both teammates and customers aligns perfectly with the values we’ve built our business on. We couldn’t be more excited to join forces with Classic Collision,” stated Casey […]
Wesco Group Acquires 360 Paint Supply
The Wesco Group, the paint, body and equipment distributor in the U.S. and Canada, announced that 360 Paint Supply has joined the Wesco Team. 360 Paint Supply started out as a reconditioning supply store and then moved to also selling paint and body shop supplies. In 2019, they moved their Arlington, Texas store to the […]
A.M. Best Reports U.S. Personal Auto Results Show Significant Improvement
Underwriting results in the U.S. private passenger auto insurance segment has shown further stabilization in first-half 2024 following improvements in 2023, according to a new AM Best report. Due to the improved segment performance and other factors, AM Best has revised its outlook on the personal auto segment to stable from negative. According to the […]
LearnEV+ and CarTechIQ Announce Joint Venture to AI-Enable Heavy-Duty Diagnostics
LearnEV+ and CarTechIQ have joined forces to launch GlobalTechIQ, LLC., a joint venture delivering AI diagnostic technology for heavy-duty and off-highway vehicle repairs. This collaboration, operating under the name HeavyDutyIQ, leverages live, context-based AI solutions to transform repair processes and empower technicians with real-time, accurate recommendations. GlobalTechIQ’s AI assistant processes data from a broad array […]
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