Sentiment remains below year ago levels Consumer sentiment rose 10.5% compared to May in the final June 2026 reading from the University of Michigan Surveys of Consumers, snapping a three-month slide as easing gasoline prices brought households some relief. The Index of Consumer Sentiment climbed to 49.5 from May’s record-low 44.8, though it stayed well […]
Copart CEO Jeff Liaw to Step Down, Jay Adair to Return as Chief Executive
Copart Inc. (NASDAQ: CPRT) said Chief Executive Officer Jeff Liaw will step down as CEO and director effective July 31, and that the board has appointed Executive Chairman Jay Adair to resume the top role he held for more than a decade before Liaw. Liaw will support the transition as special advisor to Adair. Liaw […]
AASP/NJ Meeting Frames Appraisal Rights, Customer Involvement as Tools for a Harder Claims Market
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) used a June 24 general meeting to press collision repair facility owners to lean on tools such as the right to appraisal, assignment of proceeds and small claims court — and to draw customers into their own claims — as insurers total vehicles faster and […]
SCRS Forms ADAS Repair Division, Names Five-Member Governing Council
The Society of Collision Repair Specialists has established an ADAS Repair Division and named an inaugural five-member Governing Council, creating a dedicated platform for the diagnostics, calibration and advanced driver assistance systems (ADAS) repair professionals who have emerged as a distinct specialty within collision repair across North America. As ADAS content has spread across the […]
BASF Coatings Names Executive Committee to Lead Standalone Company
Sale to Carlyle Group expected to close next week. BASF Coatings has named the seven-member executive committee that will run the automotive coatings business as an independent company beginning July 1, when its sale to Carlyle Group is expected to close. The committee will be led by incoming chief executive officer Jens Luehring. The appointments […]
Carfax Used Car Index Rises 1.3% in June as Price Increases Level Off
Used-vehicle listing prices on Carfax rose 1.3% in June, an average of slightly more than $350 per vehicle, a marked slowdown that suggests the run-up in used-vehicle values may be starting to level off even as prices continue to climb across every segment, according to data released by Carfax. The June increase was less than […]
Polestar Refocuses on Europe After U.S. Denies Connected Vehicle Rule Authorization
Polestar will stop selling new model-year vehicles in the United States after the U.S. Department of Commerce’s Bureau of Industry and Security declined to grant the Swedish electric vehicle maker an authorization under the federal Connected Vehicle Rule, the company said June 25. The decision bars Polestar from selling vehicles in the U.S. from model […]
Former Michigan Police Officer Pleads No Contest to Falsifying Salvage Vehicle Inspections
Johnathan Chase, a former police detective who served as the sole salvage vehicle inspector for a southwest Michigan department, has pleaded no contest to falsifying state salvage vehicle inspection forms, Michigan Attorney General Dana Nessel announced June 18. Inspectors verify that extensively damaged or reconstructed vehicles are safe to drive and that their components cannot […]
Cox Automotive Forecasts Steady June New Vehicle Sales Pace
Sales projected up year over year, but down from May. New-vehicle sales are on track to finish June at a seasonally adjusted annual rate near 16.1 million units, little changed from May and roughly in line with the pace set in March and April, Cox Automotive said in a forecast released June 24. June sales […]
Kinetic Enters Arizona with Two Phoenix ADAS Hubs, Opens First Los Angeles-Area Location
Kinetic, which operates a network of advanced driver-assistance systems (ADAS) calibration and diagnostics hubs, has opened three new facilities — two in Phoenix and one in Inglewood, California — expanding its third-party calibration network to 11 locations across four states. The Phoenix openings mark the company’s entry into Arizona. The hubs provide appraisal, diagnostics, programming […]
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