The Chinese motor insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.4% from CNY912.2 billion ($127.4 billion) in 2024 to CNY1,125.7 billion ($158.9 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Chinese motor […]
Purchasers Considering EV for Next Vehicle Down Year-Over-Year for First Time in U.S.
J.D. Power says purchase consideration ebbs as charging concerns grow. Consumer demand for electric vehicles (EVs) has cooled as the industry grapples with persistent growing pains, according to the J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study, released May 16. For the first time since the study’s inception in 2021, new-vehicle buyer consideration has […]
BASF Supporting WorldSkills Finals Car Painting Competition
From September 10–15, over 1,500 participants from more than 65 countries will compete in 62 skill competitions at WorldSkills Lyon 2024. In 2022, BASF signed a multi-year global industry partnership as the exclusive sponsor of the Car Painting category of WorldSkills International and will be the global silver partner of the 47th WorldSkills Competition in […]
U.S. Consumers Continue to Switch Auto Insurance at Higher Rates
Leading carriers to continue focus on renewal and retention. According to the LexisNexis Insurance Demand Meter, high demand for new policies in the first quarter showed consumers are still not resigned to higher rates as insurers continue to adjust strategies to retain customers for long-term growth. Key findings of the most recent report include: S. […]
ProColor Collision Adds Repair Facility to Network in Ontario, Canada
ProColor Collision announces the grand opening of its newest location, ProColor Etobicoke South in the Toronto, Ontario market in Canada. Owner Tony Le is a seasoned automotive enthusiast, traces his journey back to his high school days. “When I bought my first car, taking it to a mechanic when it needed repairs was not feasible […]
Collision Engineering Program Expands to North Carolina
Enterprise Mobility, through the Enterprise Mobility Foundation, today announced Sandhills Community College in Pinehurst, N.C., will offer the innovative Collision Engineering program as part of its existing Collision Repair and Refinishing Technology program. Partnering with schools across the country, the Collision Engineering program aims to help fill the more than 110,000 collision technician job openings […]
ASE Offers Communications Tool Kit for June Automotive Service Professionals Month
In recognition of Auto Service Professionals Month (ASPM) in June, the National Institute for Automotive Service Excellence (ASE) has made available free downloadable communications materials and creative assets to help industry organizations support ASPM. Designed as a one-stop web portal, the online ASE Tool Kit gives repair shops, parts suppliers and industry organizations access to […]
Boyd Group Reports Sales Up 10% in First Quarter Compared to Last Year
Same store sales were up 2.2% during the quarter over 2023. Demand impacted by mild winter weather. Boyd Group Services Inc. (TSE: BYD) today announced sales increased by 10.0% to $786.5 million in the first quarter ended March 31, up from $714.9 million in the same period of 2023. The company reported same-store sales increased […]
CSN Collision Adds Repair Facility to Network in Quebec
CSN Collision announced the addition of CSN Rénovauto, located at 691 Chemin du Lac in Boucherville, Quebec, to its network Louis Carignan, founder of CSN Rénovauto, reflects on the shop’s beginnings said, “Our vision was to offer high-quality auto detailing and body repair services. Through word-of-mouth, we established a strong and trusted network within the […]
German Court Rules in Favor of Belron Over Access to Data from OBD Port on FCA Vehicles
Belron today is celebrating ruling in the Regional Court of Cologne in favor of its Carglass Germany subsidiary and ATU, Germany’s largest chain of auto repair shops, as victory for a fair and level playing field in the automotive aftermarket. According to the company, the decision from the Regional Court of Cologne in a case […]
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