In an SEC filing today, AutoNation (NYSE: AN) announced that it estimated its earnings per share to be reduced by approximately $1.50 per share due to the result of the CDK Global cyberattack affecting dealer management systems. “As a result of the incident’s impacts, we currently estimate earnings per share for the quarter ended June […]
J.D. Power Reports that EV Demand Stalls Even Though Availability and Affordability Improve
J.D. Power’s June E-Vision Intelligence Report found that while the number of electric vehicle models available and total cost of ownership have improved, EV adoption rates have been flat. Among the key findings of the report: EVs More Widely Available and Affordable Than Ever: The majority of premium (70.1%) and mainstream (55.7%) vehicle buyers now […]
California Governor Increases Police Deployment in Oakland Following Recovery of More than 1,100 Stolen Cars
Ramping up efforts to crack down on crime in California’s East Bay, Governor Gavin Newsom announced he will increase the deployment of California Highway Patrol (CHP) officers in Oakland and announced the recovery of 1,142 stolen cars, the seizure of 55 guns linked to crimes, and the arrests of 562 suspects since February. As part […]
Wholesale Used-Vehicle Prices Declined in June
Manheim reports prices were down month-over-month and year-over-year. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis) were down in June compared to May. The Manheim Used Vehicle Value Index (MUVVI) fell to 196.1, a decline of 8.9% from a year ago. The seasonal adjustment to the index mitigated the impact on the […]
Allstate Reports Hawaii, Minnesota and Washington State Home to America’s Safest Drivers
Drivers are easier on the brakes in the Midwest, move at safer speeds in the Northeast and the Pacific Northwest, and keep their eyes on the road more on the West Coast. Honolulu has the safest drivers in America, according to the 16th Allstate America’s Best Drivers Report . Minneapolis, Seattle, Portland, Oregon, and Virginia […]
Meyer Distributing Adds Location in Louisiana
Meyer Distributing, Inc. announced the addition of its Covington, La. crossdock. The crossdock will have a direct feed from Meyer’s Arlington, Texas distribution hub, which houses one of the largest inventories of automotive accessories, crash and collision, 4×4/Off-Road, and RV parts in the region. “Meyer has expanded inventories significantly in crash and collision parts in […]
Auto Care Association Opens 2024 Fall Leadership Days Registration
The Auto Care Association’s Fall Leadership Days registration is open for association members and its committee and community volunteers to attend in person. The event takes place Sept. 4-6 at the Hilton Baltimore Inner Harbor, in Baltimore, Md. Fall Leadership Days is a three-day event for the association’s top volunteers and engaged members to discuss […]
IIHS-HLDI Research Sees Little Benefit from Partial Automation in Preventing Crashes Beyond Crash Avoidance Systems Like AEB
Compares partial automation features like lane keeping assist to convenience features like power windows and heated seats. Crash records and insurance data offer little evidence that partial automation systems are preventing collisions, research from the Insurance Institute for Highway Safety and the Highway Loss Data Institute shows. “Everything we’re seeing tells us that partial automation […]
GEICO Partners with AsTech to Use Rules Engine on Pre/Post Diagnostic Scan Reimbursement for ARX Shops
In an email to GEICO Auto Repair Xpress (ARX) direct repair facilities, the third-largest private passenger auto insurance company in the U.S. announced a new partnership with asTech that the insurer will use to standardize pricing and speed approvals for diagnostic, programming, and calibration operations. Under the new initiative GEICO ARX facilities can speed reimbursement […]
Distribution Solutions Group to Acquire Source Atlantic
Distribution Solutions Group, Inc. (NASDAQ: DSGR) announced that its operating company, Lawson Products, under its affiliate Lawson Products Canada, Inc. signed an agreement to acquire Source Atlantic Limited. The transaction is expected to close in the third quarter of 2024, subject to regulatory approval and customary closing conditions. Source Atlantic, headquartered in Saint John, New […]
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