Penske Automotive Group, Inc. (NYSE: PAG) has acquired Bill Brown Ford of Livonia, Mich. The Presidio Group LLC, an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, announced it advised the Brown family on the sale. The transaction included the Bill Brown […]
Axalta Announces Partnership with CESVIMAP and Move2Green Sustainability Program
Partnership will initially launch in the Europe, Middle East and Africa region. Axalta (NYSE: AXTA) announced a partnership with CESVIMAP R&D Centre, a leader in research and development for the collision repair industry. Through this partnership, Axalta’s refinish customers will have access to CESVIMAP’s Move2Green sustainability program which offers an online, self-assessment questionnaire to evaluate […]
Thomas Andrade Nominated to Join Automotive Recyclers Association Executive Committee
The Automotive Recyclers Association (ARA) announced that Tom Andrade of Everett’s Auto Parts. in Brockton, Massachusetts has been nominated to join the Association Executive Committee as Secretary for 2024-2025. Andrade is currently Controller and General Manager for Everett’s, a family-owned business founded in 1951 by Everett Andrade and operated by Roy & Mark Andrade after […]
California BAR Workshop on Proposed Storage and Towing Fees Regulation July 18
The Bureau of Automotive Repair will hold its second workshop on the proposed regulations. The California Bureau of Automotive Repair (BAR) announced it will host a second public workshop to discuss proposed regulations on storage and towing fees on July 18. The workshop will be held after the conclusion of the July BAR Advisory Group […]
Crash Champions Acquires Collision Repair Center in New Hampshire
Crash Champions announced the company is expanding its New Hampshire footprint with the acquisition of Auto City Collision Center, located at 90 South Commercial Street in Manchester. The acquisition was finalized on Friday, July 12 with operations transitioning to Crash Champions effective immediately. “This is another exciting step forward as we continue to expand the […]
AutoNation Reports CDK Cyberattack Will Negatively Impact Earnings by $1.50 per Share
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 […]
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