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Consumer Sentiment Falls on Concerns Labor Markets May Weaken

May 30, 2024 By CollisionWeek Editor

Sentiment fell back about 10% in May, a departure from three consecutive months of very little change in consumer views, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 69.1 in the May 2024 survey, down 10.5% from 77.2 in April but 17.1% above last May’s 59.0. Although consumers’ […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

NAMIC Voices Concern Over Data Privacy Draft Legislation

May 30, 2024 By CollisionWeek Editor

The National Association of Mutual Insurance Companies (NAMIC) is urging lawmakers to address what it believes are significant flaws in privacy legislation approved by a U.S. House subcommittee. The American Privacy Rights Act, approved by the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce, seeks to establish a national privacy standard. However, Jimi […]

Filed Under: News Tagged With: legislation, National Association of Mutual Insurance Companies, Privacy, U.S. House of Representatives

CAWA to Hold Summer Leadership & Educational Forum June 19-21 in Newport Beach

May 30, 2024 By CollisionWeek Editor

CAWA, the non-profit trade association representing automotive parts manufacturers, jobbers, warehouse distributors, retailers and program groups,  announced that the CAWA Leadership & Educational Forum will be held June 19-21 in Newport Beach, Calif. The two-day business meeting focuses on key sessions and presentations from industry experts who will share insight and critical thinking on contemporary […]

Filed Under: News Tagged With: CAWA, Meetings

Justice Department and Federal Trade Commission Seeking Information on Competition Impact of Serial Acquisitions and Roll-Up Strategies

May 29, 2024 By CollisionWeek Editor

Agencies request information on how acquisition strategies impact competition across the economy including aftermarket/repair services. The Justice Department and Federal Trade Commission (FTC) jointly launched a public inquiry May 23 to identify serial acquisitions and roll-up strategies throughout the U.S. economy that the agencies say have led to consolidation and harmed competition. In a joint […]

Filed Under: News Tagged With: Antitrust, Department of Justice, Federal Trade Commission, Regulations

May U.S. Auto Sales Projected Up 3% Over Last year

May 29, 2024 By CollisionWeek Editor

S&P Global Mobility projects new U.S. light vehicle sales volume in May 2024 to reach 1.4 million units.  This unadjusted volume total would be up approximately 3% from the year-ago total, and up 7% from the April 2024 result. The estimated May sales total would translate to a sales pace of 15.6 million units seasonally […]

Filed Under: News Tagged With: New Vehicle Sales, S&P Global Mobility

I-CAR Helps High School Students Navigate an Uncertain Future with Collision Careers Website

May 29, 2024 By CollisionWeek Editor

Amid financial aid delays and concerns about the future, many students have skipped the pressures of May’s Decision Day and are considering an alternative path to a traditional four-year degree by choosing a skilled trade that offers long-term success and financial stability, like automotive collision repair. CollisionCareers.com provides essential information and resources to students, parents, […]

Filed Under: News Tagged With: Collision Careers, Collision Repair Education Foundation, I-CAR, Workforce Development

CARFAX Reports 6.4 Million Vehicles Need Takata Airbags Replaced Ten Year After Start of Recalls

May 29, 2024 By CollisionWeek Editor

Ten years after the National Highway Traffic Safety Administration (NHTSA) mandated the recall of Takata airbags nationwide because of the risk they pose for bodily harm – or even death – to occupants, more than 6.4 million vehicles in the U.S. still have those airbags, according to CARFAX data. More than 2.5 million – roughly […]

Filed Under: News Tagged With: Airbag, Carfax, Recalls, Takata

WIN Announces Record 30 Students Receive Scholarship Program Awards

May 28, 2024 By CollisionWeek Editor

Organization partners with Collision Repair Education Foundation to support women pursuing careers in the industry. The Women’s Industry Network (WIN) has announced a record 30 new recipients of its 2024 WIN College Student Tuition and Conference Scholarship Awards. 2024 also saw a record number of student applications, as WIN partnered with the Collision Repair Education […]

Filed Under: News Tagged With: Awards, Collision Repair Education Foundation, Scholarships, Women's Industry Network

Classic Collision Acquires New Repair Center in Virginia

May 28, 2024 By CollisionWeek Editor

Classic Collision, LLC announced the acquisition of H&T Collision Center in Virginia Beach, Va. H&T Collision opened in July 2005 as a family-owned center and quickly grew to a 13,000 sq. foot location equipped with state-of-the-art equipment. “By doing nothing but quality work and treating our customers right, we have managed to become one of […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Virginia

LKQ Releases Global Sustainability Report

May 28, 2024 By CollisionWeek Editor

LKQ Corporation (Nasdaq: LKQ) today announced the release of its 2023 Global Sustainability Report. The Report describes LKQ’s role in driving sustainable success for its customers, employees, the communities in which they operate and the global circular economy. Additionally, the report includes an enhanced and robust sustainability strategy, demonstrating LKQ’s approach to managing sustainability risks […]

Filed Under: News Tagged With: LKQ Corporation, Sustainability

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