The 2023 ASE Instructor Training Conference, a four-day event held last month in Concord, N.C, welcomed hundreds of high school and college instructors from auto, truck and collision repair programs nationwide. Attendees had the opportunity to participate in a wide array of sessions conducted by the transportation industry’s leading trainers and instructors. “This year’s instructor […]
Ford Offers Guidance on Cyber Security Vulnerability on Vehicle Wi-Fi Software
Ford Motor Company (NYSE: F) announced it learned from a supplier that a security researcher discovered a vulnerability in the Wi-Fi software driver supplied for use in the SYNC 3 infotainment system available on some Ford and Lincoln vehicles. Immediately, and in collaboration with them, Ford began developing and validating measures to address the vulnerability. […]
IAA Enhances Selling Platform with Machine Learning Tools for Data Insights
RB Global, Inc. (NYSE: RBA) (TSe: RBA) announced that its subsidiary IAA has released three enhancements to its selling platform. The product enhancements, IAA Vehicle Score, IAA Vehicle Value and the IAA Sales Decision Center , all work together to provide vehicle sellers with information that is critical in helping to optimize their auction strategies […]
Boyd Group Reports Sales of Over $753 Million in Second Quarter
Overall sales were up more than 22%. Same store sales up almost 19%. Boyd Group Services Inc. (TSE: BYD) today announced sales increased by 22.9% to $753.2 million in the second quarter ended June 30, from $612.8 million in the same period of 2022. Same-store sales increased by 18.9%. The second quarter of 2023 had […]
Mitchell Reports Higher Average Severity for Electric Vehicles
Mitchell, an Enlyte company, today announced the availability of its Q2 2023 report: Plugged-In: EV Collision Insights. The report highlights a continued increase in electric vehicle (EV) repairable claims frequency, which rose to 1.49% in the U.S. and 2.64% in Canada last quarter. It also documents the differences in claims severity, post-accident drivability and collision […]
Axalta Releases 2020-2022 Sustainability Report
Axalta Coating Systems (NYSE: AXTA) released its 2020-2022 Sustainability Report, citing progress on its 2030 goals and reaffirming its commitment to a sustainable future. The report is available to download. Axalta is advancing toward achievement of its 2030 ESG goals addressing emissions, waste, water, diversity, community investment, governance, and more. The company’s strategy focuses on […]
North Carolina Insurance Commissioner Causey Negotiates Settlement on Auto Insurance Rates
Settlement will save drivers $1.6 billion over the next two years. Insurance Commissioner Mike Causey announced a settlement with the N.C. Rate Bureau on automobile insurance rates. The settlement is about two-thirds less than the insurance companies had requested. On February 1 the Rate Bureau requested an overall average statewide increase in of 28.4 % […]
1Collision Adds Two Collision Repair Centers to Network in Texas
1Collision announced the addition of On the Road Garage, that operates two collision repair locations in Texas. The Irving facility opened in 2020 and two years later, an additional location was established in Dallas. The company has 40 full-time employees. “We are pleased to be adding our first licensees in the Dallas, Texas area,” said […]
LKQ Donates $50,000 to Support Technician Workforce in Partnership with TechForce Foundation
LKQ Corporation, through the LKQ Community Foundation, and TechForce Foundation have entered into a strategic partnership to support students pursuing a technical education and career as a professional transportation technician. LKQ, the largest provider of alternative vehicle collision replacement products, is concerned over the seriousness of the automotive and collision technician shortage and wants to […]
Inflation and High Catastrophe Losses Projected to Lead to Underwriting Loss for P&C Insurance
The overall P&C industry is forecast to finish 2023 with a net combined ratio at 102.2, nearly identical to the final 2022 result of 102.4. Poor personal lines underwriting performance is the key driver in both years, with personal auto forecast at 109.5 in 2023, according to the latest underwriting projections by actuaries at the […]
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