Private equity firm GTCR and activist investor Elliott Investment Management are reported to be in advanced talks to acquire CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCC), Reuters reported Oct. 9, citing a source familiar with the matter. A final agreement had not been reached, and the source did not disclose financial terms, according to Reuters. […]
AASP/NJ Extends Russ Robson Scholarship Nomination Deadline to Oct. 14
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) has extended the nomination deadline for its Russ Robson Memorial Scholarship to Oct. 14. The association will present the scholarship at its annual meeting Oct. 21 at Gran Centurions in Clark, N.J. The scholarship lets member collision repair facilities put training money behind a technician […]
ARA, URG Launch Audited CARE Certification for Automotive Recyclers
The Automotive Recyclers Association and United Recyclers Group launched CARE, the Certified Automotive Recycler of Excellence, a jointly administered certification that requires participating recycling facilities to pass an audit and undergo annual audits to keep the designation. The two groups announced the program Oct. 12. CARE gives insurers, collision repair facilities, mechanical repairers and online […]
Manheim Used Vehicle Value Index Falls 1.1% in September as Cox Automotive Cuts Year-End Outlook
Third-quarter depreciation ran well ahead of seasonal norms as fuel costs and rising interest rates weighed on larger, less efficient vehicles Wholesale used-vehicle prices fell more than usual in September, pulling the Manheim Used Vehicle Value Index (MUVVI) down 1.1% from August to 205.9 on a mix-, mileage- and seasonally adjusted basis, Cox Automotive reported […]
CARSTAR at Auto Beauty Center Marks Grand Opening in Independence, Missouri
CARSTAR at Auto Beauty Center celebrated its grand opening Sept. 24 with a community open house and ribbon-cutting ceremony at its collision repair facility at 3020 S. Jackson Drive in Independence, Mo. The shop joined the CARSTAR network in March under owners Brett Starr and Dillion Starr. The affiliation keeps the business locally owned while […]
Crash Champions Launches 2026 Champions For a Cause Campaign for Susan G. Komen
Crash Champions has launched its 2026 Champions For a Cause campaign, raising money for Susan G. Komen during Breast Cancer Awareness Month through apparel sales and team participation in Komen walk and race events throughout October. The Chicago-based multiple shop operator is serving as a national team sponsor for Komen this year and is taking […]
Geely Auto Enters Canada, Plans First Vehicle Sales in 2027
Geely Auto Group has begun setting up operations and building a retail and service network in Canada for its mainstream Geely Auto brand, with the first vehicles scheduled to reach Canadian consumers in 2027, the Chinese automaker announced Oct. 9. In the U.S., the Commerce Department’s Connected Vehicle Rule bars sales by China-controlled automakers beginning […]
Cargo Vans and Work Pickups Lag in First IIHS Commercial Vehicle Crash Avoidance Ratings
Only one of 11 models earns a good rating in the vehicle-to-vehicle test. Cargo vans and heavy-duty pickups trail passenger vehicles in front crash prevention, according to ratings released Oct. 8 by the Insurance Institute for Highway Safety (IIHS) in the first round of its vehicle-to-vehicle and pedestrian crash avoidance tests for commercial vehicles. […]
I-CAR Adds Diagnostics, Blueprinting and Glue Pull Repair Courses for 2026 SEMA Show
I-CAR will add three courses covering diagnostics and scan tools, the blueprinting process and glue pull repair to its training schedule at the 2026 SEMA Show, Nov. 3-6 at the Las Vegas Convention Center, and will display a vehicle with its advanced driver assistance system (ADAS) sensors identified to show how widespread the technology has […]
Copart Extends ACV Auctions Tender Offer to Oct. 15 as Tendered Shares Pass 50%
Copart, Inc. (NASDAQ: CPRT) has extended its $10.50-per-share cash tender offer for ACV Auctions Inc. (NYSE: ACVA) a second time, moving the expiration to 5 p.m. EDT Oct. 15 to allow the federal antitrust waiting period on the deal to run out. The extension, announced Oct. 8, comes as tendered shares have climbed past the […]