The National Association of Mutual Insurance Companies has called on the U.S. Department of Justice to establish a task force to investigate and prosecute staged car crashes used for insurance fraud. NAMIC President and CEO Neil Alldredge sent a letter to Attorney General Pam Bondi requesting the task force, citing the prevalence of coordinated schemes […]
New IIHS Study Shows Vehicle Blind Zones Expanded Dramatically Over 25 Years
Study finds forward visibility declined as much as 58% over multiple vehicle redesign cycles. Forward blind zones in six top-selling passenger vehicles grew substantially from 1997 to 2023 as pedestrian and bicyclist deaths soared, according to a study using a new measurement technique developed by the Insurance Institute for Highway Safety. The study, led by […]
IAA Expands to Panama Through Market Alliance
RB Global Inc. (NYSE: RBA) announced its Insurance Auto Auctions (IAA) unit has formed a market alliance with Moto Leader Group International to establish an auction center in Panama. The partnership will allow MLG International to operate an IAA auction center, providing local services to buyers who want to browse and bid on vehicle inventory. […]
ASE Instructor Training Conference Registration Still Open
The ASE Education Foundation said Monday that registration remains open for its annual instructor training conference scheduled for July 21-24 in St. Louis, Mo. The conference will host hundreds of high school and college instructors from automotive, truck and collision repair programs across the country. The event offers more than 20 hours of technical training […]
Consumer Sentiment Up in June
Index up for the first time this year, but consumers remain guarded. Consumer sentiment improved in June for the first time in six months, climbing 16% from last month but remaining about 18% below December 2024, when sentiment had exhibited a post-election bump, according to the University of Michigan’s Survey of Consumers final report for […]
AkzoNobel to Sell AkzoNobel India to JSW Group
Akzo Nobel N.V. has signed an agreement to sell its shareholding in Akzo Nobel India Limited (ANIL) to the JSW Group, one of India’s leading diversified conglomerates. The transaction is based on a total enterprise value of approximately €1.4 billion ($1.64 billion), representing an EV/EBITDA multiple of 22x, and includes AkzoNobel’s liquid paints and coatings […]
YANG Announces Automotive Aftermarket Charitable Foundation Donation
The Young Auto Care Network Group (YANG), an Auto Care Association community of young industry professionals under the age of 40, announced its support of the Automotive Aftermarket Charitable Foundation (AACF) and its mission to providing critical support to industry members and their family during personal crises as an ongoing commitment. The YANG community is […]
KLST Abra Celebrates 30 Years Anniversary
The KLST Abra franchise marked its 30th anniversary serving Minnesota consumers on June 13. Founded in 1995 by Kedrick and Louann Johnson, along with their sons Scot and Todd, the KLST Abra franchise began with a single shop on Carson Avenue in Elk River, Minn. The business has since grown into a multi location enterprise. […]
New Vehicle Sales Expected to Cool in June After Spring Surge
While down month over month, sales are expected to come in above June 2024. Annual sales forecast increased. New-vehicle sales are expected to slow in June following a spring surge driven by tariff concerns, according to a forecast from Cox Automotive released Wednesday. The seasonally adjusted annual rate is projected to reach 15.3 million vehicles […]
Early-Bird Registration for SEMA Show in Las Vegas Ends Friday
Early-bird attendee registration for the 2025 SEMA Show scheduled for November 4-7 at the Las Vegas Convention Center in Las Vegas, Nev. ends tomorrow June 27. Registration for qualified professional attendees costs $50 through June 27, increasing to $75 thereafter and $100 beginning September 27. A SEMA Show badge provides access to both the SEMA […]
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