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Consumer Sentiment Up Slightly in April

May 1, 2023 By CollisionWeek Editor

Consumer opinions are below year ago levels, but up from all-time low in June 2022. Concerns over gas prices starting to increase again. Consumer sentiment was essentially unchanged in April, edging up less than two index points from March, according to the University of Michigan Surveys of Consumers. The chart above shows the Consumer Sentiment […]

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

U.S. Length of Rental Up Half Day in Q1 Compared to 2022

May 1, 2023 By CollisionWeek Editor

Length of Rental (LOR) in Q1 2023 was 18.7 days, an increase of one-half day from Q1 2022, according to the latest data from Enterprise Rent-A-Car. Alaska had the highest LOR at 22.7 days, followed by Colorado and Louisiana – both at 21.6. Oklahoma and Oregon were next highest at 21.4 days. Four additional states […]

Filed Under: News Tagged With: Enterprise Rent-A-Car, Length of Rental

More U.S. New-Vehicle Shoppers Dig in Their Heels on Internal Combustion Engine Vehicles

May 1, 2023 By CollisionWeek Editor

According to the latest research from J.D. Power, while more consumers are considering an electric vehicle (EV) for their next new vehicle, a growing number of consumers say they are very unlikely to consider an EV purchase for their next vehicle purchase. Key Findings of the study include: EV Holdouts Become More Resolute: Despite recent […]

Filed Under: News Tagged With: Electric Vehicles, J.D. Power

AIA Canada Announces Young Leader and Distinguished Service Award Winners

May 1, 2023 By CollisionWeek Editor

The Automotive Industries Association of Canada (AIA Canada) announced the recipients of the 2023 AIA Canada Distinguished Service Award and the Young Professionals in the Aftermarket (YPA) Young Leader of the Year Award. The award presentations took place during the AIA Canada National Conference held on April 25-26, in Toronto, Ontario, Canada. Brad Cochrane of […]

Filed Under: News Tagged With: Automotive Industries Association of Canada, Awards, Canada

AASP/NJ Northeast Trade Show Panel Examined How to Overcome Shops’ Everyday Challenges

May 1, 2023 By CollisionWeek Editor

As a business owner or manager, the everyday challenges can sometimes seem insurmountable, but even the toughest dragons can be slain with a little preparation. A highlight of AASP/NJ’s NORTHEAST 2023 Automotive Services Show was the panel discussion on “Slaying the Dragon: Manageable Actions for Shop Success” which featured AASP/NJ Executive Director Charles Bryant, AASP/NJ […]

Filed Under: News Tagged With: AASP/NJ, Cycle Time, Direct Repair Programs, New Jersey, Northeast Trade Show, OEM Certification

MOTOR Announces Update to Refinish Time Guidance for Blending Adjacent Panels

April 28, 2023 By CollisionWeek Editor

MOTOR Information Systems (MOTOR), a Hearst company, announced today it will make a change to the Estimated Worktime Development Methodology for color blend of adjacent panels within the MOTOR Guide to Estimating (GTE). The change is designed to account for variations in modern vehicle paint refinishing and will be made in October 2023 as part […]

Filed Under: News Tagged With: Estimating Systems, Motor Information Systems, Refinish

ASE Education Foundation Announces Instructor Training Conference Course Topics

April 28, 2023 By CollisionWeek Editor

The ASE Education Foundation announced speakers and topics that will be featured at its July 17- ASE Instructor Training Conference 20 in Concord, N.C. Hosted by the ASE Education Foundation, the training event will be attended by high school and college instructors from auto, truck and collision repair programs nationwide. “Each year, some of the […]

Filed Under: News Tagged With: Annual Conference, ASE Education Foundation

Michael Wise Nominated to Be Next Director of the South Carolina Department of Insurance

April 28, 2023 By CollisionWeek Editor

South Carolina Governor Henry McMaster nominated Michael Wise to be the next director of the South Carolina Department of Insurance (DOI). Wise has worked at DOI since 2009 and currently serves as the agency’s acting director following the April 2022 retirement of former Director Ray Farmer. Prior to being acting director, Wise served as the […]

Filed Under: News Tagged With: Insurance Commissioner, People, South Carolina

Uni-Select Shareholders Approve Acquisition by LKQ

April 27, 2023 By CollisionWeek Editor

Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, announced that its shareholders have approved the previously announced plan of arrangement under the provisions of the Québec Business Corporations Act involving Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation. In February, LKQ and Uni-Select announced that they have entered into a definitive […]

Filed Under: News Tagged With: FinishMaster, LKQ Corporation, Uni-Select

LKQ Corporation Reports Revenue of $3.3 Billion in First Quarter

April 27, 2023 By CollisionWeek Editor

Parts and services organic revenue growth was 7.9%. The LKQ Corporation (NASDAQ:LKQ) today reported revenue was $3.3 billion in the first quarter of both 2023, even with the first quarter of 2022. For the first quarter of 2023, parts and services organic revenue increased 7.9%, 7.1% on a per day basis, while the net impact […]

Filed Under: News Tagged With: Earnings, LKQ Corporation, Uni-Select

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