The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) is supporting proposed legislation that would require all automobile insurance policies in the state to include an appraisal clause. Assembly Bill 6106 was filed Nov. 24 by Reps. Dan Hutchinson (D-District 4) and Cody Miller (D-District 4). The bill is a companion to SB 4534, […]
Wholesale Used Vehicle Prices Rise 1.3% in November
While up month-over-month, the results were flat year-over-year. Wholesale used vehicle prices adjusted for mix, mileage, and seasonality increased 1.3% in November compared to October, according to the Manheim Used Vehicle Value Index released by Cox Automotive. The seasonally adjusted index reached 205.4, essentially unchanged from November 2024. The increase runs counter to the typical […]
Nancy Pierce Named CEO at GEICO
Todd Combs departs for role at JPMorgan. Adam Johnson appointed president of Berkshire Hathaway’s consumer products, service and retailing businesses including automotive. Berkshire Hathaway announced today that Nancy L. Pierce has been name chief executive officer of GEICO, effective immediately. Todd A. Combs is exiting the role to join JPMorgan Chase & Co. Pierce, who […]
Classic Collision Acquires 9 Location MSO with Facilities in Georgia, South Carolina
Classic Collision has acquired Kendrick Paint & Body, adding nine collision repair facilities in Augusta, Martinez and Evans, Ga., as well as Aiken, S.C. Kendrick Paint & Body, founded in 1952, was the largest family-owned collision repair network in the Central Savannah River Area. Atlanta-based Classic Collision operates 362 collision repair facilities nationwide.
CSN Collision Adds Repair Facility to Network in Spring, Texas
CSN Milstead Collision, a family-owned collision repair facility in Spring, Texas in the Houston area, has joined the CSN Collision Network. The Milstead family has operated automotive businesses in the region for more than 50 years. Dick Milstead founded Milstead Automotive in 1971, and the family opened the collision repair facility in 2000. “When we […]
WIN Opens Registration for 20th Annual Conference in Tucson
The Women’s Industry Network (WIN) has opened registration for its 2026 Annual Conference, marking the organization’s 20th anniversary. The conference will be held May 4-6 at the JW Marriott Tucson Starr Pass Resort & Spa in Tucson, Ariz. This year’s theme is Empowering Excellence – 20 Years of Driving Change and Building Leadership. “Help us […]
Consumer Sentiment Rises Slightly in December Preliminary Results
University of Michigan reports sentiment increased 2.3 index points from November in early December, though index remains 28% below year-ago levels. Consumer sentiment rose modestly in early December, climbing 2.3 index points from November, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index reached 53.3 in early December, up 4.5% from […]
New Vehicle Sales Down 5.5% in November as Pull-Ahead Buying Effects Continue
Second consecutive month of year-over-year decline follows surge in early 2025 buying ahead of tax credit expiration and tariff-related price increases. New light-vehicle sales reached a seasonally adjusted annual rate (SAAR) of 15.6 million units in November 2025, marking a 5.5% decline from the same month last year, according to the National Automobile Dealers Association […]
State Insurance Regulators Oppose Federal AI Moratorium, Cite Risk to Claims Operations
State insurance regulators have urged Congress to reject proposals for a federal moratorium on artificial intelligence regulation, warning that overly broad definitions could disrupt routine insurance operations including claims processing and underwriting. The National Association of Insurance Commissioners (NAIC) sent a letter yesterday to Senate and House leadership opposing any federal moratorium on state legislative […]
North Carolina Man Sentenced for Selling Dangerous Counterfeit Car Airbags
The U.S. Attorney’s Office for the Eastern District of North Carolina announced Wednesday, that on September 30, a federal judge sentenced a Raleigh, N.C. man to one year and a day for importing and selling thousands of counterfeit car airbags into the Raleigh area over the past two years. The defendant, Mateen Mohammad Alinaghian, 31, […]
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