Opus IVS announced its upcoming series of live training events aimed at equipping automotive technicians with the skills and knowledge needed to excel in the rapidly evolving automotive repair landscape. Training will cover diagnostic and programming functions across multiple vehicle lines. The Opus IVS training events will take place in three locations across the United […]
Driven Brands Authorizes $50 Million Share Repurchase Program
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced that its Board of Directors has authorized the Company, at its discretion, to repurchase up to $50 million of its common shares outstanding through March 31, 2025. The share repurchase will be funded through a combination of cash on hand, cash flow from operations, and the Company’s revolving […]
U.S. Employer Health Care Costs Projected to Increase 8.5% Next Year
AON projection is nearly double the increase recorded this year. Average costs for U.S. employers that pay for their employees’ health care will increase 8.5% to more than $15,000 per employee in 2024, according to Aon plc (NYSE: AON) the global professional services firm. The projection increase, which assumes employers do not implement employee cost […]
Fix Auto USA Adds First Collision Repair Center to Network in Texas
Fix Auto USA announced the opening of Fix Auto Houston, located at 9350 Cypress Creek Parkway in Houston, Texas. This collision repair center is the first Fix Auto USA location in the state of Texas and the fifteenth state nationwide. Fix Auto Houston is owned by Kevin Taylor, a second-generational collision shop owner, who joins […]
Wholesale Used-Vehicle Prices Up Just 0.1% in First Half of August Compared to Last Month
Wholesale prices, however, are down almost 8% compared to last year. Retail prices down 4% year-over-year. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis, increased 0.1% from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index rose to 212.0, which was down 7.8% from the full […]
I-CAR Announces Board Election Results
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the results of its recent Board of Directors election, which concluded on July 15. I-CAR Regular Members overwhelmingly approved the election of six individuals to fill open board seats. The following newly elected board members will serve a 3-year term: Mark Thorpe – Director of Sales […]
Kristi Werner Named CEO of United Recyclers Group
The United Recyclers Group (URG) announced that Kristi Werner, an 18-year veteran of the automotive recycling industry, has been named CEO for the organization. Werner, who joined URG in 2011, was promoted to the role after serving as the Chief Technology Officer. URG, headquartered in Georgetown, Texas, provides products and services tailored to the operational […]
U.S. Auto Insurer Profit Recovery Slow to Materialize
Fitch Ratings says publicly-traded auto insurers continue to report underwriting losses even with higher rates. According to a report by Fitch Ratings, most publicly-traded U.S. personal auto insurers continued to report underwriting losses in the first half of 2023 despite sharper improvement in premium rates. The first half of 2023 was marked by continued unfavorable […]
Classic Collision Acquires Repair Center in Washington State
The multiple collision repair shop operator now has 226 locations in 15 states. Classic Collision, LLC, the Atlanta-Ga.-based multi-site collision repair operator announced it closed the acquisition of a new collision repair center in Kirkland, Wash. For more than 60 years, Lakeside Collision Kirkland has been a valuable pillar in the local community. “Our motto […]
Lift Auto Group Acquires CSN Automacs
Lift Auto Group has acquired CSN Automacs, in Oakville, Ontario, Canada. CSN Automacs has been serving Oakville for over four and a half decades. “I wish them all the success in the world,” previous owner Steve Ingoglia says. “The shop has a lot to offer and a good clientele. I’m happy Lift is keeping the […]
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