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U.S. Light Vehicle Sales Up Over 13% in First Half of 2023

July 7, 2023 By CollisionWeek Editor

Light Vehicle sales likely totaled 1.38 million units in the U.S. during June, according to GlobalData, with most OEMs reporting. June was another month of robust activity, as the market continued to shrug off concerns over an economic slowdown later in the year. The June selling rate was estimated at 15.8 mn units/year, up from […]

Filed Under: News Tagged With: GlobalD, New Vehicle Sales

Audi and Volkswagen Donate 78 Damaged Vehicles to Collision Repair School Programs

July 7, 2023 By CollisionWeek Editor

The Collision Repair Education Foundation (CREF), Audi of America, and Volkswagen of America announced that they have partnered to donate 78 Audi and Volkswagen vehicles to collision repair school programs throughout the United States. These donations will enhance the education of thousands of collision repair students and support the next generation of the automotive workforce. […]

Filed Under: News Tagged With: Audi, Career and Technical Education, Collision Repair Education Foundation, Donations, Volkswagen

CURE Auto Insurance Opens New Office in Detroit

July 7, 2023 By CollisionWeek Editor

Company celebrates two Years in Michigan market, has nearly 100,000 insured drivers. CURE auto insurance celebrated its two-year anniversary since its entrance into Michigan with nearly 100,000 drivers, new jobs and a new office in metropolitan Detroit.  According to the company, over the past 12 months, CURE has nearly doubled its number of insureds. CURE […]

Filed Under: News Tagged With: Cure Auto Insurance, Michigan, Openings

AkzoNobel Unveils Mural at the Pontiac Transportation Museum

July 7, 2023 By CollisionWeek Editor

AkzoNobel (OTCMKTS:AKZOY) celebrated Independence Day by unveiling a mural at the new Pontiac, Michigan Transportation Museum. The museum is expected to open later this year and will honor the industrialization of this community and the many people whose work inspired these efforts. Through the museum’s existing and growing collections, they will help educate and inspire […]

Filed Under: News Tagged With: AkzoNobel

Consumer Sentiment Jumps in June as Inflation Eases

July 6, 2023 By CollisionWeek Editor

All demographic groups see economic prospects improving. According to the University of Michigan Surveys of Consumers, consumer sentiment was up 9% in June, reaching its highest level in four months, a sign of greater optimism as inflation eased and policymakers reach an agreement to raise the federal debt ceiling. The Consumer Sentiment Index rose to […]

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

Hertrich Dealerships Acquires New Collision Repair Center in Pennsylvania

July 6, 2023 By CollisionWeek Editor

New location is the dealership group’s 12th location. The Hertrich Family of Automobile Dealerships announced the acquisition of Chadds Ford Collision Center, a 17,000 sq. ft. repair facility located in Chadds Ford, Pa. The new collision repair center marks the dealership group’s expansion into the Pennsylvania, building upon Hertrich Collision Centers’ existing presence on the […]

Filed Under: News Tagged With: Acquisitions, Hertrich, Pennsylvania

11 States Issued Proclamations for June Automotive Service Professionals Month

July 6, 2023 By CollisionWeek Editor

Governors across the country issued official state proclamations declaring June as Automotive Service Professionals Month in their respective states including: Jared Polis of Colorado J.B. Pritzker of Illinois Eric Holcomb of Indiana Andy Beshear of Kentucky Maura Healey of Massachusetts Gretchen Whitmer of Michigan Doug Burgum of North Dakota Kristi Noem of South Dakota Glenn […]

Filed Under: News Tagged With: ASE, Automotive Service Professionals Month

Diamond Standard Parts’ Emmett Baker Passes Away

July 6, 2023 By CollisionWeek Editor

Diamond Standard Parts announced the passing of William Emmett Baker on June 25 at the age of 68. Baker was a member of the Diamond Standard start up group and later served as Northeast Sales and Distribution manager at Diamond Standard’s Pittston, Pa distribution facility until his retirement. A visitation for Baker will be held […]

Filed Under: News Tagged With: Diamond Standard, Obituaries, People

California Insurance Commissioner Announces Over $50 Million in Grants to Assist Law Enforcement Fight Insurance Fraud

July 6, 2023 By CollisionWeek Editor

California Insurance Commissioner Ricardo Lara announced he has awarded $50,545,239 in grants to 34 district attorney offices representing 44 counties in California to combat insurance fraud. Under Commissioner Lara’s leadership, these grants, funded through annual employer assessments, support law enforcement efforts in investigating and prosecuting fraud and increase outreach to our communities. Commissioner Lara also […]

Filed Under: News Tagged With: California, Insurance Commissioner, Insurance Fraud

Palladium Heritage Acquires Three Aftermarket Collision Repair Parts Distributors

July 5, 2023 By CollisionWeek Editor

Combination creates Collision Auto Parts platform to expand with further acquisitions and new location openings. Palladium Equity Partners, along with its joint venture affiliate Palladium Heritage, announced today that it has partnered with management to create a platform named Collision Auto Parts LLC, with the acquisition of three automotive aftermarket collision repair part companies. The […]

Filed Under: News Tagged With: Acquisitions, National Auto Parts, Palladium Equity Partners, Palladium Heritage, Private Equity

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