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PPG Reports Record Third Quarter Sales of $4.5 Billion

October 20, 2022 By CollisionWeek Editor

Refinish sales at record levels as U.S. body shop activity robust. PPG names Tim Knavish president and chief executive officer. Michael H. McGarry to retire next year. PPG (NYSE:PPG) reported record third quarter net sales of $4.5 billion, up about 8% on a constant currency basis. Overall company sales volumes decreased by about 3% versus […]

Filed Under: News Tagged With: Earnings, People, PPG Industries

Allstate Reports Auto Insurance Premiums of $7.9 Billion, Up 9.6% in Third Quarter

October 20, 2022 By CollisionWeek Editor

The Allstate Corporation (NYSE: ALL) today announced estimated results for the third quarter of 2022 of a net loss between $675 million and $725 million and adjusted net loss estimated between $400 million and $450 million. Property-Liability Premiums written increased 9.8% from Q3 2021 to $12.0 billion due to higher average auto and home insurance […]

Filed Under: News Tagged With: Allstate Insurance, Earnings

Crash Champions Acquires Third Collision Repair Center in Portland, Oregon Metro Area

October 20, 2022 By CollisionWeek Editor

Crash Champions, LLC announced it has expanded service in the Portland, Ore. metro area after it closed a deal to acquire a location with about 17,000 sq. ft. of production space at 935 Southeast 202nd Avenue in Gresham. Crash Champions, which opened its first Portland location earlier this year, now serves area customers and business […]

Filed Under: News Tagged With: Acquisitions, Crash Champions, Oregon

Toyota Auto Insurance Launches in Texas

October 20, 2022 By CollisionWeek Editor

Toyota Auto Insurance, the vehicle manufacturer’s branded insurance product, is now available to customers residing in Texas, the second largest auto insurance market in the U.S. and home to the vehicle manufacturer’s North American headquarters. Introduced in five states in 2021, Toyota Auto Insurance customers receive service and claims support provided by Toggle, part of […]

Filed Under: News Tagged With: Openings, Texas, Toyota Insurance Management Solutions

IAA Expands in Fresno and Los Angeles

October 20, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced capacity growth in two important California regions. IAA Fresno has expanded again to meet growing demand in the key market of the San Joaquin Valley. Significant capacity has also been added to meet customer needs in the densely populated Los Angeles market with the IAA Santa Clarita branch growing by […]

Filed Under: News Tagged With: Insurance Auto Auctions, Openings

Driven Brands Surpasses 1,000 Collision Repair Locations in North America

October 19, 2022 By CollisionWeek Editor

Little Rock, Ark. location celebrated as 1,000th collision repair center. Driven Brands’ collision group, including its ABRA Auto Body Repair of America, CARSTAR, and Fix Auto USA franchise networks, yesterday celebrated its 1,000th collision repair facility across North America with the opening of CARSTAR Patriot Auto Body Little Rock in Little Rock, Ark. The facility […]

Filed Under: News Tagged With: ABRA, Arkansas, CARSTAR, Driven Brands, Fix Auto USA, Openings

Safelite Group Acquires Reliable Glass Division

October 19, 2022 By CollisionWeek Editor

The Safelite Group announced the acquisition of the auto glass assets of Reliable Glass headquartered in Phoenix, Ariz. The transaction was completed on Friday, October 14. “We’re happy to have Reliable Glass associates join the Safelite family,” said Renee Cacchillo, President and CEO of Safelite Group. “Founded in 2001, their focus on providing remarkable customer […]

Filed Under: News Tagged With: Acquisitions, Arizona, Safelite

Enterprise Holdings Reports Diverse Mobility Portfolio Drives Steady Growth as Revenue Surpasses $30 Billion

October 19, 2022 By CollisionWeek Editor

Enterprise Holdings Inc. has developed and cultivated a broad portfolio of business lines designed to meet the evolving needs of customers, delivering innovative mobility solutions for both consumers and businesses, as the 65-year-old company places itself at the forefront of building the future of mobility. According to the company, this future-forward approach, coupled with the […]

Filed Under: News Tagged With: Earnings, Enterprise Holdings

Electrified Vehicle Sales Hit Record in Third Quarter

October 19, 2022 By CollisionWeek Editor

Sales of electrified vehicles hit a record in the third quarter, as one of the hottest segments in the U.S. automotive market continues to make waves throughout the industry, according to Kelley Blue Book, a Cox Automotive company. More than 200,000 electrified vehicles were sold in the three-month span of Q3 – a first – […]

Filed Under: News Tagged With: Cox Automotive, Electric Vehicles, New Vehicle Sales

Wholesale Used-Vehicle Prices Continued to Decline in First Half of October

October 18, 2022 By CollisionWeek Editor

Used vehicle prices that support higher collision repair volumes are down month-over-month and year-over-year. According to the latest report from Cox Automotive, wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis declined 2.0% from September in the first 15 days of October. The Manheim Used Vehicle Value Index fell to 200.5, which was […]

Filed Under: News Tagged With: Cox Automotive, Manheim, Wholesale Used Vehicle PRices

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