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BMW Group Names Axalta Exclusive Supplier of Private Paint Label ColorSystem in EMEA

October 30, 2023 By CollisionWeek Editor

Axalta Coating Systems (NYSE: AXTA) has been named exclusive supplier for BMW Group’s private paint label, ColorSystem, in currently 15 European countries plus South Africa. The agreement includes BMW Group’s network of 730 dealerships and collision repair partners. The agreement runs through December 2028 and adds to existing supplier agreements with BMW Group. “The BMW […]

Filed Under: News Tagged With: Agreements Signed, Axalta Coating Systems, BMW, EMEA, Europe, Refinish

CCC Introduces Integrated Website Builder for Collision Repair Facilities

October 30, 2023 By CollisionWeek Editor

CCC Intelligent Solutions Inc. (NASDAQ:CCCS) today announced the launch of CCC Amplify, an easy-to-use digital solution that helps collision repair facility operators build and launch customized websites in minutes. Available through the CCC ONE platform, CCC Amplify simplifies the process of creating and maintaining a website by integrating CCC ONE shop information. The solution is […]

Filed Under: News Tagged With: CCC

Consumer Sentiment Declined in October

October 27, 2023 By CollisionWeek Editor

The final October results indicate consumers continued to have inflation frustration. Consumer sentiment fell back about 6% this October after inching down slightly for two consecutive months, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 63.8 in the October 2023 survey, down from 67.9 in September and above […]

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

Caliber Collision Acquires Two Repair Centers in Maryland

October 27, 2023 By CollisionWeek Editor

FOCUS Investment Banking, the middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced that Auto Body Innovations (ABI), with locations in Upper Marlboro and Owings, Md., has been acquired by Caliber Collision. FOCUS represented Auto Body Innovations in the transaction. ABI’s owners, brothers Keith and Kevin Dick, started out as […]

Filed Under: News Tagged With: Acquisitions, Caliber, Focus Investment Banking, Maryland

DCR Systems Announces CollisionClarity Documentation Software

October 27, 2023 By CollisionWeek Editor

DCR Systems announced the launch of CollisionClarity, cloud-based software for the collision industry that can be used with any management or estimating software. CollisionClarity displays all photos and documents related to a vehicle’s damage and required repairs in sequence with the line operation of the estimating software, so it’s easy to understand and trust. The […]

Filed Under: News Tagged With: DCR Systems, Repair Documentation

asTech Announces Support for Tesla Vehicles

October 27, 2023 By CollisionWeek Editor

asTech, a Repairify company, announced an expansion of its remote OEM solutions to now include remote OEM scanning support for Tesla vehicles. asTech diagnostic devices are now able to complete authentic Remote OEM Scans for virtually every Tesla vehicle with over 99% coverage. “The industry is changing rapidly, and a major part of that is […]

Filed Under: News Tagged With: asTech, Diagnostics, Repairify, Tesla

Auto Insurers Improve Customer Satisfaction with Claims Process

October 26, 2023 By CollisionWeek Editor

Insurers managed customer expectations as repair cycle times double in two years according to J.D. Power. Amica Mutual ranks highest for second consecutive year. Long repair shop backlogs and lingering parts shortages have caused the average auto insurance repair cycle time to reach 23.1 days in 2023, up 6.2 days from 2022 and more than […]

Filed Under: News Tagged With: Claims, Customer Satisfaction, Cycle Time, J.D. Power

LKQ Reports Revenue of $3.6 Billion for Third Quarter 2023

October 26, 2023 By CollisionWeek Editor

LKQ Corporation (NASDAQ:LKQ) today reported revenue for the third quarter of 2023 was $3.6 billion, an increase of 15.0% compared to $3.1 billion for the third quarter of 2022. Parts and services organic revenue increased 3.0% during the quarter and 4.3% on a per day basis. Foreign exchange rates increased revenue by 3.6% and the […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

UAW Reaches Tentative Agreement with Ford Motor Company

October 26, 2023 By CollisionWeek Editor

The UAW has announced a tentative agreement with Ford Motor Company after 41 days on strike. The strike continues at Stellantis and GM. In a video address by UAW President Shawn Fain and UAW Vice President Chuck Browning, the union leaders gave some details of the agreement, while outlining next steps in the ratification process. […]

Filed Under: News Tagged With: Ford Motor Company, Strike, United Auto Workers

Phillip Gallimore Named Director of Franchising at ProColor Collision U.S.

October 26, 2023 By CollisionWeek Editor

ProColor Collision announced the addition of Phillip Gallimore as director of Franchising. Reporting to Scott Bridges, senior vice president USA Fix Network, Gallimore oversees the ProColor Collision Business Development and Franchise Support teams. Together, these teams create opportunities for prospective ProColor Collision franchisees to join the network and receive ongoing training, branding and operational excellence […]

Filed Under: News Tagged With: People, ProColor Collision

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