Prices were up both month-over-month and year-over-year. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were much higher in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) increased to 208.2, an increase of 4.9% from a year ago and also higher than March levels by 2.7%. This is the […]
Axalta Coating Systems Increases Support of Penn College
Axalta Coating Systems Ltd. (NYSE:AXTA) has expanded its support of Pennsylvania College of Technology in Williamsport, Pa. by committing to an annual $15,000 donation of paint and related supplies for the next five years. This represents an increase from the $7,500 that Axalta has provided annually since 2019 to support the college’s collision repair and […]
CCC Joins AI Governance Alliance to Advance Responsible AI Across the Property-Casualty Insurance Industry
CCC Intelligent Solutions Inc. (NASDAQ: CCCS) announced today that it has joined the AI Governance Alliance (AIGA), a global multi-stakeholder initiative led by the World Economic Forum (WEF). The AIGA brings together more than 600 members from 500 organizations — uniting leaders from industry, academia, government and civil society to promote the responsible development and […]
Refinish Distributors Alliance Holds Spring Impact Performance Conference in San Diego
RDA hosted its Spring Member Impact Performance Conference from April 22–24 at the Wyndham Bayside in San Diego, Calif. The event brought together RDA members, manufacturer partners, and guests under the theme “Setting the Stage for New Revenue Streams.” Executive Director Ben Jacobson welcomed attendees to the conference, which featured discussions on opportunities with both […]
Axalta Reports First Quarter Sales of $1.26 Billion
Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales decreased 3% year-over-year to $1.26 billion in the first quarter of 2025, inclusive of a 3% headwind from foreign currency translation. Contributions from the CoverFlexx acquisition and favorable price-mix were offset by volume declines primarily in Performance Coatings. Net income increased by 154% year over year to […]
Ford Raising Sticker Prices on Vehicles Produced in Mexico
Ford Motor Company plans to hikes prices on some Mexico-produced models, citing mid-year pricing actions and increased costs due to tariffs. According to a report today by Reuters, prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump’s tariffs. […]
AASPMN Awards 23 Scholarships to Automotive and Collision Repair Students
The Alliance of Automotive Service Providers of Minnesota (AASPMN) announced it has awarded twenty-three scholarships totaling $19,000 to help automotive service and collision repair students pay for tuition or tools during the 2025-26 school year. The scholarships are $500 or $1,000 each and are made possible by the generous donation from the Minnesota State I-CAR […]
GEICO Reports $11.5 Billion Premiums Written in First Quarter
Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $2.173 billion in the first quarter of 2025, up $245 […]
CCC Reports Revenue of $251.6 Million in First Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) today reported total revenue was $251.6 million for the first quarter ended March 31, an increase of 11% from $227.2 million for the first quarter of 2024. “CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and adjusted EBITDA margin of 39% – both above […]
Meyer Distributing Canada Adds Location in Moncton, New Brunswick
Meyer Distributing Canada, Inc. announced the addition of its Winnipeg, Manitoba, Canada crossdock. “Our Winnipeg expansion highlights our ongoing commitment to bringing Meyers best in class inventory right to the doorstep of our customers,” states Patrick Lavallée, Meyer Canada’s Sales Manager for Western Canada. “From traditional automotive accessories to specialty commercial and collision parts, Meyer […]
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