CARFAX estimates up to 45,000 vehicles sustained flood damage from storms between April and July, with many expected to enter the used car market as hurricane season begins to ramp up. Heavy rains and flash flooding affected thousands of cars in Texas, Kentucky and West Virginia during the period. The National Oceanic and Atmospheric Administration […]
Consumer Sentiment Up Slightly in July
Consumers remain downbeat compared to last year. Consumer sentiment improved for the second time in six months, inching up less than 2% from last month, according to the University of Michigan Surveys of Consumers. The Index of Consumer Sentiment rose to 61.7 in the July survey, up 1.6% from 60.7 in June and 7.1% below […]
Collision Repair and Automotive Service Students Elected National Student Officers at SkillsUSA
Fourteen career and technical education (CTE) students from across the nation, including those studying collision repair and automotive service, have been elected to serve as the 2025–26 SkillsUSA National Officer Team. Representing both high school and college/ postsecondary divisions, these leaders will advocate for over 444,000 SkillsUSA members nationwide. Throughout their term, they will help […]
Salvato Adds Insurance Carriers Before Auction Launch Tomorrow
Salvato Inc. has signed two additional insurance carriers to its platform ahead of its first auction scheduled for August 7. The company operates a digital platform for total-loss vehicle management and auctions. The new carrier partnerships will increase the volume of salvage vehicles available through Salvato Auctions. Salvato’s TLX platform handles vehicle assignment, intake, lien […]
U.S. Length of Rental Down in Second Quarter
Overall Length of Rental (LOR) for collision-related rentals in Q2 2025 was 15.1 days, a 0.9-day decline from Q2 2024, matching the decline seen in Q1 2025 according to the later report from Enterprise Holdings. LOR remains above pre-pandemic levels. Comparing Q2 2025 to Q2 2020, overall LOR is currently 2.9 days higher; in Q2 […]
Senate Committee Advances Nominee to Lead NHTSA
The Senate Commerce, Science, & Transportation Committee voted 16-12 last Wednesday to advance Jonathan Morrison, President Trump’s nominee to lead the National Highway Traffic Safety Administration (NHTSA). According to the Automotive Service Association (ASA), Morrison, who would oversee federal vehicle safety regulations and enforcement, told the committee during his confirmation hearing that comprehensive safety regulations […]
July Auto Sales Beat Expectations Despite EV Market Stagnation
Light vehicle sales were up versus both the previous month and year. U.S. auto sales exceeded forecasts in July, with the seasonally adjusted annual rate reaching 16.4 million units, up 3.7% from the same month last year, according to data released by the National Automobile Dealers Association. The July figure represents a 7.1% increase from […]
Fenix Parts Acquires Grade A Auto Parts
Fenix Parts has acquired Grade A Auto Parts, the Louisville, Kentucky-based company with operations across five Midwest states, the companies announced Tuesday. The acquisition expands Fenix’s geographic reach into Kentucky, Missouri, Ohio, Tennessee and Indiana. Grade A also maintains sales representatives nationwide. As part of the deal, Grade A CEO Sean Garber will join Fenix’s […]
PPG and Asian Paints Extend India Joint Ventures Through 2041
PPG Industries Inc. (NYSE:PPG) and Asian Paints Ltd. have agreed to extend their joint venture operations in India for 15 years, the companies announced August 3. The renewed agreement will run from 2026 through 2041. The partnership operates through two separate joint ventures formed in 1997 and 2012. PPG Asian Paints Private Ltd., formed in […]
CCC Reports 12% Revenue Growth in Second Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) posted second-quarter revenue of $260.5 million, a 12% increase from the prior year, as several major insurance customers moved beyond pilot programs to broader deployments of the company’s AI-powered solutions. The Chicago-based software provider also reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $108.1 million, […]
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