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CARSTAR Adds Two New Collision Repair Centers in New Jersey

May 10, 2023 By CollisionWeek Editor

CARSTAR announced the opening of two CARSTAR locations, CARSTAR Proline Auto Body of Pinebrook and CARSTAR Proline Body & Chassis, both located in New Jersey. Todd Fontana, owner of CARSTAR Proline Auto Body of Pinebrook and CARSTAR Proline Body & Chassis, has decades of experience in the automotive repair industry and is the owner of […]

Filed Under: News Tagged With: CARSTAR, Network Affiliations, New Jersey

Universal Technical Institute Reports Revenue of $163.8 Million in Fiscal Second Quarter

May 10, 2023 By CollisionWeek Editor

Universal Technical Institute, Inc. (NYSE:UTI) reported revenue was $163.8 million with UTI increasing 5.4% versus the prior year period with Concorde Career Colleges, that it acquired last year, contributing $56.3 million for its fiscal 2023 second quarter ended March 31. Net income was $3.5 million, adjusted net income of $6.3 million, and adjusted earnings before […]

Filed Under: News Tagged With: Earnings, Universal Technical Institute

LKQ Senior Vice President of Human Resources Dombrowski Honored with Diversity Award

May 10, 2023 By CollisionWeek Editor

LKQ Corporation announced that Genevieve L. Dombrowski, Senior Vice President of Human Resources, was recently honored at MOVES Magazine Annual Diversity Awards Event. Ms. Dombrowski was recognized for her outstanding work in the Diversity, Equity, and Inclusion (DEI) space, which has positively impacted LKQ employees and the broader community. Ms. Dombrowski was joined by other […]

Filed Under: News Tagged With: Awards, Diversity, LKQ Corporation, People

CCC and Verisk Form Strategic Partnership

May 9, 2023 By CollisionWeek Editor

Initial collaboration will work to prevent auto insurance fraud. CCC Intelligent Solutions Inc. (NASDAQ:CCCS) and Verisk Analytics, Inc. (NASDAQ:VRSK) announced today a strategic partnership that will leverage the two providers’ technologies to bring new innovations to P&C insurance claims. CCC provides a cloud platform for the P&C insurance economy and Verisk is a global data […]

Filed Under: News Tagged With: Agreements Signed, CCC, Insurance Fraud, Verisk

Celette Acquires Wedge Clamp Systems

May 9, 2023 By CollisionWeek Editor

Celette Inc. announced the acquisition of Wedge Clamp Systems Inc., a company based in Canada that specializes in floor systems for automotive, light trucks and bus collision repair. For 70 years, Celette has been delivering productive and innovative body repair equipment to the automotive industry. Wedge Clamp Systems has delivered a variety of innovative products […]

Filed Under: News Tagged With: Acquisitions, Canada, Celette, Wedge Clamp Systems

Registration Open for 2023 SEMA Show

May 9, 2023 By CollisionWeek Editor

Registration for the 2023 SEMA Show is now open online. Featuring thousands of exhibitors and brands, the October 31-November 3 event at the Las Vegas Convention Center will showcase the hottest products in, and tools for, automotive customization. Businesses that sell or distribute automotive parts will find special Show deals, make quality connections with manufacturers, […]

Filed Under: News Tagged With: SEMA Show

AASP-MN Awards $20,000 in Scholarships to Automotive Service and Collision Repair Students

May 9, 2023 By CollisionWeek Editor

The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced it has awarded twenty-two scholarships totaling $20,000 to help automotive service and collision repair students pay for tuition or tools during the 2023-24 school year.  The scholarships are in the amounts of $500 – $1,500 and are made possible by the generous donation from the […]

Filed Under: News Tagged With: AASP-MN, I-CAR, Minnesota, Scholarships

ASE Education Foundation Seeking Outstanding Instructor for the 2023 Byrl Shoemaker Award

May 9, 2023 By CollisionWeek Editor

Nominations are now being accepted for the 2023 Bryl Shoemaker/ASE Education Foundation Instructor of the Year. The award recognizes a high school or college instructor from an ASE accredited automotive, diesel/truck or collision repair program who demonstrates excellence through their personal dedication and commitment to the young men and women who have chosen to pursue […]

Filed Under: News Tagged With: ASE Education Foundation, Awards, Nominations

Toyota Auto Insurance Launches in California

May 8, 2023 By CollisionWeek Editor

Entry into the largest auto insurance market in the U.S. marks the ninth state where vehicle manufacturer’s insurance product is available. Toyota Auto Insurance, the vehicle manufacturer’s branded insurance product, is now available to customers residing in California. Introduced to select markets in 2021, Toyota Auto Insurance offers customers quality, customizable coverage at affordable rates. […]

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

GEICO Reports Collision Claim Severity 7-8% Higher in First Quarter Compared to Last Year

May 8, 2023 By CollisionWeek Editor

Collision frequency was down for the quarter. Berkshire Hathaway reported its first quarter earnings, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. on May 6.   The company reported claims frequencies in the first quarter of 2023 were lower for property damage (five to six percent range) […]

Filed Under: News Tagged With: Berkshire Hathaway, Earnings, GEICO

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