Crash Champions announced that founder and CEO Matt Ebert has been named a finalist for the 2023 Ernst & Young (EY) Entrepreneur Of The Year Midwest Award. Now in its 37th year, the EY Entrepreneur Of The Year Award is one of the most competitive and esteemed recognitions, celebrating transformative leaders of high-growth companies building […]
Gary Ferrera Named Executive Vice President and Chief Financial Officer at Driven Brands
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced that Gary W. Ferrera has been appointed Executive Vice President and Chief Financial Officer, effective May 10. Ferrera will report to President and Chief Executive Officer Jonathan Fitzpatrick and succeeds Tiffany Mason. “Gary is a proven leader who brings deep experience leading financial teams, a strong track record in […]
Allstate Reports Loss in First Quarter
Auto insurance written premiums increased over 10%. The Allstate Corporation (NYSE: ALL) total revenue of $13.8 billion in the first quarter of 2023 increased 11.8% compared to the prior year quarter driven by a 10.8% increase in Property-Liability earned premium and net gains on investments and derivatives in the first quarter of 2023 compared to […]
Driven Brands Reports Revenue Up 20% in First Quarter
Paint, collision repair and glass segment same store sales were up 14%. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue of $562.5 million for the first quarter ended April 1, up 20 percent versus the prior year. System-wide sales were $1.5 billion, up 19 percent versus the prior year driven by 9 percent same-store sales growth […]
AirPro Webinar Features IIHS Research on Consumer Experiences with Crash Avoidance Repairs
AirPro Diagnostics will host a webinar at 2 p.m. (EDT) May 17 featuring David Zuby, Executive Vice President and Chief Research Officer for the Insurance Institute for Highway Safety (IIHS), who will examine consumer experiences with crash avoidance feature repairs. In February, IIHS released the results of research showing seven out of ten consumers reported issues […]
ASE Announces New EV Standards and an EV Testing and Certification Program
The National Institute for Automotive Service (ASE) announced the creation of Electric Vehicle Technician/Shop Personnel Electrical Safety Standards. The purpose of the standards is to provide guidance, document, and establish electrical safety requirements, standards, procedures, and safe work practices relating to the development of an electrically safe working area for service professionals in North America […]
US Light Vehicle Market Heats Up in April with Robust Result Above Pre-Pandemic Levels
Sales up over 10% in April even with one fewer selling day compared to last year. US Light Vehicle sales totaled 1.36 million units in April, according to LMC Automotive, a GlobalData Company. This translates to a year-over year (YoY) gain of 10.2%, a result made all the more impressive by the fact that April […]
Uni-Select Reports First Quarter Sales Up Almost 10%
FinishMaster US segment was up 6.7%. Uni-Select Inc. today reported consolidated sales increased by $39.9 million or 9.7% to $449.5 million in the first quarter ended March 31. Excluding the impact of unfavorable fluctuation of the British pound and the Canadian dollar against the US dollar of $21.6 million or 5.3%, consolidated sales increased by […]
EV Manufacturer VinFast Selects I-CAR for U.S. Collision Repair Network Training
VinFast, the first Vietnamese electric vehicle manufacturer, announced that I-CAR’s Gold Class shop level credentialing will be a requirement for its U.S. repair network. VinFast joins 37 other OEMs and Insurers who also require Gold Class status for their network repair facilities. Gold Class recognition, and the underlying technical training required to achieve such, including […]
Mitchell Announces Data Licensing Agreement with Rivian
Mitchell, an Enlyte company, today announced that it is the first collision industry information provider to sign a data licensing agreement with electric vehicle (EV) manufacturer Rivian. This will allow auto insurers and collision repairers using Mitchell Cloud Estimating and Mitchell Cloud Estimating TruckMax to write damage appraisals and access repair procedures for the OEM’s […]
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