The Automotive Service Association (ASA) Webinar Wednesday on Wednesday, August 17 at 1 p.m. (EDT) will feature I-CAR’s Dirk Fuchs who will take a close look at Electric Vehicle Technology and the industry-developed best practice for disconnecting and re-connecting high voltage vehicles. More information and registration for the EV technology webinar is available online. In […]
AAA Says Annual Cost of New Car Ownership Crosses $10K Mark
According to the latest research from AAA, the average yearly cost to own and operate a new vehicle in 2022 is $10,728, or $894 per month. A considerable increase from 2021, when the average yearly cost was $9,666 or $805.50 per month. Not surprisingly, fuel prices are the most significant factor pushing this year’s average […]
Collision Repair Education Foundation Announces Fall High School & College Career Fair Schedule
The Collision Repair Education Foundation (CREF) announced its Fall 2022 High School & College Transportation Student Career Fairs schedule across the country to provide employers with an opportunity to get to know thousands of incoming industry professionals. “CREF’s Career Fairs provide a unique opportunity for collision industry employers to connect with hundreds of students who […]
Wholesale Used-Vehicle Prices Declined Slightly in July from Seasonal Adjustment
The Manheim Used Vehicle Value Index is still up 12.5% from a year ago. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, decreased 0.1% in July from June. The Manheim Used Vehicle Value Index declined to 219.6, up 12.5% from a year ago. The non-adjusted price change in July decreased 3.2% compared […]
IAA Reports Second Quarter Revenue Up 16.9% to $520.3 Million
IAA, Inc. (NYSE: IAA) announced consolidated revenues increased 16.9% to $520.3 million in its second quarter ended July 3, from $445.1 million in the second quarter of fiscal 2021. Foreign currency movements had a negative impact of $4.1 million on revenue for the quarter. Revenue from our recent acquisitions of Auto Exchange and SYNETIQ was […]
Gasoline Falls Below $4 Per Gallon for First Time Since Early March
Demand increased last week as prices declined. AAA reported that since Monday, the national average for a gallon of regular gasoline dropped six cents to $3.99. The national average has not been below $4 per gallon since March 5. In the spring, oil prices spiked in reaction to Russia’s invasion of Ukraine, leading the national […]
Lemonade Selects Mitchell’s Claims Management Solutions
Mitchell, an Enlyte company, today announced that Lemonade (NYSE:LMND) selected its claims workflow, automation, and total loss solutions to support Lemonade Car, the insurer’s latest product offering. Mitchell’s solutions—which span auto physical damage and auto casualty—will help Lemonade streamline and optimize claims handling. Lemonade Car launched in Illinois in November 2021, expanding to Tennessee and […]
Auto Care Association to Host Webinar Examining Challenges with Ocean Shipping
The Auto Care Association will host a live webinar on Wednesday, August 24, from 2-3 p.m. (EDT) to examine the current challenges with ocean shipping and share insights to prepare for what is ahead. Problems with ocean shipping delays have impacted collision repair parts supplies. More information and registration are available online. This webinar is […]
Boyd Group Reports Second Quarter Sales of Over $612 Million, Up Nearly 38%
Same store sales were up over 22% compared to last year. Announces planned retirement of CFO Pathipati. Boyd Group Services Inc. (TSE:BYD) today announced sales of $612.8 million in the second quarter ended June 30. Sales during the quarter increased by 37.8% from $444.6 million in the same period of 2021. Results included same-store sales […]
CARSTAR Adds Collision Repair Center to Network in Columbus, Ohio
CARSTAR announced the opening of CARSTAR Auto Boutique Collision, an 18,000 square foot collision repair facility with 12 employees located at 1037 E. 5th Avenue in Columbus, Ohio. Victor Polishuk and Peter Grammatikakis, owners of CARSTAR Auto Boutique, have been around cars their whole life. Victor entered the business with his father at the age […]
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