Lemonade (NYSE:LMND) announced the closing of its previously announced acquisition of car insurance provider Metromile. Metromile shareholders received 7.3 million LMND shares, while Lemonade received a business with over $155 million in cash, over $110 million in premiums, an insurance entity licensed in 49 states, and a team unsurpassed in harnessing precision data for auto […]
Axalta Reports Sales Up 9.6% in Second Quarter Compared to 2021
Refinish sales increased 6% to $491.1 million. Announces CEO transition. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the second quarter ended June 30 as well as the departure of CEO Robert Bryant at the end of August. The company reported that second quarter net sales were $1,234.9 million, an increase of 9.6% […]
Driven Brands Reports Second Quarter Revenue of $508.6 Million, Up 35% Versus Last Year
Driven Brands Holdings Inc. (NASDAQ: DRVN) today reported revenue was $508.6 million for its second quarter ended June 25, an increase of 36% versus the prior year. System-wide sales were $1.4 billion, an increase of 22% versus the prior year, with 7% net store growth and an increase in consolidated same-store sales of 13.2%. The […]
J.D. Power ChromeData and Ford Partner to Expand Build Data Coverage
J.D. Power ChromeData, the provider of vehicle data and software solutions, announced an agreement with Ford Motor Company to utilize Ford, Lincoln and Mercury build data to further enhance the ChromeData Vehicle Description Services. “Ford’s initiative to utilize its build data to help dealers, lenders and other industry partners will bring more clarity in understanding […]
CIECA Announces Agenda and Speakers for CONNEX 2022 Conference
The Collision Industry Electronic Commerce Association (CIECA) announced its agenda and speakers for its September 13-14 CIECA CONNEX Conference being held in St. Louis/St. Charles, Mo. In addition to a line-up of top industry speakers, there will be networking opportunities, a gifting ceremony by the National Auto Body Council (NABC) as part of its NABC […]
AAA Research Shows Drivers Change Habits to Counter High Gas Prices
New survey finds Americans are driving less as gas prices remain high. New survey data from AAA finds that drivers are making significant changes to cope with record pump prices. Almost two-thirds (64%) of U.S. adults have changed their driving habits or lifestyle since March, with 23% making “major changes.” Drivers’ top three changes to […]
Fix Auto UK Announces Opening of New Collision Repair Center in Slough
Civic dignitaries, the local MP and industry suppliers joined scores of Franchise Partners from across the Fix Auto UK network for the official opening of the all-new Fix Auto Slough repair center. Guests were given a tour of the new facility created following a major investment by owner Ranjit Gill in order to increase productivity […]
Coalition Unveils Expanded, Updated Recommendations for Universal Terms for Advanced Driver Assistance Technology
A coalition of the nation’s leading experts in automobiles and auto safety—AAA, Consumer Reports, J.D. Power, National Safety Council, PAVE, and SAE International—released a set of expanded and updated recommendations for universal terms for advanced driver assistance system (ADAS) features. The six overarching categories on the list are collision warning, collision intervention, driving control […]
BendPak Announces Senior Leadership Succession Plan
Don Henthorn becomes chairman emeritus, Jeff Kritzer promoted to president and CEO. BendPak, Inc., the global manufacturer and marketer of vehicle service equipment and specialty consumer products, announced changes to its executive team effective August 3. President Don Henthorn, who has led the company since establishing it in 1965, will take on a more limited […]
Classic Collision Expands in Colorado and Alaska
Announces collision repair center acquisition and newly constructed location. Classic Collision, LLC announced two new locations on July 22, including the acquisition of Ramsey AutoBody in Lakewood, Colo. and the opening of Classic Collision Wasilla in Wasilla, Alaska. Ramsey AutoBody has been in operation since 1969 and has been servicing the Denver Metro area for […]
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