Uni-Select Inc. announced today that it has entered into a definitive agreement to acquire Maslack Supply Limited and related real properties, expanding its presence in Ontario, Canada. Family-owned and operated, Maslack was founded in 1959 and has grown to include 13 locations across northern Ontario, over 200 dedicated employees, and over CA$52 million dollars ($42.4 […]
US Collision Repair Length of Rental Up in Second Quarter Versus Previous Quarter
Enterprise Rent-A-Car data shows that while up sequentially, LOR was slightly down from the same quarter last year. The second quarter of 2022 saw average Length of Rental (LOR) for collision repair replacement-related rentals at 17.7 days, a 4.5-day increase from the second quarter of 2021. This represents a decrease of half a day from […]
Ford Introduces Optional ADAS Certification for Collision Repair Network
Ford is now offering an advanced driver assistance system (ADAS) certification for Ford Certified Collision Network (FCCN) participants. Although the certification is optional, having dedicated, in-house ADAS calibration technicians to maintain the highest level of certification available is recommended. Collision repairers who are not ADAS-certified must work with FCCN-certified third-party providers who have completed the […]
ASE Instructor Training Conference Addresses Industry’s Key Issues, Sets Goals for the Future
Over 500 people were in attendance at the recent ASE Instructor Training Conference held in Frisco, Texas. Hosted by the ASE Education Foundation, the in-person conference was conducted for high school and college instructors from auto, truck and collision repair programs nationwide. The conference included over 100 technical-update training sessions from 60 different industry partners, […]
PPG Reports Second Quarter Sales of Nearly $4.7 Billion
Automotive refinish sales were at all-time quarterly record. PPG (NYSE:PPG) reported net sales of $4.691 billion, up 8% from $4.359 billion in the same quarter last year. According to the company it had higher selling prices of 12%, but sales volumes were down 4%. The company reported raw material costs were up about 20% year […]
Allstate Reports Auto Physical Damage Loss Cost Increases Widespread Across U.S.
Implements Allstate brand auto insurance rate increases of approximately 8.3% since fourth quarter of 2021. The Allstate Corporation (NYSE: ALL) estimated catastrophe losses for the month of June totaled $356 million or $281 million, after-tax. June catastrophe losses included 10 events, primarily wind and hail in the Midwest, estimated at $315 million, plus unfavorable reserve […]
CBP Officers in Minneapolis Intercept Counterfeit GM Tire Pressure Monitoring Sensors
U.S. Customs and Border Protection’s (CBP) officers in Minneapolis recently stopped two shipments that contained 300 counterfeit General Motors (GM) Brand Tire-Pressure Monitoring System (TPMS). On May 30, CBP officers inspected a shipment arriving from Hong Kong to determine the admissibility of the shipment and its contents. Based on intelligence gathering and experience, officers suspected […]
Auto Care Association Testifies at USITC Hearing on Economic Impact of Section 301 Tariffs
Asks for input on impacts of tariffs on members in survey. Auto Care Association President and CEO Bill Hanvey testified yesterday before the U.S. International Trade Commission (USITC) during a three-day long virtual hearing on the economic impacts of the Section 301 tariffs on U.S. industries. The USITC instituted the factfinding investigation in May and […]
AkzoNobel Reports Revenue Up 14% in Second Quarter
Akzo Nobel N.V. (AKZA; AKZOY) reported revenue for the second quarter was up 14% to €2.853 billion ($2.909 billion) and 10% higher in constant currencies. The company reported its pricing up 16% companywide, offsetting the increase of raw material and other variable costs. Volumes were 9% lower. Operating income at €205 million ($209.05 million) was […]
IAA Expands Presence in Indiana
IAA, Inc. (NYSE:IAA) announced the completion of the IAA Indianapolis South (IN) branch expansion and the start of construction on the new IAA Fort Wayne (IN) branch. These two investments will more than double IAA’s capacity in the state. The new Fort Wayne location will be IAA’s fourth branch in Indiana. “The added capacity of […]
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