The Specialty Equipment Market Association awarded $99,500 in scholarships and loan forgiveness to 50 students and recent graduates pursuing automotive industry careers. The recipients include current students and employees of SEMA-member companies. The awards are distributed through the SEMA Memorial Scholarship Fund, which has awarded more than $3 million since 1984. “This year’s scholarship recipients […]
New-Vehicle Retail Sales Projected Up 4.1% for July
Consumer spending to set record for month with $49.8 billion spent on new vehicles. New-vehicle retail sales for July 2025 are projected to reach 1,159,500, a 4.1% increase from July 2024 according to a joint forecast from J.D. Power and GlobalData. Comparing the same sales volume without adjusting for the number of selling days translates […]
BASF Reported Launching Next Round of Bidding for Coatings Business
A smaller group of potential acquirers expected to participate next month. The sale of BASF’s coatings business is moving to the next round of offers from a short list of bidders in August according to a report in Bloomberg. According to the report, based upon anonymous sources familiar with the matter, AkzoNobel and several private […]
US-Japan Trade Deal Sets 15% Tariff Rate, Promises Market Access for Auto Industry
New agreement reduces planned tariff increases while securing Japanese investment and expanded export opportunities. The Trump administration announced a comprehensive trade agreement with Japan on July 23, establishing a 15% baseline tariff rate on Japanese imports and securing what officials describe as the largest foreign investment commitment in U.S. history. The deal directly impacts the […]
Illinois Instructor Recognized by ASE Education Foundation
Ken Kunz, an automotive instructor at Waubonsee Community College in Sugar Grove, Illinois, received the 2025 ASE Education Foundation Instructor of the Year Award at the ASE Instructor Training Conference this week. Kunz developed Waubonsee’s Automotive Technology Program over his 30-year career at the college. The program has produced more than a dozen graduates who […]
Honda Launches Insurance Business
Licensed insurance agency will provide coverage options for autos, motorcycles, homes and other coverage across the U.S. American Honda Motor Co. launched Honda Insurance Solutions, a licensed insurance agency offering coverage for auto, motorcycle, home and other products to Honda and Acura customers. The vehicle manufacturer announced the initiative Thursday, marking its entry into the […]
I-CAR Launches National Apprenticeship Program to Address Collision Repair Technician Shortage
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the official launch of its national Registered Apprenticeship Program for the collision repair industry, marking the organization’s latest effort to address widespread technician shortages. The two-year structured training program combines paid on-the-job learning with technical instruction and leads to a nationally recognized credential from the U.S. […]
ComputerLogic Launches Smart Calculation Automated Paint and Material Invoicing
ComputerLogic Inc. released an updated version of its PMCLogic software that automates paint and material invoicing for collision repair shops. The Macon, Ga. based software company’s new Smart Calculation program aims to reduce administrative work and improve billing accuracy for body shops in the U.S. and Canada. The upgrade allows shops to automatically generate invoices […]
Safety Groups Award $120,000 to Four States for Impaired Driving Prevention
Four states will receive $120,000 in combined funding to combat drunk and drug-impaired driving through programs announced by three highway safety organizations. The Governors Highway Safety Association, Responsibility.org and the National Alliance to Stop Impaired Driving selected the District of Columbia, Pennsylvania, Vermont and Wyoming for grants targeting detection and prevention of impaired driving. The […]
Consumer Sentiment Up Slightly in Mid-July
Preliminary results show improvement over June but index remains below year ago levels. The University of Michigan Index of Consumer Sentiment was up just over one index point from June according to the University of Michigan Surveys of Consumers. The preliminary July result of 61.8 was up 1.1 points, or 1.8%, from 60.7 in June. […]
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