Sales were up over 10.4 percent over weak comparison in 2021 sales. Hurricane Ian battered Florida delaying some potential sales. U.S. Light Vehicle sales totaled 1.11 million units in September, according to LMC Automotive, the automotive forecasting and market intelligence firm, a GlobalData company. This was the lowest monthly total since February, but the fact […]
Infomedia Ends Buyout Talks with Solera and TA Consortium
Infomedia Ltd (ASX:IFM) provided an update October 3 on the previously announced takeover proposals the company received from Solera Holdings LLC (Solera) and a consortium comprising TA Associates and Viburnum Funds (TA Consortium) to acquire 100% of Infomedia. According to the update, no binding proposal has been received from either party, they confirmed that it […]
U.S. Electric-Vehicle Tax Breaks May Violate Global Trade Rules
Favoring domestic industries could violate WTO rules, according to foreign officials and trade analysts. According to an article in the Wall Street Journal, European and Asian trade authorities are raising concerns that the expanded electric vehicle tax credits included in legislation signed into law by President Biden in August may violate Word Trade Organization (WTO) […]
HMFT Named Global Finishing Solutions Refinish Distributor Servicing Alberta and Saskatchewan Provinces in Canada
Global Finishing Solutions (GFS) announced that HMFT is now its preferred automotive and truck refinish distributor in Alberta and will also service Saskatchewan, giving body shops and collision repair centers a reliable equipment supplier with a long history of fluid handling expertise. Founded in 1950, HMFT, formerly known as Howard Marten Fluid Technologies, recently acquired […]
3M and CREF Hosted Career Fair Connected Over 200 Students with the Collision Repair Industry
This week, over 200 students from across the Minneapolis–Saint Paul metropolitan area attended a skilled trade career fair event hosted by the Collision Repair Education Foundation (CREF) in partnership with 3M at its global headquarters in St. Paul, MN. The interactive two-day event was tailored for students seeking insight into the diverse career opportunities available […]
CIECA Reactivates Calibration Committee to Develop New Standards
The Collision Industry Electronic Commerce Association (CIECA) announced that its Calibration Committee is going to be reactivated to work on new projects brought forth by collision industry stakeholders. Darrell Amberson, president of operations for LeMettry’s Collision in Minnesota, is the committee chair. The first meeting is scheduled for Thursday, October 13, at 11 a.m. (EDT). […]
State Farm Claims Data Reveals Continued Surge in Catalytic Converter Theft
Claims data from State Farm, the largest insurer of automobiles in the U.S., shows that between July 2021 and June 2022 catalytic converter theft has grown 109% nationally, in terms of the number of claims filed, compared to the previous 12 months. During this recent period more than 43,219 of these parts were stolen and […]
PA Attorney General Charges 19 Individuals and 13 Businesses in Title Washing of Reconstructed Total Loss Vehicles
Alleged criminal enterprises submitted fraudulent reconstructed vehicle title applications to PennDOT, leading to potentially dangerous cars on the road. Pennsylvania Attorney General Josh Shapiro announced criminal charges against 19 individuals and 13 separate businesses for “title washing.” The participants in these criminal rings included George Frietto of George’s Garage, Luis Salazar of Salazar Auto Sales […]
Paul Measley Named Chief Claims Officer at Plymouth Rock Assurance
Insurance industry veteran will lead the claims team for Plymouth Rock’s Independent Agency Auto business. Plymouth Rock Assurance Corporation has appointed Paul Measley as its Chief Claims Officer, effective immediately. Measley, who joins Plymouth Rock from GEICO, is responsible for the claims organization within Plymouth Rock’s Independent Agency business. “Paul brings a combination of strategic […]
Safelite Group Acquires Binswanger Auto Glass Division
Binswanger operates in 12 states. Safelite Group announced the acquisition of the auto glass assets of Binswanger Glass headquartered in Memphis, Tenn with operations throughout the Midwest and Southeastern U.S. The transaction was completed on Friday, September 30. According to the Binswanger Glass website it had 49 locations offering auto glass insurance claims services in […]
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