University of Michigan Survey declines after bouncing back from historic lows earlier this year. Consumer sentiment fell about 9% below October, according to the University of Michigan Surveys of Consumers. The preliminary results, released Friday, November 11, erasing about half of the gains that had been recorded since the historic low in June. The Index […]
Allstate Receives Private Passenger Auto Physical Damage Rate Increase in California
The increase is the first for Allstate in nearly five years and first for the industry in more than two years since the start of the pandemic. On October 30, the California Department of Insurance (CDI) approved Allstate’s request for a 6.9% increase in its personal auto liability and physical damage rates. The CDI has […]
Caliber Partners with TechForce Foundation and Learning Undefeated to Reach Future Collision Repair Technician Leaders
The Caliber family of brands, including Caliber Collision, Caliber Auto Care and Caliber Auto Glass, is highlighting its Technician Apprentice Program (TAP) and partnering with two national nonprofits, TechForce Foundation and Learning Undefeated, dedicated to workforce development in the technician field and creation of unique STEM experiences for students from under-resourced communities. STEM Education is an […]
Copart Releases Inaugural Environmental, Social and Governance Report
Copart, Inc. (NASDAQ:CPRT) released its inaugural report on its ongoing environmental, social, and governance (ESG) efforts. “From our inception, Copart has always been committed to principles of environmental stewardship, employee diversity and good governance,” said co-CEO Jeff Liaw. “We’re pleased to release our first report with substantial information about our efforts.” Copart’s Fiscal Year 2022 […]
Mike Kaufmann Inducted into AASP/NJ Hall of Fame
The Alliance of Automotive Service Providers of New Jersey’s (AASP/NJ) announced that Mike Kaufmann, from the Mike Kaufmann Dealer Group, became the newest inductee into the association’s Hall of Fame. Kaufmann has devoted his career to automotive parts distribution and is well-known throughout the Garden State for his work. Upon presenting him with the honor […]
iPhone Manufacturer Foxconn Broadens Lordstown Motors Strategic Partnership with $170 Million Investment
Announce plans to pursue first joint EV program. Lordstown Motors Corp. (LMC) (NASDAQ: RIDE), the commercial electric vehicle (EV) manufacturer, and Foxconn Ventures Pte. Ltd., an affiliate of global technology company Hon Hai Technology Group that manufacturers iPhones for Apple, announced Foxconn agreed to make additional equity investments in LMC in the form of $70 […]
National Auto Body Council Announces New Board Members and Executive Committee
At its Annual Meeting last week in Las Vegas, the National Auto Body Council (NABC) held its board elections for the upcoming year. In addition to re-electing four members whose terms were expiring, it also welcomed three new members to its Board. Active members in attendance at the in-person and virtual NABC annual meeting had […]
Progressive Celebrates 10 Years of the Keys to Progress Program
Over 900 vehicles donated through program to military families. Progressive Insurance announced its 10th annual Keys to Progress vehicle giveaway taking place today. Ahead of Veterans Day, 100 veterans and military-related organizations across the country will receive the keys to vehicles that will provide reliable transportation, helping them and the veterans they serve get back […]
CREF Cup 2022 at TopGolf Schaumburg November 17
Companies participating will have the opportunity to meet 1,000 Chicagoland transportation students at March career fair. The Collision Repair Education Foundation (CREF) will host a night of golf and networking at 6 p.m. on Thursday, November 17 at TopGolf in Schaumburg, Ill. to support high school and college collision programs and students around the country […]
Boyd Group Reports Sales Up Over 27% in Third Quarter Compared to Last Year
Same store sales were up almost 22% during the quarter. Boyd Group Services Inc. (TSE:BYD) announced sales increased by 27.6% to $625.7 million in the third quarter ended September 30 from $490.2 million in the same period of 2021. Same-store sales increased 21.9% during the quarter. The third quarter of 2022 had the same number […]
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