Expansion further supports market growth in the automotive industry in China and the rest of Asia. BASF Coatings (Guangdong) Co., Ltd. (BCG) announced it expanded the production capacity of automotive refinish coatings at its coatings site in Jiangmen, Guangdong Province in South China. With the completion of the expansion in July, BASF’s annual production capacity […]
Gas Prices Continue to Decline
AAA reported that the national average for a gallon of regular gas fell 10 cents in the past week to $3.95 today, due primarily to stable oil prices and fewer drivers than usual fueling up. Today’s national average is 62 cents less than a month ago, but 77 cents more than a year ago. “Falling […]
HD Repair Forum Welcomes New Advisory Board Members
For the past five years, stakeholders in the heavy-duty and medium-duty collision repair industry have met annually at the HD Repair Forum to discuss the greatest challenges impacting this market. Leading the conference’s focus and direction and the industry’s requests for progress is the HD Repair Forum’s advisory board, a diverse group of collision repair […]
Auto Glass Now Adds Two New Locations in California
Auto Glass Now, the same-day glass repair, replacement, and calibration provider that is part of the Driven Brands family, announced the opening of two new California locations. Auto Glass Now Pinedale is located at 30 W Spruce Ave in Pinedale and Auto Glass Now Sacramento is located at 9565 Folsom Blvd, in Sacramento. Both facilities […]
ASA August 17 Webinar to Feature I-CAR Best Practices on Electric Vehicle Technology
The Automotive Service Association (ASA) Webinar Wednesday on Wednesday, August 17 at 1 p.m. (EDT) will feature I-CAR’s Dirk Fuchs who will take a close look at Electric Vehicle Technology and the industry-developed best practice for disconnecting and re-connecting high voltage vehicles. More information and registration for the EV technology webinar is available online. In […]
AAA Says Annual Cost of New Car Ownership Crosses $10K Mark
According to the latest research from AAA, the average yearly cost to own and operate a new vehicle in 2022 is $10,728, or $894 per month. A considerable increase from 2021, when the average yearly cost was $9,666 or $805.50 per month. Not surprisingly, fuel prices are the most significant factor pushing this year’s average […]
Collision Repair Education Foundation Announces Fall High School & College Career Fair Schedule
The Collision Repair Education Foundation (CREF) announced its Fall 2022 High School & College Transportation Student Career Fairs schedule across the country to provide employers with an opportunity to get to know thousands of incoming industry professionals. “CREF’s Career Fairs provide a unique opportunity for collision industry employers to connect with hundreds of students who […]
Wholesale Used-Vehicle Prices Declined Slightly in July from Seasonal Adjustment
The Manheim Used Vehicle Value Index is still up 12.5% from a year ago. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, decreased 0.1% in July from June. The Manheim Used Vehicle Value Index declined to 219.6, up 12.5% from a year ago. The non-adjusted price change in July decreased 3.2% compared […]
IAA Reports Second Quarter Revenue Up 16.9% to $520.3 Million
IAA, Inc. (NYSE: IAA) announced consolidated revenues increased 16.9% to $520.3 million in its second quarter ended July 3, from $445.1 million in the second quarter of fiscal 2021. Foreign currency movements had a negative impact of $4.1 million on revenue for the quarter. Revenue from our recent acquisitions of Auto Exchange and SYNETIQ was […]
Gasoline Falls Below $4 Per Gallon for First Time Since Early March
Demand increased last week as prices declined. AAA reported that since Monday, the national average for a gallon of regular gasoline dropped six cents to $3.99. The national average has not been below $4 per gallon since March 5. In the spring, oil prices spiked in reaction to Russia’s invasion of Ukraine, leading the national […]
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