As 2021 drew to an end, 3M was looking toward the future ─ specifically the collision repair industry’s future ─ as they donated $889,719.50 in products and supplies to 300 schools around the country, through the Collision Repair Education Foundation (CREF). “Investing in the talent of the future for collision repair trade is a priority […]
Berkshire Hathaway Reports GEICO Collision Claims Severity Up 19-20% in Second Quarter Compared to Last Year
Reports underwriting loss as higher used car prices and shortages of collision repair parts increase severity. Berkshire Hathaway reported its second quarter 2022 earnings, including details about its GEICO subsidiary, the second largest private passenger auto insurer in the U.S. on August 6. GEICO’s pre-tax underwriting loss in the first half of 2022 reflected increased […]
1Collision Adds Four Collision Repair Center MSO to Network in Michigan
1Collision announced the addition of Car Center’s four locations in Michigan to its network. Established 30 years ago, Car Center operates collision repair facilities in Big Rapids, Burton Heights, Cedar Springs and Greenville. The company prides itself on offering quality auto body repair and exceptional customer service. “We are delighted to be bringing on […]
AASP/NJ to Host Special Meeting September 14
The Alliance of Automotive Service Providers of New Jersey’s (AASP/NJ) Fall kickoff meeting, featuring Society of Collision Repair Specialists’ (SCRS) Executive Director Aaron Schulenburg, is set for Wednesday, September 14 at 6:30 p.m. (EDT) at Car Lofts, a high-end vehicle storage facility and social club, located in Fairfield, N.J. Schulenburg intends to arm repairers with […]
ASE Education Foundation Says Adopting a School is Easy as 1-2-3
The ASE Education Foundation has made it as easy as 1-2-3 for businesses to benefit from adopting a local school as part of its new Adopt-A-School program. “Businesses, students and schools all benefit from school-work partnerships. That’s why we developed the Adopt-A-School program with online resources to make it easy and seamless for them to […]
Allstate Announces Revenue of $12.2 Billion in Second Quarter
Cites increasing parts prices, cycle time, and technician shortage driving higher repair costs. “Doubles down” on its relationships with parts suppliers and direct repair program to help control costs. The Allstate Corporation (NYSE: ALL) reported total revenues of $12.2 billion in the second quarter of 2022 decreased 3.4% compared to the prior year quarter as […]
Registration Open for October 31 MSO Symposium
The Automotive Service Association (ASA) and the MSO Symposium advisory board announced the 11th annual MSO Symposium will be held October 31st, the Monday before SEMA/AAPEX, in Las Vegas, Nev. Created by and for multiple collision repair shop owners, the event will begin at 10 a.m. (PDT) with a light breakfast, networking, and vendor displays. […]
CCC Intelligent Solutions Reports Revenue of $192.8 Million in Second Quarter, Up 16% from Last Year
CCC Intelligent Solutions Holdings Inc. (NYSE: CCCS), announced total revenue was $192.8 million for the second quarter of 2022 ended June 30, an increase of 16% from $166.8 million for the second quarter of 2021. GAAP gross profit was $139.9 million, representing a gross profit margin of 73%, for the second quarter of 2022, compared […]
Uni-Select Reports Sales Up 6.7% in Second Quarter
FinishMaster US second quarter sales were $186.5 million, up 8.9%. Uni-Select Inc. (TSE: UNS) today reported consolidated sales of $444.3 million, up $27.9 million or 6.7%, for the second quarter ended June 30. Sales were up 10.8% excluding the impact of unfavorable fluctuation of the British pound and the Canadian dollar against the US dollar […]
CARSTAR Adds Collision Repair Center to Network in Fairport Harbor, Ohio
CARSTAR announced the opening of CARSTAR Jeff’s Garage, a 10,500 square foot facility home to a team of seven employees at 1199 East Street in Fairport Harbor, Ohio. Jeff McKinney, owner of CARSTAR Jeff’s Garage, is a second-generation collision repair industry leader. The location itself was owned by Jeff’s father and was opened over 50 […]
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