Average price forecast to set another record. New-vehicle retail sales for May 2022 are expected to decline when compared with May 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,013,700 units, a 20.9% decrease compared with May 2021 when adjusted […]
Volvo Trucks Academy Opens New Illinois Facility to Better Serve Electric Truck Training
Volvo Trucks North America announced today that the Volvo Trucks Academy opened a new facility in Tinley Park, Illinois, to expand access to battery-electric truck training in the central U.S. The new 14,865-square-foot facility is larger and more modern than the previous Illinois training facility, enabling Volvo Trucks to provide more robust, hands-on learning opportunities […]
IAA Expands and Relocates Its UK Head Office
IAA, Inc. (NYSE:IAA) announced that its UK-based business unit is relocating and expanding its southern UK head office in order to meet the demands of both current and new customers. The current office, IAA House, will be retained as an expanded Customer Service center. “The expansion and relocation of our southern UK head office demonstrates […]
Hyundai Motor Group Increases US Investment
Plans to expand electric vehicle production and commercial launch of robotaxi service in 2023. The Hyundai Motor Group (HMG) is increasing its investment to more than $10 billion by 2025 to further its smart mobility solutions in the U.S. including investments HMG has allocated a series of additional expenditure to foster key future businesses such […]
Crash Champions Celebrates 200 Location Milestone
Company employs 3,500 people at 200 locations in 20 states. Crash Champions, LLC announced that, with the acquisition of two collision repair centers in New Jersey reported yesterday, it has grown to 200 collision repair centers. The company’s M&A strategy has grown Crash Champions by over 2,400 percent since 2019. Today, Crash Champions employs more than […]
Premium Increases Lead to Erosion in Auto Insurance Price Satisfaction
State Farm ranks highest among large insurers, The Hartford ranks highest among midsize insurers. According to the J.D. Power 2022 U.S. Insurance Shopping Study, auto insurance customer satisfaction with price has plummeted, driving a surge in new-policy shopping activity while also dragging on the purchase experience index. According to the report, auto insurers are caught […]
PPG Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions
PPG (NYSE:PPG) today announced that it has committed to setting near-term company-wide emission reductions in line with climate science through the Science Based Target initiative (SBTi), which is an organization that helps companies define their decarbonization strategy and reduce the impacts of climate change. PPG has an existing goal to reduce GHG emissions intensity by […]
Uni-Select Canada and the Colonial Group Announce Strategic Agreement
Uni-Select Canada Inc. (TSE:UNS) announced today that it has entered into a strategic agreement with Colonial Garage & Distributors Limited and its affiliated companies to join its Canadian network of independent members, a foundation of Uni-Select’s success for over 50 years. The Colonial Group, a family owned and operated business, established almost 100 years ago, […]
Intertek Expands Service Offerings at North America Electric Vehicle Testing Lab
Intertek announced the expansion of services and capabilities at its Transportation Technologies lab in Plymouth, Mich., to meet the automotive industry’s increasing demand for safe and reliable testing for evolving electric vehicle (EV) and electric vehicle supply equipment (EVSE) technologies. “As an early adopter of and pioneer in EV testing, Intertek’s continued investment in the […]
Average Age of Vehicles in the US Increases to 12.2 years.
Average age of light vehicles at an all-time high in 2022 as the vehicle fleet climbed to 283M passenger cars and light trucks. The average age of light vehicles in operation (VIO) in the US rose to 12.2 years this year, increasing by nearly two months over the prior year, according to new research from […]
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