IAA, Inc. (NYSE: IAA) today announced that the UK’s Competition and Markets Authority (CMA) has cleared IAA’s acquisition of SYNETIQ Ltd., an integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million ($301 million). The businesses were previously required to be held separate under an initial enforcement order (IEO) issued by the […]
AASP-MN Announces April 7 Annual Meeting & Leadership Conference
The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced its Annual Meeting and Leadership Conference will be held April 7, at the Crowne Plaza Minneapolis West, in Plymouth, Minn. The conference, with the theme “Full Speed Ahead,” will be a full day of insights, practical strategies, and critical information to help attendees build momentum […]
Spanesi Announces Webinar Series
Spanesi Americas, Inc. announced that the Spanesi Interactive Channel will become a permanent offering after October’s debut. Beginning in March 2022, Spanesi Interactive Channel returns with all-new guests discussing relevant topics, product training, tutorials, collision industry issues, business growth strategies, and much more. Events are scheduled monthly and are free to attend with pre-registration. On […]
Consumer Reports Survey Finds Americans Support the Right to Repair
More than half of consumers say there isn’t enough choice on where to get something repaired. Consumers show small preference for local shops certified by vehicle manufacturers versus uncertified facilities. Consumer Reports (CR) released findings from a nationally representative survey about consumer attitudes toward repairing and replacing broken products, including vehicles, and the choices available […]
AASP-MN 20th Annual Race for Automotive Education Raises Nearly $9,000
The Alliance of Automotive Service Providers of Minnesota (AASP-MN) held its 20th Annual Race for Automotive Education, February 23-24, at ProKart Indoor Racing in Burnsville, Minn. The event raised nearly $9,000 to support the Alliance’s Automotive Education Fund and will fund scholarships for automotive students enrolled in ASE Accredited auto service and collision repair programs […]
March 24 CIECA Webinar Features Driven Brands and 1Collision Execs on Using Technology to Communicate with Customers
The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAST webinar Using Technology to Communicate Effectively With Customers is scheduled for Thursday, March 24 at 11 am PDT/1 pm CDT/ 2 pm EDT. The one-hour webinar will feature Dean Fisher, collision president for Driven Brands, and Jim Keller, president & COO of 1Collision. […]
31 Countries to Make 60 Million Barrels of Oil from Strategic Reserves Available Following Russia’s Invasion of Ukraine
The 31 Member Countries of the Governing Board of the International Energy Agency agreed to release 60 million barrels of oil from their emergency reserves to send a unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine. The U.S. is […]
NICB Testifies Before Senate Judiciary Committee on Unprecedented Rise in Auto Thefts, Carjackings
Cities across the United States have experienced an unprecedented rise in auto thefts and carjackings in recent years. David Glawe, president and CEO of the National Insurance Crime Bureau (NICB), provided comprehensive expert testimony today before the U.S. Senate Committee on the Judiciary regarding this complex issue. In his testimony, Glawe spoke on the staggering […]
State Farm Reports Record Growth in Auto Policies But Lower Earned Premiums
The largest auto insurer in the U.S. returned $401 million in dividends to auto policyholders even with higher claim costs. State Farm Insurance Companies announced it experienced record growth in auto, home and life policies in 2021. While experiencing record growth in auto policies, State Farm reported another year-over-year decrease in auto earned premium. The […]
CCC Reports Revenue of $187.1 Million in Fourth Quarter
CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) announced total revenue was $187.1 million for the fourth quarter ended December 31, up from $165.4 million for the fourth quarter of 2020. Adjusted for the impact of the divestiture of a portion of its professional services casualty solution in December 2020, total revenue grew 19% in the fourth […]
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