Cites factors such as driving behavior, modern vehicle costs outside insurance industry’s control. Says repair complexity means days of the “shade tree mechanic” and collision repair facility that can fix anything are waning. The National Association of Mutual Insurance Companies (NAMIC) on December 14 released its analysis Cost Drivers: How Riskier Roads, Rising Repairs, and […]
Boyd Group Has Acquired 7 Collision Repair Centers Since Reporting Quarterly Results
MSO clarifies it is no longer reporting individual acquisitions as they occur, remains committed to goal of doubling 2019 revenues by 2025. The Boyd Group issued a press release today clarifying that it is no longer announcing acquisitions as they occur and that they have continued to acquire facilities during the current quarter. According to […]
Electude Partnership with Lincoln Tech Includes CCAR’s eSafety Online Learning Modules
Electude, a global innovator in automotive technology education, has joined forces with Lincoln Educational Services Corporation (NASDAQ:LINC), one of America’s leading career college organizations, which will integrate Electude’s learning platform into Lincoln Tech’s automotive technology program starting February 2022. That partnership includes the suite of online eSafety learning modules created by the Coordinating Committee For […]
Alliance for Automotive Innovation Reports 11 States and District of Columbia See New EV Registrations Above 5 Percent
Light trucks make up 60% of the ZEV market. The Alliance for Automotive Innovation released the latest Get Connected Electric Vehicle Quarterly Report, providing an overview of zero emission vehicle (ZEV) sales for the third quarter (Q3) of 2021 along with purchasing trends by state and vehicle segment. “This report highlights the growth we have […]
Addison Thomas Promoted to President and COO of Dent Wizard
Dent Wizard International announced the promotion of Addison Thomas to president, in addition to his current role as chief operating officer. Thomas’ promotion is effective January 1, 2022. Thomas has served as Dent Wizard’s COO since 2018, leading the company’s core service operations team. He served in various roles with Dent Wizard over the past […]
Crash Champions Acquires 12 Collision Repair Centers in Florida
Crash Champions, LLC announced the closing of five acquisitions across Florida, adding 12 new collision repair centers to the company’s footprint in the state. With these acquisitions, Crash now operates 27 Florida shops. The company first entered Florida’s key growth market earlier this year. The new acquisitions include: Basset Group in Clearwater (2), Sunrise (1), […]
Penske Automotive Group Acquires BMW Dealership in Michigan
Penske Automotive Group, Inc. (NYSE:PAG) announced that it has acquired Erhard BMW of Bloomfield, located in Bloomfield Hills, Mich., representing the company’s 48th BMW dealership world-wide. Commenting on the acquisition, President Rob Kurnick said, “This dealership has a strong legacy of serving BMW enthusiasts in the metropolitan Detroit market for over 50 years. We are […]
Tim Knavish Appointed Chief Operating Officer at PPG
PPG (NYSE:PPG) today announced the appointment of Tim Knavish, executive vice president, as chief operating officer, effective March 1, 2022. Knavish will have executive oversight responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S), and procurement functions. He will remain based at […]
Jeff Nosek Named President of MOTOR Information Systems
MOTOR Information Systems announced the promotion of Jeff Nosek to president. The announcement was made by Tom Cross, president of Hearst Transportation and Rich Malloch, executive vice president for Business Media at Hearst. The promotion is effective immediately. In his new role, Nosek will lead the MOTOR business and report to Cross. Nosek has served […]
Small Business Optimism Up Slightly in November
A net 59% of small business owners increased prices, the highest level since 1979. The NFIB Small Business Optimism Index increased slightly in November by 0.2 points to 98.4. Four of the 10 Index components improved, four declined, and two were unchanged. The NFIB Uncertainty Index decreased four points to 63. “As the end of […]
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