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Premium Increases Lead to Erosion in Auto Insurance Price Satisfaction

May 24, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Auto Insurance, Customer Satisfaction, J.D. Power

PPG Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions

May 24, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: ESG, Greenhouse Gas Emissions, PPG Industries, Sustainability

Uni-Select Canada and the Colonial Group Announce Strategic Agreement

May 24, 2022 By CollisionWeek Editor

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, […]

Filed Under: News Tagged With: Agreements Signed, Canada, Colonial Auto Parts, Uni-Select

Intertek Expands Service Offerings at North America Electric Vehicle Testing Lab

May 24, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Intertek, Michigan, Openings

Average Age of Vehicles in the US Increases to 12.2 years.

May 23, 2022 By CollisionWeek Editor

Average Age by Vehicle Type, Source: S&P Global Mobility

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 […]

Filed Under: News Tagged With: Average Age of Vehicles, Electric Vehicles, S&P Global Mobility, Vehicles in Operation

Crash Champions Acquires Collision Repair Centers in New Jersey and Pennsylvania

May 23, 2022 By CollisionWeek Editor

Crash Champions, LLC announced that it has grown its presence in New Jersey and Pennsylvania through the acquisition of Jost Collision and Garage, consisting of two locations at 1502 NJ-138 in Wall Township and 1704 Huntington Ave in Neptune City, N.J. and the acquisition of Syrena Collision Center consisting of two shops located at 691 […]

Filed Under: News Tagged With: Acquisitions, Crash Champions, New Jersey, Pennsylvania

Industry Professionals Talked Shop and Solutions at AASP/NJ Town Hall Meeting

May 23, 2022 By CollisionWeek Editor

The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) brought together dozens of automotive industry professionals May 19 at the Holiday Inn in Clark, NJ for a Town Hall meeting. All attendees were invited to speak their minds, share experiences and collaborate to find solutions to some of the biggest challenges plaguing the industry. […]

Filed Under: News Tagged With: AASP/NJ, New Jersey

LKQ Releases 2021 Sustainability Report

May 23, 2022 By CollisionWeek Editor

Unveils its new brand identity. LKQ Corporation (NASDAQ:LKQ) released its 2021 Sustainability Report and unveiled its new brand identity, reflecting the Company’s transformation from a salvage dismantler and recycler to a leading global value-added and sustainable distributor of vehicle parts, accessories, and services. LKQ’s 2021 Sustainability Report, highlights key environmental, social, and governance (ESG) accomplishments. […]

Filed Under: News Tagged With: ESG, LKQ Corporation, Sustainability

Funeral Services Announced for Sheila Loftus June 4 in New York City

May 23, 2022 By CollisionWeek Editor

Services for Sheila Loftus, the longtime executive director of the Washington Metropolitan Auto Body Association (WMABA) and editor and publisher of Hammer & Dolly, the association’s monthly trade magazine, who passed away May 11 were announced in an online obituary. Funeral services will be held Saturday, June 4 at Fort Washington Collegiate Church, located at […]

Filed Under: News Tagged With: Obituaries, People, Washington Metropolitan Auto Body Association

Increased Demand for Gasoline Pushes Prices to Record Levels

May 20, 2022 By CollisionWeek Editor

Gasoline demand was up 3.7% last week compared to the previous week. Since Monday, the national average for a gallon of regular gasoline reported by AAA has increased by 11 cents to $4.59 a new record. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 4.8 million barrels […]

Filed Under: News Tagged With: AAA, Fuel Prices, Gasoline Demand

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