Ancora Holdings Group, LLC, that owns approximately 4% of the outstanding shares of IAA, Inc. (NYSE:IAA) yesterday released a letter to the IAA Board of Directors stating it opposes the proposed sale to Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSE: RBA) that was announced last week. “We have had long-standing concerns regarding IAA’s capital allocation, […]
Solera Launches XpertEstimate to Deliver Virtual Auto Physical Damage Estimates
Full-service solution provides virtual desk appraisal with experienced staff and consumer self-service capabilities. Solera today launched a full-service, virtual auto estimating solution to deliver on customer expectations for fast and accurate self-service solutions to simplify the claims process. XpertEstimate brings together Solera’s technology and an experienced auto physical damage staff to process estimates quickly, improving […]
asTech Added as Preferred Diagnostic Provider in Allstate Good Hands Repair Network
Repairify today announced that Allstate has added asTech as a preferred diagnostic scanning provider for collision centers participating in its Good Hands Repair Network (GHRN). The partnership provides participating GHRN shops with preferred pricing for asTech devices and its menu of market-leading diagnostic services and capabilities. These include remote OEM and OEM compatible diagnostic scanning, […]
Preliminary Consumer Sentiment Declines in November
University of Michigan Survey declines after bouncing back from historic lows earlier this year. Consumer sentiment fell about 9% below October, according to the University of Michigan Surveys of Consumers. The preliminary results, released Friday, November 11, erasing about half of the gains that had been recorded since the historic low in June. The Index […]
Allstate Receives Private Passenger Auto Physical Damage Rate Increase in California
The increase is the first for Allstate in nearly five years and first for the industry in more than two years since the start of the pandemic. On October 30, the California Department of Insurance (CDI) approved Allstate’s request for a 6.9% increase in its personal auto liability and physical damage rates. The CDI has […]
Caliber Partners with TechForce Foundation and Learning Undefeated to Reach Future Collision Repair Technician Leaders
The Caliber family of brands, including Caliber Collision, Caliber Auto Care and Caliber Auto Glass, is highlighting its Technician Apprentice Program (TAP) and partnering with two national nonprofits, TechForce Foundation and Learning Undefeated, dedicated to workforce development in the technician field and creation of unique STEM experiences for students from under-resourced communities. STEM Education is an […]
Copart Releases Inaugural Environmental, Social and Governance Report
Copart, Inc. (NASDAQ:CPRT) released its inaugural report on its ongoing environmental, social, and governance (ESG) efforts. “From our inception, Copart has always been committed to principles of environmental stewardship, employee diversity and good governance,” said co-CEO Jeff Liaw. “We’re pleased to release our first report with substantial information about our efforts.” Copart’s Fiscal Year 2022 […]
Mike Kaufmann Inducted into AASP/NJ Hall of Fame
The Alliance of Automotive Service Providers of New Jersey’s (AASP/NJ) announced that Mike Kaufmann, from the Mike Kaufmann Dealer Group, became the newest inductee into the association’s Hall of Fame. Kaufmann has devoted his career to automotive parts distribution and is well-known throughout the Garden State for his work. Upon presenting him with the honor […]
iPhone Manufacturer Foxconn Broadens Lordstown Motors Strategic Partnership with $170 Million Investment
Announce plans to pursue first joint EV program. Lordstown Motors Corp. (LMC) (NASDAQ: RIDE), the commercial electric vehicle (EV) manufacturer, and Foxconn Ventures Pte. Ltd., an affiliate of global technology company Hon Hai Technology Group that manufacturers iPhones for Apple, announced Foxconn agreed to make additional equity investments in LMC in the form of $70 […]
National Auto Body Council Announces New Board Members and Executive Committee
At its Annual Meeting last week in Las Vegas, the National Auto Body Council (NABC) held its board elections for the upcoming year. In addition to re-electing four members whose terms were expiring, it also welcomed three new members to its Board. Active members in attendance at the in-person and virtual NABC annual meeting had […]
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