Prices were down month over month, but still remain slightly above last year. The Manheim Used Vehicle Value Index (MUVVI) dropped to 202.9, reflecting a 2.0% decline in October’s wholesale used-vehicle prices adjusted for mix, mileage, and seasonality compared to September. The index is mostly unchanged compared to October 2024. The long-term average monthly move […]
Francisco Partners to Acquire Majority Stake in OEConnection
Francisco Partners has agreed to acquire a majority stake in OEConnection LLC from Genstar Capital, the companies announced today. Financial terms were not disclosed. OEConnection serves 45 vehicle manufacturers, 30,000 auto dealers and 135,000 wholesale customers across six countries. Genstar Capital, Ford Motor Co. and General Motors will remain minority investors in the transaction. Genstar […]
Maaco Names First Painter of the Year, Honoring 50-Year Career
Maaco has selected Norma Alicia Serrano, a painter at its Vacaville, Calif. location, as its inaugural Painter of the Year, the company announced today. Serrano, who has worked at Maaco Vacaville for nearly 18 years, will be recognized at the company’s annual convention this month at Planet Hollywood in Las Vegas. The award marks the […]
16 Veterans Receive Vehicles Through NABC Recycled Rides Program in Texas
The National Auto Body Council announced 16 refurbished vehicles will be donated to Dallas-area veterans on Veterans Day during a ceremony at Texas Collision Centers’ Plano location. The presentation brought together six insurance companies — GEICO, Allstate, Farmers, Travelers, Mercury Insurance and Liberty Mutual — which donated the vehicles. Texas Collision Centers performed the repairs. […]
Consumer Sentiment Decline Continuing in November
University of Michigan reports sentiment recorded declines in preliminary November results both month over month and year over year. Consumer sentiment was down sharply in mid-November, declining 3.3 index points from October, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 50.3 in early November, down 6.2% from 53.6 […]
NABC Elects Three New Board Members
The National Auto Body Council elected three new board members and re-elected four others during its annual meeting Nov. 7 at the SEMA Show in Las Vegas. Newly elected board members include: Ed Salamy, executive director of the Automotive Body Parts Association Kristen Alexander, director of sales and marketing at United Recyclers Group James Glenn, […]
Chrysler Recalls 320,000 Jeep PHEVs Over Fire Risk, Previous Software Fix Ineffective
Chrysler has recalled 320,065 plug-in hybrid electric vehicles over fire risks that persisted even after an earlier recall remedy according to the National Highway Traffic Safety Administration (NHTSA). The expanded recall covers model year 2020-2025 Jeep Wrangler and model year 2022-2026 Jeep Grand Cherokee vehicles. The recall includes 228,221 Wrangler PHEVs and 91,844 Grand Cherokee […]
asTech Releases Updated Scan, Calibration Platform
asTech, a Repairify company, announced an updated version of its scan and calibration platform. The Gen 3 platform features a more compact design than previous versions, built-in Wi-Fi connectivity and a touchscreen interface. The company said the smaller footprint allows technicians to work more easily around other equipment in shops where multiple workers may be […]
Used Car Prices Hit 18-Month High, Narrowing Gap with New Vehicles
CARFAX used car index climbing as used vehicle inventory remains below pre-pandemic levels. Average used car prices climbed to nearly $25,000 in recent months, representing an $1,300 increase over prices 18 months ago and the highest level since spring 2024, according to data released by CARFAX. According to the company the data shows an unusually […]
Pennsylvania Collision Repair Facility Manager, Shop Earn Dual I-CAR Awards
April Lausch, manager of Faulkner Collision Center of Lancaster, and her facility received I-CAR’s two highest annual honors. I-CAR presented the Jeff Silver Memorial Award to Lausch and the Russ Verona Memorial Award to Faulkner Collision Center of Lancaster on Tuesday at the SEMA Show in Las Vegas on Nov. 5. Lausch has maintained I-CAR […]
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