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Hertz Global Holdings Reports Revenues of $2.2 billion

October 29, 2021 By CollisionWeek Editor

Hertz Global Holdings, Inc. (OTCPK: HTZZ; OTCPK: HTZZW) announced for the third quarter 2021, the Company generated total revenues of $2.2 billion, reflecting the continued rebound in leisure travel and tight fleet inventory as Hertz executes against its strategic roadmap. While volume continued to be lower compared to 2019 levels, these headwinds were partially mitigated […]

Filed Under: News Tagged With: Earnings, Hertz

Headlights Depot Opens Denver Warehouse

October 29, 2021 By CollisionWeek Editor

Headlights Depot announced the opening of a warehouse and distribution center in Denver, Colo. The warehouse will be specialized towards servicing body shops, storing a wide selection of CAPA-certified lighting parts and furthering the vision of providing body shops with the “Amazon-Style” service. Just the first of several planned new openings, this warehouse expands Headlights […]

Filed Under: News Tagged With: Colorado, Headlight Depot, Openings

Maaco Joins Defense Department Military Spouse Employment Partnership

October 29, 2021 By CollisionWeek Editor

On October 26, Maaco joined the Department of Defense Military Spouse Employment Partnership in a virtual ceremony. Maaco joins 45 new partners to MSEP – bringing the number of employers to 544. MSEP connects military spouses with hundreds of partner employers who commit to recruit, hire, promote and retain military spouses. Since its inception in […]

Filed Under: News Tagged With: Department of Defense, MAACO, Military Spouse Employment Partnership, Workforce Development

ASE Education Foundation Launches New Adopt-A-School Program

October 29, 2021 By CollisionWeek Editor

The ASE Education Foundation has introduced a new Adopt-A-School program that enables businesses to provide support to local schools while simultaneously providing those businesses with access to up-and-coming service professionals entering the work force. “Our Adopt-A-School program is a new avenue to help increase the number of service professionals entering the industry while at the […]

Filed Under: News Tagged With: ASE Education Foundation, Career and Technical Education, Workforce Development

J.D. Power Reports Auto Insurance Claim Satisfaction Rises

October 28, 2021 By CollisionWeek Editor

Increased vehicle complexity introduces new challenges as claims for vehicles with Advanced Driver-Assistance Systems (ADAS) are 13.5% higher on average. The nationwide surge in used vehicle prices has given an unexpected boost to auto insurance customers who experience a total loss—their vehicles might be worth more than they thought. This phenomenon of higher replacement values, […]

Filed Under: News Tagged With: Claim Satisfaction, J.D. Power

CCC Launches Touchless Auto Estimates with Line Level Detail to Enable Straight-Through Processing

October 28, 2021 By CollisionWeek Editor

CCC Intelligent Solutions Inc. announced a straight-through claims processing (STP) solution powered by artificial intelligence (AI), CCC Estimate-STP. The system uses advanced AI and insurer-driven rules to automatically initiate and populate detailed and actionable estimates in seconds, making touchless estimates a reality. In market with four national insurers, including USAA, CCC Estimate – STP offers […]

Filed Under: News Tagged With: Artificial Intelligence, CCC, Straight-Through Processing

National Auto Body Council First Responder Emergency Extrication Program Salutes First Responders on National First Responder Day

October 28, 2021 By CollisionWeek Editor

The National Auto Body Council First Responder Emergency Education (F.R.E.E.) program helps prepare local first responder teams to rescue accident victims from these late-model vehicles. Since the program was founded, it has provided hands-on education to nearly 5,000 first responders, thanks to the support of its vehicle donors and tool partners Hurst Jaws of Life […]

Filed Under: News Tagged With: First Responder Emergency Extrication, National Auto Body Council

PPG Introduces Wheel Refurbishing Solution for Commercial Vehicles

October 28, 2021 By CollisionWeek Editor

PPG Commercial Wheel Powder Coating System

PPG (NYSE:PPG) today announced the launch of the PPG Wheel Refurbishing Program featuring the PPG ENVIROCRON family of powder coatings. Specifically created to address the needs of commercial tire retread centers, the new program efficiently transforms rusty, corroded wheels to near-original equipment quality. “Our customers asked for more than just a powder coating,” said Jamie […]

Filed Under: News Tagged With: Commercial Refinish, Powder Coatings, PPG Industries

1Collision Adds Collision Repair Centers to Network Washington State and Maryland

October 28, 2021 By CollisionWeek Editor

1Collision announces the addition of Center Collision in Tacoma, Wash. and MSO Sudden Impact in Glen Burnie, Md. to its network. “A good friend recommended 1Collision to me after he had a great experience in the network and after looking into it myself, I can see the benefits of being part of a much bigger […]

Filed Under: News Tagged With: 1Collision Network, Maryland, Network Affiliations, Washington State

Inventory Constraints Projected to Continue Reducing New-Vehicle Sales in October

October 27, 2021 By CollisionWeek Editor

Prices and profits, however, increase to record highs. Truck and SUV market share projected over 80% even with higher gas prices. New-vehicle retail sales for the month of October 2021 are expected to decline when compared with October 2020 and October 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales […]

Filed Under: News Tagged With: J.D. Power, LMC Automotive, New Vehicle Sales

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