Following calls by consumer groups for the U.S. Treasury Department’s Federal Insurance Office (FIO) to update its 2017 auto insurance affordability study, two insurance groups commented on the proposals. David Snyder, vice president of the American Property Casualty Insurance Association’s Policy, Research and International Division (APCIA) said, “We support the Department of Treasury’s Federal Insurance […]
LKQ Reports Second Quarter Revenue of $3.4 Billion
Announces additional $1 billion stock repurchase program. LKQ Corporation today reported revenue for the second quarter of 2021 was $3.4 billion, an increase of 30.8% compared to $2.6 billion in the second quarter of 2020 that had been impacted by the pandemic. For the second quarter of 2021, parts and services organic revenue increased 21.9%, […]
Honda Collision Repair Focus of August 12 Guild 21 Webinar
VeriFacts Automotive, LLC announced that the next Guild 21 Webinar will be held on Thursday, August 12 at 2 p.m. (EDT) and focus on All Things Honda. The 60-minute presentation will feature Scott Kaboos, America Honda Motor Company’s national assistant manager of Collision Repair Training and Technology. Kaboos will be joined by John Chambers, Honda’s […]
Crash Champions Hosts 10th Annual Make-A-Wish Foundation Fundraiser
Crash Champions, LLC announced that its 10th annual Make-A-Wish Foundation golfing fundraiser has raised $15,000, the highest one-year total in the event’s history. The event had 160 golfers hitting the links at Gleneagles Country Club in Lemont, Illinois to support life changing wishes for children with critical illnesses, with funds raised through vendor sponsorships, golfer […]
Enterprise Holdings Awards $7 Million to Nearly 700 Nonprofits Working to Advance Social and Racial Equity
Enterprise Holdings, through the Enterprise Holdings Foundation, is awarding its inaugural local Enterprise Holdings ROAD Forward grants to nearly 700 nonprofit organizations addressing social and racial equity gaps facing youth and families in communities across the globe. Combined, the grants total more than $7 million in 2021. The announcement is another step in the ROAD […]
Justice Department Obtains $50,000 Settlement Against Dallas Towing Company for Illegally Selling Cars Owned by U.S. Servicemembers
The Justice Department announced that Dallas towing company United Tows LLC has agreed to enter into a consent order to resolve allegations that it illegally sold five servicemember-owned vehicles, in violation of the Servicemembers Civil Relief Act (SCRA). The SCRA is a federal law that provides a variety of financial and housing protections to members […]
July New Vehicle Sales Projected Above Last Year
Inventory shortages likely to cause July sales pace to weaken. New-vehicle retail sales for the month of July are expected to grow from July 2020 but decline from July 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,187,300 units, a […]
Crash Champions Acquires Collision Repair Center in Santa Clara, California
Crash Champions, LLC announced today the acquisition of Anderson-Behel Body Shop, a single shop located at 750 Aldo Ave, Santa Clara, Calif. This is the company’s first expansion in the San Francisco Bay Area after initially entering the Northern California market last month with the acquisitions of American Autobody Specialist and Diablo Auto Body. The […]
Consumer Organizations Call on Federal Insurance Office to Update Auto Insurance Affordability Study
In a comment letter sent to the agency on Monday, July 26, Consumer organizations urged the Department of Treasury’s Federal Insurance Office (FIO) to update a 2017 study on the affordability of auto insurance in historically underserved communities and to conduct a deep and thorough investigation of unfair discrimination in auto insurance markets. While state […]
U.S. Senators Introduce Road to Zero Resolution Calling for an End to Traffic Deaths
With traffic deaths on the rise, U.S. Senator Richard Blumenthal (D-CT) and U.S. Representative Jan Schakowsky (D-IL) led their Congressional colleagues in introducing the Road to Zero resolution today in support of progress to eliminate traffic deaths. The resolution expresses a commitment to advancing policies to end roadway fatalities by 2050 and supports efforts to […]
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