Insurance association warns that higher auto loss severity and rising claims frequency pushing costs up to levels not seen since 2017. Rising auto accident frequency and severity in the U.S. auto insurance market, combined with the challenges of balancing supply and demand for vehicles and vehicle parts following COVID-19, are resulting in increased claims costs […]
Dynabrade Acquires Manth Manufacturing
Dynabrade, Inc. recently completed the acquisition of one of its suppliers, Manth Mfg. Inc., located in Tonawanda, N.Y. Manth Mfg. will continue to operate as a wholly-owned subsidiary of Dynabrade. “This is an excellent opportunity for Dynabrade to expand the scope of our vertical integration strategy,” says Dynabrade President, Michael Buffamonti. “Manth has been a […]
Vehicle Manufacturer Chip Shortage Projected to Continue into Late 2022
An article yesterday in the Wall Street Journal warns that the “chip famine” starving vehicle manufacturers of needed electronics will likely continue widely into late 2022 and further for more advanced chips. The article, by David Yergin, vice chairman of IHS Markit, and Matteo Fini, vice president for automotive supply chain and technology at IHS […]
PPG Expands Online Training Options for Collision Repair Centers with Knowledge College Launch
PPG (NYSE:PPG) today announced the launch of the PPG Knowledge College online learning management system, which provides the refinish industry with a comprehensive online training program for automotive and commercial finishing systems and professional business development. “The PPG Knowledge College program offers our customers great flexibility since it allows the student to decide the best […]
ASE’s Five Collision Repair Tests Verify Knowledge and Ability
The National Institute for Automotive Service Excellence (ASE) is reminding the industry it offers five tests for collision repair technicians and refinishers. These tests are designed to identify and recognize those automotive service professionals who possess knowledge of the skills necessary to properly analyze and repair automotive collision damage and correct paint finish damage. The […]
PNC Riverarch Capital Sells Painters Supply & Equipment to Odyssey Investment Partners
PBE distributor operates 50 branch locations and two distribution centers. PNC Riverarch Capital announced the sale of Painters Supply & Equipment Co. (PSE) to Odyssey Investment Partners in August. Terms of the transaction were not disclosed. Founded in 1952, PSE is a leading distributor of paint and related supplies to the automotive aftermarket and specialty […]
Sonic Automotive Acquires RFJ Auto Partners
RFJ operates 33 dealership locations in seven states and a portfolio of 16 automotive brands. Sonic Automotive, Inc. (NYSE:SAH) today announced an agreement to acquire RFJ Auto Partners, Inc. This acquisition represents one of the largest transactions in automotive retail history and is expected to propel Sonic Automotive into the top-five largest dealer groups in […]
New York Takes Down Auto Theft Ring Linked to Theft of Over 225 Vehicles
New York State Attorney General Letitia James and New York City Police Department (NYPD) Commissioner Dermot Shea announced the indictment of 10 members of an auto theft and distribution operation for their roles in the theft and/or criminal possession of 45 vehicles during a six-month period and their roles related to the theft and resale […]
Tight Used-Vehicle Inventory Pushes Prices Higher
The average listing price for used vehicles set another record in August as vehicle inventory dipped, according to the Cox Automotive analysis of vAuto Available Inventory data, though available supply fell, days’ supply held steady throughout August because sales slowed. Higher used vehicle prices are a positive factor for the collision repair industry as the […]
Michael Casula Named Chief Information Officer at Crash Champions
Crash Champions, LLC announced today that Michael Casula has been appointed to the newly created position of chief information officer. In this role, Casula will provide leadership and strategic direction in building and supporting Crash Champions’ technology infrastructure and business processes. Casula joins Crash Champions from Hallmark Cards, where he served as the vice president […]
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