Companies with a permit to test autonomous vehicles in California with a safety driver reported their technologies drove nearly 2 million miles on public roads during the most recent reporting period, a decrease of about 800,000 miles from the previous reporting cycle, according to disengagement reports recently submitted to the Department of Motor Vehicles (DMV). […]
Electric Vehicle Share in the US Reaches Record 1.8% in 2020
Electric vehicle (EV) registrations in the US in 2020 reached record market share of 1.8%, demonstrating increased consumer interest for electric vehicles, according to new analysis from IHS Markit (NYSE:INFO), the information, analytics and solutions provider. December 2020 also represented the highest monthly share for EV new registrations, at 2.5% of the industry – a […]
American Family Extends Auto Insurance Premium Relief through May but Anticipates Increased Driving and Claims as Vaccines Roll Out
Fourth round of relief will issue customers a 5% premium credit for April and May. American Family Insurance announced today it will continue to provide premium relief to personal auto insurance customers due to reduced driving and claims from the COVID-19 pandemic. New and existing customers with personal auto policies will receive a 5% premium […]
Turo Selects Claim Genius AI Technology for Auto Claims
Global peer-to-peer car sharing company Turo announced a partnership with Claim Genius, Inc, for artificial intelligence-based auto claims solutions. Turo will use Claim Genius’s advanced AI and image analysis technology to streamline the processing of auto damage claims to identify pre- versus post-trip damages, improving claims resolution time and accuracy. Under their partnership, Claim Genius […]
Uni-Select Reports Fourth Quarter Sales of $366.2 Million
Uni-Select Inc. (TSE:UNS) today reported consolidated sales of $366.2 million for the quarter ended December 31, a decline of 11.2% compared to the same quarter in 2019. Sales were impacted by COVID 19, resulting in negative consolidated organic growth of 12.0%. The fourth quarter was an improvement over the third quarter when negative organic growth […]
ASE Webinar This Afternoon Focuses on How to Optimize and Manage Your I-CAR Education
The National Institute for Automotive Service Excellence (ASE) is hosting a free webinar for technicians today, Friday, Feb. 19 at 4:00 p.m. EST entitled Optimize and Manage Your I-CAR Education. This webinar will show participants how to optimize and manage their I-CAR training education with the professional development program 2.0. The webinar will also show […]
Private Equity Firm LNC Partners Invests in Kaizen Collision Center
Multiple shop operator currently has 10 collision repair centers in Arizona and Southern California. LNC Partners, a Northern Virginia-based private equity firm with over $500 million of capital under management, announced that it has partnered with Kaizen Collision Center by making an investment to support its continued growth strategy. Kaizen currently operates 10 collision repair […]
ProColor Collision Adds Location in Ontario, Canada
The Fix Network Canada announced that Burlington Central, located at 2481 Industrial Street in Burlington, Ontario, Canada, has become the newest location to join the ProColor Collision family. Raghbir Rangi and Abhijit “Abhi” Gill, current owners and operators of ProColor Collision Burlington Central, have a deep understanding of the latest collision repair advancements, having […]
Axalta Fourth Quarter Sales Down 2.2% Compared to 2019
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its fourth quarter net sales were $1,074.5 million down 2.2% year-over-year, including a 1.8% foreign currency benefit. The result was driven by 3.8% lower volumes and 0.2% lower average price and product mix. Lower volumes were driven by ongoing COVID-19 related impacts primarily in the Refinish end-market, while volumes […]
LKQ Reports Fourth Quarter Revenue Down 1.9% Compared to 2019
LKQ Corporation (Nasdaq:LKQ) reported evenue for the fourth quarter of 2020 was $2.95 billion, a decrease of 1.9% as compared to $3.01 billion in the fourth quarter of 2019. For the fourth quarter of 2020, parts and services organic revenue decreased 5.2% (6.1% on a per day basis), while the net impact of acquisitions and […]
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