Concerns over pandemic and election results weigh on expectations for the future. Consumer sentiment fell in November due to a sharp decline in economic prospects, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 76.9 in November, down from 81.8 in October and well below last November’s 96.8. The entire […]
CAPA Approves New Standard for Replica Wheels
The Certified Automotive Parts Association (CAPA) announced the approval of CAPA Standard 901 for replica wheels. The standard applies to wheels made by independent manufacturers as a cost-effective replacement for damaged products. It contains requirements for construction quality, performance, markings, materials, dimensions, and appearance to ensure the aftermarket part is comparable to the car company […]
AASP-MN AWAIR Program Webinar Available on Demand
The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced its Creating an AWAIR Program for Your Shop webinar is now available on-demand. All automotive repair facilities in Minnesota are required to have A Workplace Accident and Injury Reduction (AWAIR) program. Minnesota OSHA has been out since July enforcing and citing violations of the AWAIR […]
Jeremy Rohen Named SVP Strategy and Business Development at Axalta
Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Jeremy Rohen is joining Axalta as Senior Vice President, Strategy and Business Development, effective January 18, 2021, and will report to Axalta’s President and CEO, Robert W. Bryant. “Jeremy will lead our enterprise strategy development and mergers and acquisitions function globally and work with our global business […]
Casey Crocker Named Director of National Sales for Western US at ProColor Collision
ProColor Collision announced the appointment of Casey Crocker as Director of National Sales for the Western United States to secure existing and new business through insurance and broker channels. In this role, Crocker will work with insurance carriers and fleet companies to promote the growth of the ProColor Collision brand across the US. He will […]
Vehicle Retail Sales Projected to Decline in November
On a selling day-basis, sales are projected down less than one percent from last year, but more than 12% overall. Average retail sale price up over 8%. New-vehicle retail sales for the month of November are expected to decline marginally from November 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
Ford and I-CAR Expand Hybrid and Electric Vehicle Collision Repair Training Offering
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the launch of a new series of expanded training surrounding Hybrid Electric Vehicles (HEV) and Battery Electric Vehicles (BEV) with Ford Motor Company. These courses are specifically designed to provide the industry with an overview of electrified vehicles and safety considerations, as well as specific information […]
Hertz Announces Sale of Donlen Corporation to Athene Holding
Hertz Global Holdings, Inc. (OTCPK: HTZGQ) announced that it has entered into an agreement to sell its wholly-owned subsidiary, Donlen Corporation, a fleet management leader, to Athene Holding Ltd. (NYSE: ATH), a financial services company, for an anticipated cash payment of $825 million subject to adjustments for fleet equity, working capital and assumed debt. Hertz […]
Polish Insurer PZU Partners with Tractable for AI Auto Damage Analysis
PZU, the largest financial institution in Central and Eastern Europe, is using artificial intelligence (AI) to enhance how it reviews its car insurance claims across Poland. PZU handles nearly 500,000 motor damage claims per year. Before implementing AI, Poland’s largest insurer was performing a detailed review of around 20% of its motor claims that are […]
AASP/NJ Assists Members with License Renewals
With COVID-19 dramatically affecting collision repair businesses in New Jersey over the past several months, the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) has been actively assisting several shops in ensuring that their auto body licenses will be renewed for the next two years. In July, the New Jersey Motor Vehicle Commission (MVC) […]
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