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 […]
Crash Champions Adds Four Collision Repair Centers in Ohio
Continues growth in Cleveland market with two separate acquisitions. Crash Champions, LLC announced the acquisition of four collision repair centers in two separate transactions. Crash Champions acquired the Ohio Collision Group (OCG), with three locations in the Cleveland metro area, and Car-Tech Collision of Akron, a single shop located at 727 E. Turkeyfoot Lake Road, […]
Axalta Reports Reports Sales Up 72.6% in Second Quarter over Pandemic Impacted 2020
Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,126.8 million for its second quarter ended June 30, an increase of 72.6% year-over-year, including a 5.3% foreign currency benefit, driven by 56.4% higher volumes and 9.3% higher average price and product mix. The company reported that volume growth across all end-markets was driven by ongoing […]
CIECA August 19 Webinar Features CCC on AI and Network Connections Redefining Claims and Repair Experience
The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAST webinar is scheduled for Thursday, August 19 at 2 p.m. (EDT). The webinar, How Activating AI and Network Connections is Redefining the Claims and Repair Experiences, will feature Marc Fredman, chief strategy officer, and Shivani Govil, chief product officer, from CCC Intelligent Solutions […]
AkzoNobel and Sikkens Extend Partnership with Mercedes-Benz in China and Indonesia
Mercedes-Benz and AkzoNobel have agreed to extend their partnership agreement for another four years. It means the company will continue to be a recommended supplier of vehicle refinish products and services in China and a preferred partner in Indonesia. The deal was confirmed after extensive testing and analysis of the product assortments and services provided […]
Fix Network Expands in Spain with Launch of Six Fix Auto-NOVUS Glass Locations
Fix Network World announced the launch of the first six Fix Auto-NOVUS Glass locations across Spain. The new locations, Barcelona North, Arganda del Rey, Leganes, Madrid Este, Coslada and Guadalajara, are the first of many locations that Fix Network World has planned to support Spain’s aftermarket industry. The Spanish operations for Fix Auto and NOVUS […]
Property & Casualty Insurers’ Q1 Net Income Grows as Profitability Ratios Worsen
U.S. industry notches strong first quarter, but catastrophes hamper underwriting performance, according to Verisk and APCIA Private property/casualty insurers in the United States saw their net income after taxes increase in the first quarter of 2021 from a year earlier, while their combined ratio – a key measure of underwriting profitability – worsened, according to […]
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