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Consumer Confidence Continued to Grow in April

May 3, 2021 By CollisionWeek Editor

Consumer Sentiment Index April 2021

Record job prospects outweigh inflation concerns. April surveys recorded continued gains in consumer confidence due to a growing sense that the upward momentum in jobs and incomes is likely to persist, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 88.3 in the April 2021 survey, up from 84.9 […]

Filed Under: News Tagged With: Consumer Sentiment Index

Classic Collision Announces Multiple Collision Repair Shop Acquisition in South Carolina

May 3, 2021 By CollisionWeek Editor

Classic Collision, LLC announced the acquisition of four Performance Collision Centers in South Carolina. Classic Collision now has five South Carolina locations and operates 70 centers total in Georgia, Florida, Alabama, South Carolina, and California. Performance Collision Centers have been serving the Myrtle Beach community for several years. They have also recently added locations in […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, South Carolina

Final Week for Collision Industry Foundation Online Silent Auction

May 3, 2021 By CollisionWeek Editor

The Collision Industry Foundation (CIF) announced that its virtual silent auction will remain open for bidding through this Friday, May 7 until 3 p.m. (EDT). Registration for the event is available online. There are up to 30 items to bid on, with something for everyone. Bid on sports memorabilia like autographed items by Joe Namath, […]

Filed Under: News Tagged With: Collision Industry Foundation, Fundraiser

Registration Open for MACS 2021 Training Event and Trade Show

May 3, 2021 By CollisionWeek Editor

Mobile Air Climate  Systems Association logo

Registration is now open for ACcess, the Mobile Air Climate Systems Association, (MACS) 41st annual Training Event and Trade Show to be held September 30-October 2 at the Rosen Centre Hotel, Orlando, Fla. The event had been rescheduled due to the global pandemic. MACS is planning its 2021 Training Event with careful consideration to the […]

Filed Under: News Tagged With: Annual Conference, Mobile Air Climate Systems Association

LexisNexis Report Shows 60% of Auto Claims Being Handled Virtually One Year After Start of Pandemic

May 3, 2021 By CollisionWeek Editor

Future of Claims Report 2021

LexisNexis Risk Solutions today released its 2021 Future of Claims Report, revealing how the COVID-19 pandemic has accelerated claims automation. The report includes actionable insights for auto insurance carriers to improve their customer experience and turn virtual claims processing into a competitive advantage. The secret? Offering a hybrid model of self-service claims with access to […]

Filed Under: News Tagged With: Claims Technology, LexisNexis Risk Solutions, Photo Appraisal

Boyd Group Acquires Two Collision Repair Centers in Texas

April 30, 2021 By CollisionWeek Editor

The Boyd Group Inc. announced the acquisition of two collision repair centers in Texas. The new Gerber Collision & Glass repair centers operated as Pro Care Collision, founded in 2001 with a location in Flower Mound followed by the addition of a Denton location in 2017. Both cities are located within the Dallas-Fort Worth metropolitan […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, Texas

Safelite Acquires Auto Glass Provider in Michigan

April 30, 2021 By CollisionWeek Editor

Safelite Group announced the acquisition of Troy Auto Glass in Troy, Mich. The transaction was completed on Wednesday, April 28. “Welcoming associates from Troy Auto Glass is such a great pleasure,” said Tom Feeney, president and CEO of Safelite Group. “Their talented team takes pride in providing old-fashioned and friendly service, earning them a highly […]

Filed Under: News Tagged With: Acquisitions, Michigan, Safelite

Toyota Insurance Management Solutions Establishes its National Headquarters in Texas

April 30, 2021 By CollisionWeek Editor

Toyota Insurance Management Solutions (TIMS) announced it established its first official office space and national headquarters in Plano, Texas.  The grand opening of this new office, located in the Legacy West business district, was commemorated with a ribbon cutting ceremony and site tour.  Guests included TIMS executive leadership, as well as Plano’s Mayor Harry LaRosiliere, […]

Filed Under: News Tagged With: Openings, Toyota Insurance Management Solutions

asTech Adds Live Chat

April 30, 2021 By CollisionWeek Editor

asTech announced it is now offering a new live-chat feature, making it easier for customers to communicate with technicians. The chat feature is available on the company’s mobile app, native app and via asTech.com. The live-chat will allow customers to: Chat back and forth to discuss fixes on the vehicle; See when an asTech technician […]

Filed Under: News Tagged With: asTech, Diagnostics

LKQ Reports First Quarter Revenue of $3.2 Billion, Up 5.7% from Last Year

April 29, 2021 By CollisionWeek Editor

LKQ Organic Parts and Service Revenue Q1 2021

Parts and services organic revenue increased 0.6% overall and 2.2% on a per day basis during the quarter. March was up 15.7% on per day basis. LKQ Corporation (NASDAQ:LKQ) today reported first quarter 2021 revenue was $3.2 billion, an increase of 5.7% as compared to $3.0 billion in the first quarter of 2020. For the […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

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