J.D. Power and LMC Automotive project over 13% decrease in total vehicle sales, but average vehicle prices will reach an all-time high. New-vehicle retail sales in August are expected to be down from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach […]
State Farm and Ford Partner on Usage-Based Insurance
State Farm and Ford announced that they have entered into an agreement to share connected vehicle telematics data for usage-based insurance (UBI) products. State Farm customers with eligible connected Ford vehicles will be able to opt-in to Drive Safe & Save, the voluntary usage-based insurance (UBI) program by State Farm that uses vehicle telematics to […]
SEMA Announces Virtual Event for Week of November 2-6
The Specialty Equipment Market Association (SEMA) announced that it is offering an online marketplace to allow manufacturers and resellers in the specialty automotive segment to connect and conduct business. Taking place Nov. 2-6, SEMA360 was created after industry members expressed a need for a viable marketplace solution in the absence of the 2020 SEMA Show […]
CIF Mobilizes to Assist Collision Repair Industry Members Impacted by Hurricane Laura
The Collision Industry Foundation (CIF) is mobilizing to assist those impacted by Hurricane Laura and seeks donations to assist these industry professionals and their families. CIF is the 501(c)(3) charitable arm of the collision repair industry. CIF’s Mission is to secure and distribute donations to individuals who have experienced significant losses due to natural disasters […]
Axalta Launches Waterborne Clearcoat Solution in Asia
Axalta (NYSE: AXTA) announced it released its waterborne clearcoat solution in China. It will be launched in Korea and Japan later this year. The new waterborne clearcoat aligns with Axalta’s sustainability commitment, while meeting the current needs in the Chinese, Korean and Japanese auto refinish market. This waterborne clearcoat reduces volatile organic compounds (VOC) emissions […]
Service King Opens New Collision Repair Center in Texas
New facility is MSOs 27th location in Houston. Also announces restarting full operations at many facilities converted to satellite locations due to COVID-19 slowdown. Service King Collision announced the opening of its most recent location in the Houston market, Service King of Liberty Lakes. The brand-new 14,000 square foot facility is located at 6620 E […]
Fix Auto Canada Adds Collision Repair Center to Network in Thornhill, Ontario
Fix Auto Canada announced the addition of Fix Auto Thornhill to its network. The Thornhill team has been in the collision industry for over 20 years. They were referred to the Fix Auto family by another owner operator, Fix Auto Markville. General Manager Cathy Zhang says, “We know from our network that Fix Auto offers […]
Balise Collision Repair Receives Toyota Triple Crown Award for Third Consecutive Year
Balise Collision Repair in Rhode Island was named the 2019 Toyota Certified Collision “Shop of the Year” Triple Crown winner for the third consecutive year. The award presented by Toyota Motor Sales recognizes the top Toyota Certified Collision Center in the country in areas of customer satisfaction, training specifications, and Key Performance Indicators within the […]
AASP/NJ Extends Virtual Northeast Trade Show Through September 7
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that they will be extending their NORTHEAST 2020 Virtual Trade Show through Labor Day weekend. Live meetings with exhibitors will no longer be available; company product info & contact details will remain through September 7. The show, originally scheduled in its traditional in-person format […]
U.S. Property/Casualty Industry’s Underwriting, Net Income Drops in First-Half 2020
A.M. Best says COVID-19 related underwriting expenses and dividends will impact industry profitability. Underwriting income for the U.S. property/casualty (P/C) industry fell by 5.5% in the first half of 2020, compared with first-half 2019, on increases in underwriting expenses and policyholder dividends, largely stemming from COVID-19-related factors. This AM Best financial review is detailed in […]
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