Consumer groups reiterate call for state insurance commissioners to require auto insurance refunds in response to “staggering drop in accidents” due to pandemic. Auto crashes remain low according to new accident data published by the Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ). The groups said that ongoing reduction in pandemic-driven crashes […]
State Farm to Require CCC Estimating for Select Service Collision Repair Facilities
State Farm, in an email to its Select Service direct repair facilities last week, announced that it will begin requiring the use of CCC’s estimating. The insurer, while supporting the use of multiple estimating platforms for many years, has included the ability to specify vendors and products in a provision in its Select Service agreement […]
Classic Collision Acquires Collision Repair Centers in Florida and California
Classic Collision, LLC, the Atlanta, Ga.-based collision repair facility operator headquartered in Atlanta, announced two acquisition transactions during the end of December. On December 19, Classic announced the acquisition of Collision Concepts in Delray Beach, Fla. Collision Concepts has served the Delray Beach area for over 40 years and meets the highest standard of craftsmanship […]
CSN Adds Collision Repair Center to Network in Toronto Market
CSN Hawley located just south of the 401 in Mississauga, Ontario is the collision repair facility to join the CSN Collision Centres network. “This area sees more than 40,000 vehicles a day so it’s important to the community to have a quality collision repairer they can trust, a reputation we’ve held for more than 50 […]
Driven Brands Files for Initial Public Offering
Driven Brands Holdings filed on December 22 with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering. Rennaissance Capital said, however, the deal is likely a placeholder for an IPO we estimate could raise up to $600 million. Driven Brands franchise network has 4,100 locations across […]
I-CAR Announces Recipients of Jeff Silver and Russ Verona Awards
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the recipients of its annual Jeff Silver and Russ Verona I-CAR Awards that recognize one individual and one collision repair shop for advancing technical education and professionalism in the collision repair industry. The Jeff Silver Award, honoring an I-CAR Platinum individual who demonstrates true passion for […]
AutoCanada Acquires Collision Repair Facility in Quebec
AutoCanada announced that it has acquired Auto Bugatti – Certified Collision Repair Centre on September 1st. Auto Bugatti has been in business for over 20 years and has 30,000 sq ft. of production space. The facility opened its doors in 1990 in Dorval, Quebec and has become a Certified Collision Repair Centre for BMW, MINI, […]
IAA Expands in California and Massachusetts
IAA, Inc. (NYSE: IAA) announced it increased capacity at its IAA High Desert branch located in Hesperia, Calif. and the overall Boston, Massachusetts market. This investment will increase the IAA High Desert branch’s inventory space by more than 60 percent, adding capacity to the overall Los Angeles market. Additionally, the Boston market will see a […]
10 Vehicle Manufacturers Reach Automatic Emergency Braking Commitment Ahead of Schedule
Ten automakers have fulfilled a voluntary commitment to equip nearly all the new light vehicles they produce for the U.S. market with automatic emergency braking (AEB) — well ahead of the 2022-23 target. The 10 manufacturers put the technology on more than 95 percent of the vehicles they produced between Sept. 1, 2019, and Aug. […]
Original One Parts Acquires PartCycle Technologies
Acquisition adds recycled e-commerce marketplace. Original One Parts LLC, a portfolio company of private equity firm Kinderhook Industries, LLC, announced the acquisition of PartCycle Technologies, LLC. PartCycle Technologies is an e-commerce marketplace for quality recycled OEM auto parts, based in Florence, Ala. The company was founded in 2015 by two tech entrepreneurs with a shared […]