The Fix Network announced that it has begun expanding the ProColor Collision brand across Canada with its first location outside of Quebec now open in Hamilton, Ontario, Canada. Fix Network acquired ProColor Collision in September 2019 with a vision to expand the brand outside of Quebec where it has more than 175 locations. An additional […]
Driven Brands Acquires International Car Wash Group
Driven Brands announced its acquisition of International Car Wash Group (ICWG) has been completed. With the addition of ICWG, Driven now encompasses more than 4,000 locations across 15 countries and approximately $3.8 billion in annual system-wide sales, making it the largest automotive aftermarket services company by location count in North America. Driven, a portfolio company […]
AAA Testing Raises Concern with Performance of Active Driving Assistance Systems
AAA automotive researchers found that over the course of 4,000 miles of real-world driving, vehicles equipped with active driving assistance systems experienced some type of issue every 8 miles, on average. Researchers noted instances of trouble with the systems keeping the vehicles tested in their lane and coming too close to other vehicles or guardrails. […]
AAPEX Show To Be Virtual Experience This Year
The organizers of the AAPEX show, scheduled for Nov. 3-5, at the Sands Expo and Caesars Forum Conference Center in Las Vegas, will not be held as an in-person event this year due to the current state of the COVID-19 pandemic and related governmental prohibitions and restrictions on gatherings, businesses, and travel. Instead, AAPEX will […]
Global Finishing Solutions Adds Platinum Equipment to Distribution Team
Global Finishing Solutions (GFS) announced that Platinum Equipment has joined its automotive and truck refinish distribution team, bolstering GFS’ ability to provide service to collision repair facilities in Minnesota, North Dakota, South Dakota and western Wisconsin. Founded in 2020, Platinum Equipment supplies and services a variety of automotive repair equipment, including paint booths and frame […]
SEMA Cancels 2020 Show
Uncertainty due to COVID-19 forces cancellation of this year’s Las Vegas event. Will determine interest in possible virtual event this fall. The Specialty Equipment Market Association (SEMA) announced that due to COVID-19 and concerns that event facilities and services will be unavailable, the SEMA Show will not be taking place this year. According to a […]
Allstate Reports Revenue Up 0.5% in Second Quarter
The Allstate-brand auto insurance combined ratio was 83.9, down more than 8 points due to pandemic impact on driving. The Allstate Corporation (NYSE: ALL) today reported second quarter revenue of $11.2 billion in the second quarter of 2020 increased 0.5% compared to the prior year quarter, primarily driven by net realized capital gains of $704 […]
IAA Announces Second Quarter Revenue Declined 19% to $297 Million on Impact from COVID-19 on Volume
IAA, Inc. (NYSE: IAA) announced its financial results for the second quarter of fiscal 2020, which ended June 28. John Kett, Chief Executive Officer and President, stated, “As expected, our second quarter results were materially impacted by COVID-19 and the sharp drop in miles driven and associated assignments in the quarter. Since late April, we […]
Collision Repair Shop Owner Wins Jay Leno’s Garage Tour in CREF Auction
BJ Penrod, owner of BJ’s Auto Theft and Collision in Denver, Colo., was thrilled to learn that he’d entered the winning bid for a private tour of Jay Leno’s Garage. The auction was held to benefit the Collision Repair Education Foundation (CREF) and its work to support collision repair educational programs, schools and students. “As […]
Audi of America Selects CCC for Collision Repair Parts Marketing Solution
Vehicle manufacturer will use CCC promotional part pricing solution. CCC Information Services Inc. (CCC) announced today that Audi of America has entered into a multi-year agreement with CCC to use CCC Promote as its sole parts promotion solution, supporting Audi dealers across the United States. CCC Promote enables Audi to offer promotional pricing on parts […]
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