Net income up 95% for the month compared to last year for the second month in a row. The Progressive Corporation (NYSE:PGR) reported that its total personal auto policies in force in May were 15,771,100, up 11 percent from 14,199,900 in May 2019. Agency channel auto policies in force totaled 7,336,700, up 9 percent from […]
Uni-Select Says April and May Sales Better Than Expected
Uni-Select Inc. (TSE:UNS) announced that following the implementation of a number of actions to respond to the COVID-19 pandemic as previously reported, its operating performance was better than anticipated with sales for April and May as well as cash management better than the internal forecast set in late March in response to the uncertainty surrounding […]
AAA Says Price Increases Slow Alongside Dip in Gas Demand
The rate at which gas prices are increasing across the country is slowing. Thirty states only saw an increase of a penny or two, causing the national average to push more expensive by three cents to $2.13 since last Monday. The slower rate can be tied to demand. Measuring at 7.87 million b/d, gasoline demand […]
INA PAACE Automechanika Mexico City Rescheduled to July 2021
After extensive discussions with the automotive community and thoughtful consideration of the current environment in Mexico, organizers of INA PAACE Automechanika Mexico City have made the determination to postpone the July 2020 edition of the event until July 21 – 23, 2021 at Centro Citibanamex, Mexico City. The show had previously been postponed from July […]
CARSTAR Adds Collision Repair Center to Network in San Francisco
CARSTAR announced the opening of CARSTAR Sunset Auto Reconstruction, a 6,000 sq. ft. collision repair facility located at 1270 20th Avenue, in San Francisco, Calif. Victor Sirhan, owner of CARSTAR Sunset Auto Reconstruction, has been in the collision repair industry for 14 years, originally starting on the insurance side. Two years ago, Victor purchased the […]
Solera Audatex Launches Image Capture Solution for AXA in the United Arab Emirates
Solera Audatex (Audatex FZ LLC), part of Solera Holdings, Inc., announced the implementation of Audatex Image Capture for underwriting at AXA, one of the region’s leading global insurers. AXA in the Gulf has been a partner of Solera Audatex in the United Arab Emirates for several years. Given the current industry conditions brought on by […]
I-CAR Provides Update on Restart of In-Shop Certification and Assessment Programs
The Inter-Industry Conference on Auto Collision Repair (I-CAR) shared details of its safety guidelines and plans for re-starting its Hands-On Skills Development, Welding Training & Certification and Live Courses, which have been paused during the COVID-19 pandemic. “The safety of everyone is I-CAR’s number-one priority in consideration of the plans and timelines for re-starting our […]
MEMA Urges New Trade Measures to Directly Help Motor Vehicle Parts Suppliers
MEMA submitted identical comments yesterday to the House Committee on Ways and Means and the Senate Committee on Finance for their hearings on the “2020 Trade Policy Agenda.” The letters coincided with the testimony of U.S. Trade Representative Robert Lighthizer, who served as the sole witness at both hearings to give insight into the Trump […]
IAA Expands Branches in Alabama, Florida, Montana and New York State
IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced branch capacity expansions across four key markets in Miami, Fla., Long Island, N.Y., Birmingham Ala. and Missoula, Mont. These expansions increase storage inventory by more than fifty percent total acres across the four branches. “These expansions provide much-needed capacity […]
Ford Announces Hands Free Driving System
Ford Motor Company today announced its Ford Co-Pilot360 Technology, a collection of available driver-assist features, and adds new offerings including Active Drive Assist, that will allow for hands-free driving on more than 100,000 miles of divided highways in all 50 states and Canada. Active Drive Assist begins rolling out on select 2021 model year Ford […]
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