On a selling day-basis, sales are projected down less than one percent from last year, but more than 12% overall. Average retail sale price up over 8%. New-vehicle retail sales for the month of November are expected to decline marginally from November 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
Ford and I-CAR Expand Hybrid and Electric Vehicle Collision Repair Training Offering
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the launch of a new series of expanded training surrounding Hybrid Electric Vehicles (HEV) and Battery Electric Vehicles (BEV) with Ford Motor Company. These courses are specifically designed to provide the industry with an overview of electrified vehicles and safety considerations, as well as specific information […]
Hertz Announces Sale of Donlen Corporation to Athene Holding
Hertz Global Holdings, Inc. (OTCPK: HTZGQ) announced that it has entered into an agreement to sell its wholly-owned subsidiary, Donlen Corporation, a fleet management leader, to Athene Holding Ltd. (NYSE: ATH), a financial services company, for an anticipated cash payment of $825 million subject to adjustments for fleet equity, working capital and assumed debt. Hertz […]
Polish Insurer PZU Partners with Tractable for AI Auto Damage Analysis
PZU, the largest financial institution in Central and Eastern Europe, is using artificial intelligence (AI) to enhance how it reviews its car insurance claims across Poland. PZU handles nearly 500,000 motor damage claims per year. Before implementing AI, Poland’s largest insurer was performing a detailed review of around 20% of its motor claims that are […]
AASP/NJ Assists Members with License Renewals
With COVID-19 dramatically affecting collision repair businesses in New Jersey over the past several months, the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) has been actively assisting several shops in ensuring that their auto body licenses will be renewed for the next two years. In July, the New Jersey Motor Vehicle Commission (MVC) […]
Kemper to Acquire American Access for $370 Million
Kemper Corporation (NYSE: KMPR) announced that it has an agreement to acquire American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings, LLC, and its subsidiaries (AAC), in a cash transaction valued at $370 million. The transaction is expected to close in the first quarter of 2021, subject to regulatory approval […]
Car-O-Liner Structural Repair Equipment Approved for Mercedes-Benz USA
Car-O-Liner announced that Mercedes-Benz USA (MBUSA) has approved Car-O-Liner structural repair equipment and tools for use in Mercedes Certified Collision Centers. The recommended products include the BenchRack 5500, 6300, EVO Fixturing and Vision X3 measuring. “Our entire team is excited to be a part of the MBUSA Certified Collision Center Program,” said Tim Garner, market […]
Enterprise Holdings Pledges $120 Million to Advance Social and Racial Equity, Fight Hunger
Enterprise Holdings, through the Enterprise Holdings Foundation announced a new five-year, $55 million commitment to organizations that advance social and racial equity in communities around the world. The company’s new initiative, Enterprise Holdings ROAD Forward, will increase Respect, Opportunity, Achievement and Diversity (ROAD) for youth and families by addressing three social and racial equity gaps […]
Farmers Group in Talks to Acquire MetLife’s U.S. Property-Casualty Business
Zurich confirms reports its U.S. subsidiary is exploring acquisition of 16th largest auto insurer in the U.S. Zurich Insurance Group announced its U.S.-based subsidiary Farmers Group, Inc. is in talks with Metlife over a possible acquisition of MetLife’s U.S. property and casualty insurance business. The announcement came after reports regarding a potential transaction with MetLife […]
Fix Auto UK Adds Collision Repair Center to Network in Manchester
Fix Auto UK announced the addition of Greater Manchester-based Barlow Street Motors to its network. The new location will operate as Fix Auto Worsley. The appointment arrives two weeks after Fix Auto UK announced the opening of Fix Auto Liverpool South and takes the number of Fix Auto-branded repair centers in the region to 10. […]
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