While sales are projected to decline for the month versus 2018, new vehicle sales remain near historically high levels. Spending on new vehicles during third quarter at record levels. New-vehicle retail sales in September are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail […]
Genstar Capital Completes Acquisition of OEConnection
OEConnection LLC (OEC) and Genstar Capital announced they have finalized the deal for Genstar to acquire a majority stake in OEC from Providence Equity Partners that was announced in August. Current investors, Ford Motor Company and General Motors, will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed. […]
IAA Opens New Location in Massachusetts
IAA, Inc. (NYSE: IAA) announced the opening of its Templeton, Mass. facility. With 55 acres of land, IAA Templeton is the company’s third branch in the Commonwealth and will support customer demand and inventory growth in both the state and across the New England region. “New England continues to be an important market for us,” […]
Collision Repair Education Foundation and PPG Celebrate Over $700,000 Raised to Support Collision Schools and Students in Past Ten Years
2020 fundraiser scheduled for July 21 in Philadelphia, Pa. The annual Collision Repair Education Foundation industry fundraiser celebrated its 10 year anniversary of the automotive refinish business unit of PPG co-hosting the event. The event has raised over $700,000 since 2009 to support scholarships and grants for collision schools and students. The 2019 event included […]
CIECA October 15 Webinar Features CCC’s Susanna Gotsch
The Collision Industry Electronic Commerce Association (CIECA) announced its next webinar will be held on Tuesday, October 15th at 11 a.m. CDT and feature Susanna Gotsch, director, industry analyst, at CCC Information Services. Gotsch will examine how changes to the automobile have impacted both vehicle loss costs and vehicle accident frequency during 2019 in the […]
General Motors Working to Alleviate Strike Impact on Collision Repair Parts Supply
General Motors, whose workers represented by the United Auto Workers union that initiated a strike on September 16, is working to alleviate parts supply concerns impacting the the auto service and collision repair industry. In response to our questions about the impact of the strike on collision repair parts supplies, a GM spokesperson explained that […]
Susanna Gotsch and Vince Romans to Kick Off November 4 MSO Symposium Agenda
Multi-Shop Operator executives and a diverse group of industry experts who serve on the MSO Symposium advisory board, unanimously voted for the return of two highly-acclaimed presenters, Susanna Gotsch of CCC Information Services, and Vincent Romans of The Romans Group. More information and registration is available online. In addition to MSOs, attendance is open insurers, […]
Axalta Hosts Refinish Training in Argentina
Axalta Coating Systems (NYSE:AXTA) continues to strengthen its commitment to customers in Argentina by offering specialized training developed to help them to improve the performance and increase productivity of their body shops. The training was focused on the use of Standox, one of the global refinish coating brands from Axalta for collision repair and the […]
CAPA Launches Verification Program for Headlamp Repair Tabs
Creative Repair Solutions first manufacturer to participate in program. The Certified Automotive Parts Association (CAPA) announced the launch of its new verification program for headlamp repair tabs. CAPA Verification demonstrates that a product or service has been independently verified to meet specified requirements for that product or service. In piloting this program, CAPA has partnered […]
USAA Using Google Cloud to Analyze Damage Photos and Identify Parts for Collision Repair Estimates
USAA announced that to make the claims experience faster and more efficient, it has worked with the Google Cloud to develop machine learning models that will allow for nearly instant vehicle damage estimates from digital images. According to USAA, images of damaged vehicles are sent to Google Cloud. The images are then analyzed by Google […]
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