State Farm Mutual Automobile Insurance Company has filed for a 6.2% auto insurance rate reduction in California, the latest in a series of rate cuts the insurer has implemented across multiple states. The filing, submitted to the California Department of Insurance, would take effect Feb. 23, 2026, pending regulatory approval. The reduction applies to personal […]
Axalta Wins R&D 100 Award for Fast Cure, Low Energy Collision Repair Paint System
Axalta (NYSE: AXTA) has won a 2025 R&D 100 Award for its Spies Hecker Permasolid Speed-TEC Fast Cure Low Energy collision repair paint system, the coatings manufacturer announced today. The system won in the Mechanical/Materials category. Axalta’s Total Cabinet Coating Solution was also recognized as a finalist in the same category. The award-winning system consists […]
Mike Tumanov Named VP of Strategy & Innovation at VIVE Collision
VIVE Collision has promoted Mike Tumanov to vice president of strategy and innovation, the collision repair company announced today. Tumanov, who joined VIVE Collision in 2024 as director of strategic initiatives, has led the company’s virtual estimating and contact center operations. In his new role, he will continue overseeing strategic initiatives across the organization. “Mike […]
AASP/NJ Awards Russ Robson Scholarship to Collision Repair Student
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) awarded the Russ Robson Memorial Scholarship to a collision repair student during the organization’s annual meeting in October. Matheus Rompava, a senior at Thomas Edison Career and Technical Academy in Elizabeth, received the scholarship and plans to use the funds to attend trade school. “The […]
Florida Auto Insurers Cut Rates as State Officials Credit Legal Reforms
Top five insurance companies continue to reduce rates following recent 6.5% reduction across 78% of the auto insurance marketplace. Florida Insurance Commissioner Mike Yaworsky said the state’s auto insurance market continues to see rate reductions from major carriers, which he attributed to legal reforms enacted over the past two years. Yaworsky recently announced that the […]
BrightPoint Auto Body Repair Acquires Complete Auto Body
Focus Advisors announced that BrightPoint Auto Body Repair acquired Complete Auto Body & Repair in St. Louis.Mo. Focus Advisors advised Complete Auto Body & Repair on the sale. BrightPoint Auto Body Repair is a multi-shop operator with locations across the Midwest. The transaction follows Focus Advisors’ representation of the same ownership group in a separate […]
Sony Honda Mobility AFEELA Insurance Program to Offer Seamless Customer Experience Through Partner Network
Crash Champions is AFEELA partner for collision repair and maintenance services. Sony Honda Mobility of America Inc. (SHMA) announced its AFEELA Insurance provided by MOTER Technologies, Inc., a licensed insurance agency, will offer a seamless incident-to-claim experience for future AFEELA customers supported by its partner network. AFEELA Insurance partners/services include: Urgently: roadside assistance for vehicle […]
Copart Reports Modest Revenue Growth as Profit Margins Expand in Q1
Copart Inc. (NASDAQ: CPRT) reported first-quarter fiscal 2026 revenue of $1.16 billion, a 0.7 percent increase over the same period last year, as the vehicle auction and salvage marketplace operator saw stronger profit growth amid relatively flat sales. The Dallas-based company’s gross profit rose 4.9 percent to $537.0 million for the three months ended Oct. […]
New-Vehicle Sales Projected to Drop 4.8% in November Compared to Last Year
The EV tax credit expiration effects continue to suppress sales. New-vehicle retail sales are projected to decline 4.8% in November compared to a year ago, reaching 1,058,500 units, as the industry continues to feel the effects of electric vehicle purchase acceleration before federal tax credits expired Sept. 30, according to a forecast from J.D. Power […]
General Motors Insurance Expands to Wisconsin, Michigan
General Motors Insurance announced on its website that its auto insurance is now available in Wisconsin and Michigan, bringing the total number of states where the auto insurance product is offered to 20. The expansion continues the vehicle manufacturer’s steady geographic growth of its insurance operation. In August, General Motors Insurance added Florida to its […]
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