Small rebound in confidence after end to government shutdown. Index below last year. The February bounce back in consumer sentiment following the end of the Federal shutdown was relatively small, according to the latest University of Michigan Surveys of Consumers. Aside from January’s depressed level due to the shutdown, sentiment was only lower in one […]
Wesco/Color Compass Acquires WD Co-Auto’s PBE Division
Wesco/Color Compass, the paint, body and equipment distributor in the western U.S. and Canada, announced the acquisition of Edmonton, Alberta-based WD Co-Auto’s PBE Division. WD Co-Auto’s PBE Division serves independent and member-dealer collision centers across British Columbia, Alberta, Saskatchewan and Manitoba. WD Co-Auto has selected Color Compass as their preferred and exclusive supplier of body […]
Massachusetts Auto Lender Alleges CCC Understates Total Loss Values
Boston news radio station reports allegations of systemic low valuations on total losses. Repair association hopes Division of Insurance examines shop and insurer estimating platforms. According to a report by Boston radio station WBUR, the Massachusetts Division of Insurance is investigating allegations by Source One Financial Corp., a Norwell, Mass. auto lender that CCC Information […]
DCR Systems and Symach Creating Collision Repair Shop of the Future in Ohio
Symach and DCR Systems have announced that the companies will be performing an overhaul at Classic Accident Repair Center, a 40,000-square-foot collision repair facility in Mentor, Ohio to increase the facility’s capacity. As part of the conversion process, Symach technology and equipment will be installed while utilizing DCR Systems’ patented production process. Osvaldo Bergaglio, Symach’s […]
Pre-Registration Deadline March 11 for Northeast Trade Show Education Program
The NORTHEAST Automotive Services Show is next week and organizers are reminding attendees to pre-register for the Collision Professional Repairer Education Program (P.R.E.P.) series. The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) and the Washington Metropolitan Auto Body Association (WMABA) have partnered once again to offer this educational series which will be held […]
Boyd Group Acquires 18 Collision Repair Centers in New York State
Marks entry into 27th state. The Boyd Group Inc. announced the acquisition of an 18 collision repair center-MSO located in New York State. The acquisition marks Boyd’s entry into its 27th state. The Carubba Collision repair centers are located throughout upstate New York, including the market areas around the cities of Albany, Buffalo and Syracuse. […]
Fix Auto USA Adds Five Collision Repair Centers to Network in California and Arizona
Fix Auto USA announced the addition of five new franchise locations, bringing Fix Auto USA’s total number of locations to 148. The additional locations expand Fix Auto USA’s geographic footprint in multiple markets including: Northern California, the greater Phoenix area, and Southern California. The locations include: Fix Auto Berkeley (Berkeley, CA) -Formerly Platinum Collision Center; […]
Copart Expands in Newburgh, New York
Copart, Inc. (NASDAQ:CPRT) expanded its Newburgh, New York location at 25 Riverview Drive in Marlboro, adding 25 acres of storage space to Copart’s existing 68 acres to meet customer capacity needs. “We are committed to increasing our storage capacity throughout the country to meet the growing demand of our services,” said Copart CEO, Jay Adair. […]
BMW and Daimler Announce Development Partnership on Automated Driving Technology
The BMW Group and Daimler AG are to join forces on automated driving. Initially, the focus will be on advancing the development of next-generation technologies for driver assistance systems, automated driving on highways and parking features (up to SAE Level 4). The two companies have signed a Memorandum of Understanding to jointly develop this technology, […]
State Farm Reports 2018 Underwriting Gain, 8.77% Decline in Auto Claims Cost and Loss Adjustment Expense
In 2018, State Farm experienced a property-casualty underwriting gain, as well as increases in total revenue, net income and net worth. As the number one Auto and Homeowners insurer in the U.S., State Farm remains committed to serving its policyholders. The State Farm property-casualty (P-C) group of companies reported a combined underwriting gain of $1.7 […]
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