Fix Network’s automotive aftermarket services franchise brands, NOVUS Glass and ProColor Collision, recently concluded their U.S. Brand Meetings. Held in Denver, Colorado, the meetings were October 9 – 11 for NOVUS Glass and October 10 – 12 for ProColor Collision, with a combined reception and President’s Circle Awards Dinner on the evening of October 10. […]
Enterprise Mobility Reports $38 Billion Revenue in Fiscal 2024
Enterprise Mobility reported that its continued focus on developing its mobility portfolio, along with strong global growth, helped drive record revenue of more than $38 billion the company and its subsidiaries and affiliate Enterprise Fleet Management, in fiscal year 2024 (FY24). “We’ve set an ambitious vision to be recognized as the world’s best and most […]
NADA Board Elects Florida Dealer Tom Castriota as 2025 Chairman, Pennsylvania Dealer Rob Cochran as Vice Chair
The National Automobile Dealers Association (NADA) elected Tom Castriota as its 2025 chairman. Castriota, owner of Castriota Chevrolet, Inc. in Hudson, Fla., will succeed Gary Gilchrist, president of Gilchrist Chevrolet Buick GMC, Inc. in Tacoma, Wash. “I am humbled and grateful to become the next NADA Chairman,” said Castriota, who currently serves as NADA vice […]
AAA Research Shows 100% of 2024 Model Vehicles with AEB Avoided Forwards Collisions Up to 35 MPH
Marks major improvement in technology compared to 2017-2018 model testing. No vehicle tested avoided 55 MPH forward collision. AAA’s latest research found that new (2024) model vehicles with automatic emergency braking (AEB) avoided 100% of forward collisions when tested at speeds up to 35 mph, in comparison to old (2017 – 2018) model vehicles, which […]
U.S. October New-Vehicle Sales Projected to Increase
Consumer spending on vehicles up 11.8% year over year. Total new-vehicle sales for October 2024, including retail and non-retail transactions, are projected to reach 1,327,600, a 2.1% increase from October 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData. October 2024 has 27 selling days, 2 more […]
LKQ Corporation Reports Revenue of $3.6 Billion in Third Quarter
Overall revenue up 0.5% compared to last year. Parts and services organic revenue up in Europe, down in North America. LKQ Corporation (NASDAQ: LKQ) today reported revenue for the third quarter of 2024 was $3.6 billion, an increase of 0.5% compared to $3.6 billion for the third quarter of 2023. Parts and services organic revenue […]
U.S. Length of Rental Continued to Decline in Third Quarter
Overall length of rental (LOR) in the U.S. for collision-related rentals in Q3 2024 was 16.3 days, a 1.2-day decline from Q3 2023 according to a report from Enterprise Rent-a-Car. During 2022 and 2023, many factors affected the collision repair industry, including supply chain issues, parts delays, and shifting workforces and driving patterns. However, we […]
Matt Pettoni Named CFO at CollisionRight
CollisionRight LLC announced the hire of Matt Pettoni as the company’s Chief Financial Officer. Pettoni brings over 20 years of finance experience and over 15 years of experience in the automotive industry. His addition to the CollisionRight executive team re-enforces the company’s commitment to its accelerated growth in the coming years. Matt Pettoni joins CollisionRight […]
ALLDATA Repair Planner Available on CCC Secure Share Network
ALLDATA has announced that the ALLDATA Repair Planner, the latest addition to the company’s integrated collision repair platform, is now available on the CCC Secure Share network. This means that ALLDATA Repair Planner customers can have their estimates imported automatically and securely from CCC Secure Share to ALLDATA Repair Planner. CCC Secure Share makes it […]
Hurricane Helene and Milton Damages Will Significantly Impact Profitability of U.S. Insurers
Auto insurance premiums likely to increase in affected markets. According to GlobalData, the data and analytics company, recent hurricanes Helene and Milton that have struck the U.S. resulted in widespread devastation, claiming hundreds of lives and causing huge property damages that will impact profitability at property casualty insurers. Hurricane Helene, which struck Florida’s Big Bend […]
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