Forecast sees demand for expensive vehicles rising as average selling price to hit record. New vehicle retail sales in April are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,041,600 units, a 5.3 percent decrease compared with April […]
CARSTAR Added 25 Collision Repair Centers in First Quarter
CARSTAR announced that in the first quarter of 2019, it had more than 25 collision repair locations complete immersion and branding across its North American network. CARSTAR saw growth in San Francisco, Southern California, North Carolina, Louisiana, Nevada and New York in the U.S. as well as British Columbia and Alberta in Canada. It expects […]
AASP-MN Announces Board of Directors
April marked the beginning of service for the 2019–2020 Alliance of Automotive Service Providers of Minnesota (AASP-MN) Board of Directors. The Alliance welcomed new board members Tony Newman, Dale Feste Automotive, Hopkins; Jesse Jacobson, Heppner’s Auto Body, Woodbury; and Loren Feldkamp, Lube-Tech & Partners, St. Paul. They join other members of the Board, which include: […]
Dallas Cowboys and Caliber Collision Celebrate Military Service Members and Veterans at Military Combine
Three-vehicle donation by USAA and Caliber Collision among event highlights. Nearly 4,000 fans flooded the field at AT&T Stadium in Arlington, Texas to cheer and celebrate U.S. Military Service Members competing in the 3rd Annual Dallas Cowboys Military Combine presented by Caliber Collision. The goal of the Military Combine is to honor military heroes, showcase […]
Optima Automotive Announces Staff Promotions
Mark Claypool, President of Optima Automotive, the web presence management company, announced two key internal promotions within the company. Tyler Claypool has been promoted to the Vice President of Operations position, moving up from his former Director of Client Relations position. “Tyler has developed all the skill sets we truly need in this position,” said […]
LKQ Reports First Quarter Sales of $3.1 Billion
Overall parts and service growth 15.2 percent, organic revenue growth just 0.1 percent. LKQ Corporation (Nasdaq:LKQ) today reported revenue for the first quarter of 2019 of $3.1 billion, an increase of 14 percent as compared to $2.7 billion in the first quarter of 2018. For the first quarter, parts and services organic revenue growth was […]
ASA Urges Industry to Support New Hampshire OEM Collision Repair Procedure Bill
The New Hampshire Senate Committee on Commerce received comments on House Bill 664 at a public hearing Tuesday. This legislation addresses original equipment manufacturer (OEM) repair procedures for collision repairs. ASA supports this legislation and is calling for all collision repairers to send a letter to show their support. In a letter to the Committee, […]
Tesla Plans to Launch Insurance Product Next Month
In response to a question during its quarterly earnings conference call, Tesla founder Elon Musk explained that the electric vehicle manufacturer was planning to launch an insurance product for Tesla owners. Last year, Tesla began opening its own collision repair centers. When asked if Tesla was considering creating an insurance program to simplify the ownership […]
J.D. Power Reports Direct Sales and Independent Agents Best Positioned to Support Auto Insurers’ Battle for Market Share
With just 2-3 percent of new customers entering the personal lines auto insurance market each year, insurers have only one option when it comes to growing their business: taking market share from competitors. According to the J.D. Power 2019 U.S. Insurance Shopping Study, success in driving new customer acquisition comes down to having a strong […]
Enterprise Announces New Vehicle-Subscription Service Program
Enterprise Holdings yesterday announced it will launch the U.S. car rental industry’s first vehicle-subscription service in the next month. The new program, will initially be available in three states and will include physical damage and liability coverage. “The name of the game in ground transportation today is more access, more flexibility and more convenience – […]
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