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MEMA Policy Breakfast to Address Auto Parts Tariff Threats on April 9

April 1, 2019 By CollisionWeek Editor

The Motor & Equipment Manufacturers Association (MEMA) will hold a policy panel discussion titled Tariffs on Autos and Auto Parts: Auto Parts Are Not a Threat to National Security on April 9, at the National Press Club in Washington, D.C. Now that the Department of Commerce has completed a Section 232 national security investigation of […]

Filed Under: News Tagged With: Motor & Equipment Manufacturers Association, Tariffs

Enterprise Rent-A-Car UK to Buy Commercial Vehicle Rental Company SHB Hire

April 1, 2019 By CollisionWeek Editor

Enterprise Rent-A-Car UK announced that it has signed an agreement to acquire Romsey-based SHB Hire, an award-winning family-owned vehicle hire and management business. The acquisition will provide Enterprise with the opportunity to create one of the largest commercial vehicle rental companies in the country. With more than 100,000 vehicles, Enterprise is already the UK’s largest […]

Filed Under: News Tagged With: Acquisitions, Enterprise Rent-A-Car, United Kingdom

Study Shows Insurers Adopting Predictive Analytics and AI to Combat Insurance Fraud

April 1, 2019 By CollisionWeek Editor

Anti-Fraud Insurtech Investment

Traditional anti-fraud technology tools are giving way to advanced analytics as insurance fraud rises, insurers say in a study of insurtech trends. The biennial study was conducted by the Coalition Against Insurance Fraud, assisted by the analytics firm SAS across 84 insurer participants. Fraud has risen over the last three years, about two-thirds of insurers […]

Filed Under: News Tagged With: Artificial Intelligence, Insurance Fraud, Predictive Analytics

Marc Gabbard Receives AASP/NJ James Moy Memorial Award

April 1, 2019 By CollisionWeek Editor

The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) presented the Third Annual James Moy Memorial Award to Marc Gabbard, owner of a Yakima, Wash. collision repair shop and the creator of the Collision Repair Technicians United Facebook group, during a special ceremony on the first night of the NORTHEAST 2019 Automotive Services Show. […]

Filed Under: News Tagged With: AASP/NJ, Awards, People

Consumer Sentiment Rebounded in March

March 29, 2019 By CollisionWeek Editor

March 2019 Consumer Sentiment Index

The University of Michigan survey does not indicate emerging recession, but points toward slightly lower new vehicle sales. Consumer confidence rebounded in March to 98.4 from last month’s 93.8, slightly above the average of 97.2 recorded in the past 26 months. The March gain was 4.9 percent compared to February, but remains 3 percent below […]

Filed Under: News Tagged With: Consumer Sentiment Index, New Vehicle Sales

Fix Auto UK Acquires Collision Repair Center in Daventry

March 29, 2019 By CollisionWeek Editor

Fix Auto UK announced that it has acquired its first wholly owned independent collision repair center with the purchase of  Daventry Panel Craft Ltd, a 10,000 sq. ft. facility that will become Fix Auto Daventry. The decision follows Fix Auto UK’s announcement last summer that revealed it had taken a majority share in existing franchisee […]

Filed Under: News Tagged With: Acquisitions, Fix Auto UK, United Kingdom

AM Best Report Personal Auto Insurers Combined Ratio Improves

March 29, 2019 By CollisionWeek Editor

Severity continues to increase, but frequency growth has leveled. The U.S. private passenger auto segment has experienced a turnaround after weakened performance in 2015-2016, as rate actions and underwriting initiatives resulted in a 3.8-point year-over-year improvement in the sector’s combined ratio in 2017, as well as a 4.7-point loss ratio reduction through third-quarter 2018, according […]

Filed Under: News Tagged With: Auto Insurance, Claim Frequency, Claim Severity

Copart Expands its Chicago South Location

March 29, 2019 By CollisionWeek Editor

Copart, Inc. (NASDAQ:CPRT) announced it added 44 acres to its Chicago South facility located at 89 E. Sauk Trail, in Chicago Heights, Ill. With this expansion, the facility is now 80-acres allowing Copart to accommodate the growth it is experiencing in this market. “This expansion is a great win for our business and helps grow […]

Filed Under: News Tagged With: Copart, Illinois, Openings

CARS Cooperative Partners with asTech

March 28, 2019 By CollisionWeek Editor

The CARS Cooperative announced it has partnered with Repairify, Inc., the makers of the asTech diagnostic device, offering vehicle diagnostic and calibration services to its more than 700 locations in the United States. Through this preferred partnership, CARS Cooperative members will be able to offer customers and insurance partners’ vehicle electronics diagnostic and calibration services […]

Filed Under: News Tagged With: Agreements Signed, CARS Cooperative, Repairify

Boyd Group Acquires Collision Repair Center in Guelph, Ontario

March 28, 2019 By CollisionWeek Editor

The Boyd Group Inc. announced that on March 15, it acquired a a collision repair center in Guelph, Ontario, Canada. Guelph is the fourth-largest City in Southwestern Ontario. The new Assured Automotive brand location previously operated as Majestic Collision. “We are very excited to add this location, which has served the Guelph market well for […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, Canada, Ontario

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