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June New Vehicle Sales Projected Down from Year Ago

June 28, 2019 By CollisionWeek Editor

June 2019 Light Vehicle Sales Projection

J.D. Power and LMC Automotive project first half of 2019 to deliver lowest retail new vehicle sales since 2013. Transaction prices, dealer profitability rise to record levels. New-vehicle retail sales in June are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are […]

Filed Under: News Tagged With: J.D. Power, LMC Automotive, New Vehicle Sales

Average Light Vehicle Age Rises in U.S. to 11.8 Years

June 28, 2019 By CollisionWeek Editor

VIO Age US by Region

The average age of light vehicles in operation (VIO) in the U.S. has risen again this year to 11.8 years, according to new research from business information provider IHS Markit (NASDAQ: INFO). This acceleration of average age can easily be seen when looking across the last 17 years. From 2002-2007, the average age of light […]

Filed Under: News Tagged With: IHS Markit, Vehicle Age, Vehicles in Operation

EEOC Sues North Carolina Towing Company Alleging Sexual Harassment

June 28, 2019 By CollisionWeek Editor

Hunter Auto & Wrecker Service, Inc., in Charlotte, N.C. is alleged to have violated federal law when it subjected a female employee to a sexually hostile work environment, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed June 26. According to the EEOC’s suit, Sharon McInnis worked in a Hunter Auto & […]

Filed Under: News Tagged With: EEOC, Lawsuits, North Carolina

IAA Completes Separation from KAR Auction Services

June 28, 2019 By CollisionWeek Editor

IAA, Inc. (NYSE:IAA) today completed its separation from KAR Auction Services, Inc. (NYSE:KAR). IAA’s common stock will begin trading today on the New York Stock Exchange under the symbol IAA.  “We are excited for IAA to enter the public markets as a strong, independent company. As a standalone publicly traded company, IAA will continue to […]

Filed Under: News Tagged With: Insurance Auto Auctions, KAR Auction Services

MPE Partners Invests in Garmat USA

June 27, 2019 By CollisionWeek Editor

Garmat logo

Private equity firm MPE Partners announced today an investment in Garmat USA, LLC. Located in Englewood, Colo., Garmat USA designs and manufactures paint booths, finishing solutions, and related accessories for the collision repair and industrial end markets. Garmat, founded in 1988, serves collision repair shop customers through a nationwide network of distributor partners. Based in […]

Filed Under: News Tagged With: Acquisitions, Colorado, Garmat, MPE Partners, Private Equity

BMW Opens Two New Collision Repair Technician Training Facilities, Expands Two Others

June 27, 2019 By CollisionWeek Editor

BMW of North America announced the openings of two new auto service and collision repair technician training facilities in Spartanburg, S.C. and Atlanta, Ga., and the expansion of training capacity in Ontario, Calif. and at the company’s headquarters in Woodcliff Lake, N.J. The $56 million investment will support the development of new and existing technicians […]

Filed Under: News Tagged With: BMW, California, Georgia, New Jersey, Openings, South Carolina, Training Center, Workforce Development

Iowa Collision Repair Association Golf Tournament August 15

June 27, 2019 By CollisionWeek Editor

The Iowa Collision Repair Association (ICRA) will hold its golf outing on August 15 at Iowa’s Premier Golf Destination, Riverside Casino and Golf in Riverside, Iowa. The cost to participate is $150 per attendee and includes Golf, box lunch, cart, range balls, and tax. Registration and additional information is available online. The event is sponsors […]

Filed Under: News Tagged With: Golf Outing, Iowa, Iowa Collision Repair Association

Fix Network Team Gathers for Canada Meetings

June 27, 2019 By CollisionWeek Editor

Fix Network Team Gathers for Canada Meetings

Fix Network World President & CEO Steve Leal, welcomed staff from across Canada to the annual team meetings for all Fix Network corporate brands. The meetings were held in Ottawa, Ontario.  “In response to the rapid growth of our network in Canada, we now have more than 90 team members all focused on supporting our […]

Filed Under: News Tagged With: Canada, Fix Automotive Network World

CAPA Reaffirms Commitment to the Collision Repair Industry

June 26, 2019 By CollisionWeek Editor

In the wake of NSF announcement that it is discontinuing its collision repair crash parts and business certification programs, the Certified Automotive Parts Association announced it remains committed to the industry. The Certified Automotive Parts Association (CAPA) is reassuring the collision repair industry it will continue its mission to ensure that certified non-OEM collision repair […]

Filed Under: News Tagged With: Certification, Certified Automotive Parts Association, Non-OEM Parts, NSF International

National Safety Council Cautions on Road and Workplace Safety Concerns as Illinois Legalizes Recreational Marijuana

June 26, 2019 By CollisionWeek Editor

National Safety Council logo

With Gov. J.B. Pritzker’s signing of House Bill 1438, Illinois has become the 11th state to legalize marijuana for recreational use. In 2014, Illinois legalized marijuana for medical use. Thirty-four states and Washington, D.C., now have legalized medical or recreational marijuana, meaning a majority of Americans live in a state with some form of legal […]

Filed Under: News Tagged With: Claim Frequency, Illinois, Marijuana Legalization, National Safety Council

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