The Alliance of Automotive Service Providers of Minnesota (AASP-MN) will be awarding scholarships to select students enrolled in post-secondary mechanical or collision repair programs. Scholarship awards will be $1,000 per student and can be applied towards tuition or tool purchases. Recipients must be entering their first or second year of a two-year NATEF-certified automotive program […]
Nationwide Announces Venture Capital Investment to Build Safe Driving Network
Nationwide is making a strategic venture capital investment in Nexar, an Israeli-based startup focused on building the world’s largest safe driving network. Nationwide’s stake in Nexar is part of a new $30 million Series B round of funding recently announced by the Tel Aviv-based company. “Our venture capital approach is key to Nationwide’s innovation strategy,” […]
New Vehicle Retail Sales Pace to Decline in January
J.D. Power and LMC Automotive Project Full Year Retail Sales to Fall 1.5% For the second consecutive year, the new vehicle retail sales pace in January is expected to fall from year-ago levels, according to a forecast developed jointly by J.D. Power and LMC Automotive. The seasonally adjusted annualized rate (SAAR) for retail sales is […]
NJM Announces Mitch Livingston to Succeed Retiring CEO
NJM Insurance Group announced that President & Chief Executive Officer, Bernie Flynn, will retire on April 27, , after a career at the Company that spanned 25 years, including the past 10 as its leader. Mitch Livingston, NJM’s Chief Operating Officer & General Counsel, has been selected by the Company’s Board of Directors to succeed […]
Australian Motor Body Repairers Association Launches Hourly Cost Calculator
Tool will help collision repair centers determine the real costs of body repair businesses The Motor Trades Association of Australia (MTAA) Limited and its affiliated organization, the Australian Motor Body Repairers Association (AMBRA), launched a new cost calculator tool that will assist motor body repair businesses transparently identify their costs and a charge out hourly […]
Fix Auto UK Adds Collision Repair Center to Network
Fix Auto UK announced that Northwood Coachworks has joined the network as Fix Auto Northwood. Owned by Manoj Shah, Fix Auto Northwood is the 12th Fix Auto repair centre inside the M25. The 10,000 sq. ft. collision repair center houses two spray booths and eight operatives with a capacity to repair up to 130 vehicles […]
U.S. Property/Casualty Insurance Industry Reports $22.4 Billion Net Income
Net income dropped 30.3 Percent in first nine months of 2017 following hurricanes and other catastrophe losses. The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in the first nine-months of 2017 from $32.1 billion in the first nine-months of 2016-a 30.3 percent decline-and its overall profitability as […]
AASP/NJ and WMABA Release Northeast Trade Show Class Schedule
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) and the Washington Metropolitan Auto Body Association (WMABA) announced the full list of classes for the debut of Collision P.R.E.P. – Professional Repairer Education Program that featured 17 classes. Collision P.R.E.P. is headlined by Todd Tracy, the attorney in the recent John Eagle Collision case, […]
ICBC Blames CA$935 million in First Nine Months on Surge in Crashes
The Insurance Corporation of British Columbia (ICBC) yesterday reported a net loss of CA$935 million ($757.6 million) for the first nine months of our current fiscal year covering April 1 to December 31, 2017. According to ICBC, “This is obviously a sizeable and significant loss, and is further evidence of the growing financial pressures we […]
NHTSA Launches Drugged Driving Initiative and Announces March 15 Summit
The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced it is launching a new initiative to combat drugged driving, a growing problem on U.S. roads. Driving under the influence of drugs (DUID) is against the law in all 50 states. With a national opioid epidemic and states legalizing marijuana, NHTSA is making […]
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