The BMW Group is exploring the use of humanoid robots in production for the first time. During a trial run lasting several weeks at BMW Group Plant Spartanburg, in Spartanburg, S.C., the latest humanoid robot, Figure 02 from California company Figure, successfully inserted sheet metal parts into specific fixtures, which were then assembled as part […]
GEICO Reports Premiums Written Up 10.7% in Second Quarter
Collision claim frequency was down in range of 6-7% in the quarter, but severity was up. Berkshire Hathaway reported its earnings for the second quarter of 2024 on August 3, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings in the first six months […]
Collision Repair Student Receives ASE Chairman’s Scholarship
Anthony Williams, a collision repair student at Wyotech in Laramie, Wyo. has been awarded the ASE Chairman’s scholarship for the 2024-25 school year. “We want to congratulate Anthony on being selected as this year’s ASE Chairman’s scholarship honoree,” said Tom Trisdale, chairman of the ASE board of directors. “We had many exceptional candidates apply, but […]
Mercury Insurance Names the Most Affordable New EVs to Insure
Due to the growing demand for electric vehicles, particularly in California, Mercury Insurance (NYSE: MCY) has compiled a list of the most affordable new EVs to insure, which will arm consumers with valuable knowledge when they go to shop for an EV. Factors contributing to insurance costs include claims on similar vehicles, cost to repair […]
U.S. Length of Rental Down Year-Over-Year in Second Quarter
According to the latest data from Enterprise, overall length of rental (LOR) for collision-related rentals in Q2 2024 was 16.0 days, a 1.4-day decline from Q2 2023. Traditionally, LOR continues a decrease from Q1 into Q2, with June seeing an increase. As we observed in Q1 2024, that trend continues, though the traditional June rise […]
New Vehicle Retail Sales Were Lower Than Expected in July
According to NADA, the hoped for increase in new vehicle sales in July following missed sales from June’s cyberattack on dealer management systems did not boost sales above last year’s rate. According to the National Automobile Dealers Association (NADA) new light vehicle sales in July were down year-over-year. According to the NADA Market Beat report, […]
Hurricane Debby Expected to Bring Major Flash Floods Across U.S. Southeast
Hurricane Debbie made landfall this morning near Steinhatchee, Fla. and the National Oceanic and Atmospheric Association (NOAA) is warning that historic rainfall, tornadoes and life-threatening storm surge are likely across the the southeastern U.S. According to NOAA’s National Weather Service, Debby will slowly track across the Southeast the next several days. Tornadoes, catastrophic flash and […]
Painters Supply and Equipment Co. Launches PSE Group Parent Brand
Painters Supply & Equipment Co. (PSE), the Michigan-based automotive and specialty coatings distributor with a growing portfolio of 12 brands, today announced its new parent brand identity as PSE Group. This new parent brand is positioned to centralize the company and reinforce the entire organization’s commitment to being the best coatings distributor and solutions provider […]
WIN August 20 Live Webinar Features Most Influential Women Award Recipients
The Women’s Industry Network (WIN) will host a live webinar August 20 at 1 p.m. (EDT) featuring four of its most recent recipients of the prestigious 2024 Most Influential Women (MIW) awards. Attendees will hear and learn directly from the women whose career achievements have enhanced the collision repair industry. Registration for the WIN webinar […]
AASP/NJ Offers Auto Body License Renewal Checklist to Members
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that members can prepare for their 2024 New Jersey Auto Body License Renewal with a checklist developed by the association. Available to members only, the checklist can help guide them through successful completion of their renewal. The deadline for every shop to submit their […]
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