The Enterprise Mobility ROAD Forward initiative is awarding grants for the fourth consecutive year to more than 600 local nonprofit organizations—as part of a five-year, $55 million commitment announced in 2020. This year’s round of grants, totaling more than $7 million, will be distributed across Enterprise Mobility’s 70-plus operating groups in the United States, Canada […]
Department of Justice Sues National General for Falsely Placing Insurance on More Than 650,000 Financed Vehicles
Alleges insurance was placed on vehicles financed by Wells Fargo even though borrowers already had insurance from other carriers. The United States has filed a civil complaint under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) against National General Holdings Corp. and its subsidiaries alleging that, for over a decade, National General erroneously force-placed […]
ADAS Calibration Facility Owners Open Third Location in Florida
Car ADAS Solutions announced the opening of the third ADAS Calibrations of Florida location, a new state-of-the-art calibration center in Kissimmee, Fla. This center, the latest in a series of expansions, is operated by collision industry veterans Mark and Bea Bruno. “My wife and I have been in the collision business our entire lives,” Mark […]
Consumer Sentiment Down for Fourth Month in Row in July
While down, sentiment is 33% above the historic low in June 2022. Consumer sentiment was down slightly for the fourth month in row in July according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 66.4 in the July 2024 survey, down 2.6% from 68.2 in June and 7.1% below […]
Launch Tech USA and CarTechIQ Announce Strategic Partnership for Automotive AI Diagnostic Solutions
Launch Tech USA, a wholly-owned subsidiary of Launch Tech Ltd., and CarTechIQ, Inc., announced a Strategic Partnership to deliver AI-driven automotive diagnostic solutions across North America. This collaboration will integrate CarTechIQ’s patent-pending diagnostic assistant, PredictaFix, into Launch Tech’s premier diagnostic tools, revolutionizing the automotive repair industry. Under this agreement, CarTechIQ will incorporate PredictaFix into Launch […]
LKQ Corporation Announces Second Quarter Revenue of $3.7 Billion
Result is a nearly 8% increase compared to the second quarter last year on impact of acquisitions and divestitures. LKQ Corporation (NASDAQ: LKQ) today reported revenue for the second quarter of 2024 was $3.7 billion, an increase of 7.6% compared to $3.4 billion for the second quarter of 2023. For the second quarter of 2024, […]
Tractable Partners with Saputo Capital Collision
Saputo Capital Collision, a three-location MSO in the province of Ontario, Canada, is partnering with Tractable to use its artificial intelligence (AI) solutions for collision repair. Tractable will be used by Saputo at its insurance carrier-branded collision center at the start of the vehicle intake process for repairable vehicles. Joe Saputo of Saputo Capital Collision […]
UK’s Steer Automotive Group Launches First EV Specific Collision Repair Center
The Steer Automotive Group announced the launch of Steer Electric, the group’s first purpose-built electric vehicle repair location. This new facility at Eastleigh, Hampshire, England is strategically located just off the M27, near the Southampton import docks, providing excellent accessibility and convenience. Steer Electric Eastleigh spans over 14,000 square feet and is designed to accommodate […]
Collision Industry Foundation Board Seat Applications Now Being Accepted
The Collision Industry Foundation (CIF) announced today that the application period for individuals from the Collision Repair Industry to serve on the CIF Board is now open. A board candidate application is available to download from the CIF website. CIF Trustees are volunteers, donating their time and expertise to lead the CIF and to further its […]
July New Vehicles Sales Projected Up on Bounce Following June CDK Global Outage
S&P Global Mobility projects the pace of sales in July is expected to realize a notable boost on delayed sales from June cyberattack on dealer management system provider. S&P Global Mobility projects new light vehicle sales volume in July 2024 to reach 1.32 million units, up approximately 1% year over year. This volume would translate […]
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