The Collision Industry Electronic Commerce Association (CIECA) announced that early-bird registration will be extended to Friday, August 2 for for its 15th annual conference. CONNEX 2024: The Intersection of Data & Mobility, will be held at the MGM Grand Detroit hotel in Detroit, Mich. on September 24-25. More information and registration for the event are […]
CCC Reports $232.6 Million Revenue in Second Quarter
Revenue for the quarter was up 10% year-over-year. Added over 600 collision repair facilities to its platform year-to-date. CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), today announced total revenue was $232.6 million for the second quarter of 2024 ended June 30, an increase of 10% from $211.7 million for the second quarter of 2023. “CCC […]
Fix Auto Canada Adds Collision Repair Center to Network in Quebec
Multi-shop owner Karim Zaidane has taken another step in his professional journey by opening his latest collision repair shop, Fix Auto Dorval A.M. With this new addition, Karim now owns two Fix Auto-branded collision repair shops and two ProColor Collision shops, both part of the Fix Network family. Karim’s fascination with luxury cars began in […]
Driven Brands Closes $275 Million Securitization Issuance to Refinance Debt
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced that it has closed an offering by its subsidiaries for $275 million of Series 2024-1 Fixed Rate Senior Secured Notes, Class A-2 (A-2 Notes) maturing October 2054 and with an anticipated repayment date in October 2031. The proceeds from the issuance will be used to refinance the Company’s […]
Law in California to Expand Inspection of Vehicle Safety Components Takes Effect on Rebuilt Salvage Vehicles
New law also allows BAR to collect additional information from repair facilities on training and certifications. California motorists are now further protected from unsafe vehicles with the implementation of AB 471 (Low, Chapter 372, Statutes of 2021), a measure that expands the inspection of vehicle safety components and systems. The new law took effect July […]
CCC Launches Intelligent Reinspection to Help Auto Insurers Review Collision Repair Estimates
AI-powered solution streamlines estimate reviews. CCC Intelligent Solutions Inc. (NASDAQ: CCCS) announced the launch of CCC Intelligent Reinspection, a new solution designed to help auto insurers streamline the review of incoming collision repair facility estimates, expediting repairer workflows and claims resolutions. Leveraging AI technology, CCC Intelligent Reinspection identifies areas for review, and provides reason codes […]
Crash Champions Acquires Collision Repair Center in Washington State
Crash Champions announced the company’s expansion in Washington State with the acquisition of Juanita Collision Center, located at 13511 100th Ave. N.E., in Kirkland, Wash. The deal was finalized on Friday, July 26, with operations transferring to Crash Champions effective immediately. Crash Champions now operates a network of 32 locations across Washington state, complementing its […]
Joe Hudson’s Collision Center Acquires Collision Repair Centers in Mississippi, Virginia and Texas
Joe Hudson’s Collision Center announced the acquisition of three new collision repair centers to its network. The latest acquisitions include: Goad’s Body Shop in Lexington, Va.; Terex Auto Body in Austin, Texas; and Burchfield’s Body Shop in Columbus, Miss. Brant Wilson, CEO of Joe Hudson’s Collision Center, stated, “We are excited to enter the vibrant […]
Marie Grant Appointed Maryland Insurance Administration Commissioner
Maryland Governor Wes Moore announced the appointment of Marie Grant as Maryland Insurance Administration Commissioner. Grant will succeed interim commissioner Joy Hatchette as acting commissioner on October 1, pending confirmation by the Senate Executive Nominations Committee during the 2025 legislative session. “Marie has been an outstanding leader during her time at the Department of Health […]
Vehicle Manufacturers Making Contingency ICE Production Plans as EV Sales Miss Projections
OEMs are increasingly optimistic about health of U.S. auto retail industry. Automotive OEMs are generally optimistic about the health of the automotive industry over the next 12 months, with the vast majority expecting new vehicle sales to increase or remain the same versus 2023, according to the just-released 2024 Kerrigan OEM Survey. The 2024 results […]
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