Prices were down on a month-over-month and year-over-year basis increasing pressure on total losses. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 2.1% in November from October. The Manheim Used Vehicle Value Index (MUVVI) dropped to 205.0, down 5.8% from a year ago. Generally, declining prices allow for less collision repair […]
Fix Network Canada Opens Training Facility in Calgary
Fix Network Canada announced the inauguration of its third training center, a new 9,000 sq. ft. facility in Calgary, Alberta. Recognizing industry’s need for continuous learning and development, Fix Network Canada launched its first Training Centre in Milton, Ontario, in 2019 and added another 6,000 square foot Training Centre in Blainville, Quebec, in 2020. “The […]
PPG Brings MoonWalk Automated Paint Mixing System to Mexico
PPG (NYSE:PPG) announced the launch of its revolutionary PPG MoonWalk automated paint mixing system in Mexico. The system offers significant benefits for car refinishing, improving quality and efficiency, saving time and labor costs and reducing material waste. “Historically, the color mixing process in vehicle refinishing has been laborious and detailed, requiring precision and time,” said […]
Hunter Engineering Announces Integration with UpdatePromise
Hunter Engineering announced a new integration partnership with leading automotive software provider UpdatePromise. The integration will allow service advisors quick access to Hunter’s Quick Check Drive and Quick Tread Edge autonomous inspection results, allowing them to identify alignment and tread depth concerns and bring them to the attention of vehicle owners. With electrification expected to […]
Insurers Supporting Legislation to Combat Predatory Towing Practices in Florida
The National Insurance Crime Bureau, the not-for-profit organization dedicated to combatting and preventing insurance crime, is helping lead the way to combat predatory towing practices in the Florida and recently took part in a transportation committee hearing in the Florida House of Representatives focused on this issue. “Once a vehicle is towed, the financial burden […]
WILsquare Capital Acquires Automotive Color & Supply
WILsquare Capital, a St. Louis-based private equity firm, announced it has completed the acquisition of Automotive Color & Supply (ACS), a leading regional distributor of automotive and industrial paint and supply products with 10 locations across Indiana and Illinois. Terms of the transaction were not disclosed. Founded in 1951, three generations of the Byers Family […]
Registration Open for May 5-8 Auto Care Connect Event
The Auto Care Association is pleased to announce that registration for the 2024 Auto Care Connect is now open. The automotive aftermarket’s largest educational event of the year will take place from May 5-8 at the Hyatt Regency Chicago in downtown Chicago, Ill. The 2024 Auto Care Connect event will offer an enhanced and more […]
IIHS and Road to Zero Coalition Call for In-Vehicle Alerts and Speed Limiters to Curb Aggressive Driving
The Insurance Institute for Highway Safety (IIHS) and other members of the Road to Zero Coalition are urging automakers, regulators and fleet operators to promote intelligent speed assistance (ISA) and speed limiters to help curb an epidemic of speeding that has contributed to a spike in traffic deaths since 2020. “Speeding causes more than a […]
NADA Reports New Light-Vehicle Sales Up in November Compared to Last Year
Sales rate, however, was down versus previous month. New light-vehicle sales in November 2023 totaled a seasonally adjusted annual rate (SAAR) of 15.3 million units, marking the second month of sequential month-over-month SAAR declines, according to the National Automobile Dealers Association (NADA). Yet despite the cooling SAARs of the past few months, November’s figure was […]
Wesco Acquires MotorCar Colors
The Wesco Group, the paint, body and equipment (PBE) distributor in the U.S. and Canada, announced that Motorcar Colors is now part of the Wesco Team. Motorcar Colors has been servicing the greater New Jersey and Delaware markets for over 30 years. The owners, George and Michelle Schulmann, have been committed to the industry and […]
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