LKQ Corporation (NASDAQ:LKQ) announced that it has acquired Elite Electronics, the Richardson, Texas based automotive diagnostic and repair services firm. This acquisition launches LKQ into the vehicle services market, converging LKQ’s parts and distribution business with Elite’s services to further facilitate customers’ needs. Elite Electronics provides mobile and on-site diagnostics for automotive collision and mechanical […]
Interview, CCC Information Services on ADAS
Information provider details increased claim cost due to Advanced Driver Assistance Systems and how they are influencing estimating process and repair information access. As the share of newer vehicles with Advanced Driver Assistance Systems (ADAS) installed has grown each year, collision repair facility operators have had to invest in the latest technology to repair these […]
Europe Moves To Mandate Advanced Driver Assistance System to Reduce Accidents
The European Parliament is backing new measures to improve road safety and reduce road accidents. The rules would make a number of safety features compulsory in new cars. EU roads are the safest in the world with an average of 49 road fatalities per million inhabitants, against 174 deaths per million globally. Although road fatalities […]
10 Manufacturers Report More than 50% of 2018 Vehicles Had Automatic Emergency Braking Systems
Ten automakers report equipping more than half of the vehicles they produced between Sept. 1, 2017, and Aug. 31, 2018, with automatic emergency braking (AEB), the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) announced today. This is the second update of manufacturer progress toward equipping every new passenger […]
Hawaii Collision Repair Parts Bill Passes Senate
Legislation would amend insurance regulations to specify when consumers must pay additional costs for OEM collision repair parts. Repairers would have to detail markups on crash parts. Hawaii Senate Bill 823 (SB 823), that seeks to change insurance regulations covering non-OEM collision repair parts, was approvedyesterday by the full Hawaii Senate. The bill would revise […]
IIHS Reports Autobraking Systems Reduce Accidents But Could Be Improved
In the latest edition of the Insurance Institute for Highway Safety (IIHS) Status Report, the organization reports on the results of a new study into the performance of auto braking systems designed to reduce collisions. According to the report, when it comes to preventing typical front-to-rear crashes, automatic emergency braking is a proven winner. But, […]
Allstate Reports Auto Policies in Force Up in Fourth Quarter
Allstate brand auto net written premiums up 5.7 percent in 2018. Sees increase in total losses on newer vehicles due to increased part cost, technology and repair complexity. The Allstate Corporation (NYSE: ALL) reported financial results for the fourth quarter and full year of 2018. “Allstate continues to deliver strong operating results while building the […]
CIECA Forms Calibration Committee
All industry stakeholders invited to first meeting January 29. The Collision Industry Electronic Commerce Association (CIECA) announced the formation of a new Standards Development Committee (SDC) focused on calibration. All industry stakeholders, including OEMs and non-CIECA members, are invited to attend committee meetings that will be held on Tuesdays at 1 pm EST/Noon CST starting […]
ASA and Auto Alliance Partner to Promote OEM Collision Repair Procedure Legislation
Associations believe new laws necessary to protect consumers and assure collision repair facilities are fairly compensated. Seeks to keep effort separate from aftermarket parts legislation. In a press briefing yesterday, the Automotive Service Association and Alliance of Automobile Manufacturers outlined their plans to promote laws that would require OEM procedures be used in collision repairs […]
Toyota Safety Sense Equipped Vehicles Top 10 Million Units Globally, 5 Million in North America
Manufacturer reports 70 percent reduction in rear-end collisions in Japan on vehicles equipped with systems. Toyota Motor Corporation announced the total global number of vehicles equipped with Toyota Safety Sense (TSS), the Toyota-developed preventive safety package, has reached the 10 million unit mark, approximately three and a half years after its March 2015 introduction. It […]
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