Premiums were up 10% in 2023 due to repair cost inflation, reinsurance costs. The Australian motor insurance industry is projected to grow at a compound annual growth rate (CAGR) of 9.9% from AUD24.1 billion ($16.7 billion) in 2024 to AUD35.1 billion ($23.9 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, […]
Opus IVS Partners with Australia’s National Windscreens on Diagnostic and Calibration Services
Opus IVS announced an exclusive partnership with Australia’s National Windscreens Pty. Ltd. and their Advanced Driver Assistance Systems (ADAS) diagnostics and calibration division. This strategic alliance will pave the way for the development diagnostic and calibration services and solutions to automotive collision and mechanical repair facilities, windshield and windscreen repair centers, and calibration facilities across […]
J.D. Power Acquires Autovista Group
Adds European and Australian automotive data and analytics provider of vehicle valuation and repair estimate data. J.D. Power today announced a definitive agreement to acquire Autovista Group, a pan-European and Australian automotive data, analytics and industry insights provider. The acquisition complements J.D. Power’s strengths in vehicle valuation and detailed vehicle specification data and analytics while […]
Australia’s AMA Group Announces Retirements of CEO, Board Chair and Audit Committee Chair
AMA Group Limited (ASX: AMA) announced that Carl Bizon will retire as Executive Director and Chief Executive Officer at the Group’s’ Annual General Meeting on November 23. Bizon was appointed to the position in 2021. The group also announced that after nearly five years on the Board, Anthony Day has retired as Chair and Non-Executive […]
Adam Caddeo Named Regional Manager for Australasia at Hunter Engineering
Hunter Engineering announced Adam Caddeo as its new regional manager for parts of Europe and Australasia. Caddeo started with Hunter on July 1, following the retirement of Paolo Molinari. Caddeo’s responsibilities will include Australia, Tasmania, New Zealand, Papua New Guinea, Spain, Portugal, Holland, Denmark and Iceland. Caddeo assumes his new position with considerable knowledge of […]
Repairify Partners with Capricorn on ADAS Joint Venture in Australia and New Zealand
Repairify Australia Holdings Pty Ltd and Capricorn Society Limited announced today they have entered into a joint venture agreement that will deliver remote automotive repair solutions to repairers across Australia and New Zealand. Repairify and Capricorn have equal ownership of the joint venture, which will be branded as Repairify and distributed across Australia and New […]
Australian Auto Aftermarket and Collision Repair Expo Changes 2024 Event Date to April 11-13
The Australian Automotive Aftermarket Association (AAAA) the decision to change the dates of the next year’s Australian Auto Aftermarket and Collision Repair Expo to Thursday, April 11 – Saturday, April 13, 2024 at the Melbourne Convention & Exhibition Centre. According to the association, Formula 1 recently released their dates for 2024, and the Melbourne race […]
Australia’s AMA Group and BASF Renew 10-Year Supply Partnership
AMA Group Limited (ASX:AMA) and BASF Australia Limited (BASF) confirmed a renewed 10-year partnership for the continued supply of BASF’s automotive paint technology across the entire AMA Group network. This new agreement extends the existing contract by two years and improves alignment of paint supply costs to the operating cash flows of the associated repairs. […]
Infomedia Ends Buyout Talks with Solera and TA Consortium
Infomedia Ltd (ASX:IFM) provided an update October 3 on the previously announced takeover proposals the company received from Solera Holdings LLC (Solera) and a consortium comprising TA Associates and Viburnum Funds (TA Consortium) to acquire 100% of Infomedia. According to the update, no binding proposal has been received from either party, they confirmed that it […]
Australia Right to Repair Law Takes Effect
Associations laud a new era for the automotive service and repair industry. Independent repair facilities across Australia are starting a new chapter July 1 thanks to a new law that promotes a fair and level playing field in the automotive service and repair industry, and ensures consumers have a choice of repairer. As of July […]
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