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Your source for the latest collision repair industry news, statistics and trend analysis.
Thu, 18 Apr 2024 16:33:04 +0000
Wholesale Used-Vehicle Prices Decreased in First Half of April
Prices down over 13% from April 2023. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased by 1.9% from March during the first 15 days of April. The mid-month Manheim Used Vehicle Value Index dropped to 199.2, which was 13.7% lower than the full month of April 2023. The seasonal adjustment amplified […]
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ARA and URG Partner on Gold Seal Quality Assurance Certification Program
The United Recyclers Group (URG) and Automotive Recyclers Association (ARA) announced the launch of the Gold Seal Quality Assurance Certification for professional automotive recyclers. This initiative, unveiled at the recent United Recyclers Group Annual Conference hosted with Team PRP, merges URG’s 9000 certification and the Gold Seal certification established by ARA. The Gold Seal Quality […]
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I-CAR Names Chairman’s Awards Recipients
The Inter-Industry Conference on Auto Collision Repair (I-CAR), honored four industry leaders for their remarkable achievements and contributions to I-CAR’s vision during the organization’s 45th-anniversary celebration at the I-CAR National Meeting. The event served to recognize and bring together I-CAR volunteers, instructors, and assessors, additionally 20 of our 57 Sustaining Partners participated in the weekend’s […]
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Toyota Research Institute Announces Multimillion-Dollar Challenge to Accelerate Advanced Materials Research
The Toyota Research Institute (TRI) announced a multiyear, multimillion-dollar challenge aimed at closing the gap between recent advances in artificial intelligence (AI) prediction of new materials and finding the actual “recipe” needed to make these hypothetical materials in the real world. Researchers can presently use AI and simulation to find millions of novel materials at […]
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Maryland Insurance Commissioner Kathleen Birrane to Step Down June 30
Maryland Insurance Commissioner Kathleen A. Birrane has announced her intent to resign effective June 30 and to return to private practice at DLA Piper, where she was a partner until being appointed Commissioner in May 2020. “My decision to return to private practice is bittersweet. Serving the residents of this State as the Insurance Commissioner […]
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Insurance Economic Drivers Outperforming Overall US GDP
Insurance Information Institute says property/casualty insurance performance likely to gain momentum on Federal Reserve interest rate cuts. The economic drivers of the U.S. property/casualty (P/C) insurance industry are now growing faster than the nation’s Gross Domestic Product (GDP) and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, according […]
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Joe Hudson’s Collision Center Acquires Six Repair Centers in Texas and Georgia
Joe Hudson’s Collision Center announced acquisition of six new locations, including Patton Brothers Body and Frame in Athens, Ga. and five Precision Hail and Collision locations across Texas. Brant Wilson, CEO of Joe Hudson’s, expresses his excitement about expanding JHCC’s footprint in Georgia, stating, “The acquisition of Patton Brothers Body and Frame marks our entry […]
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Crash Champions Acquires Collision Repair Center in Encinitas, California
Crash Champions announced the expansion of its California network with the acquisition of Fender Mender, located at 326 N. El Camino Real in Encinitas, California. The acquisition officially closed on April 5. “Crash Champions has quickly grown across California, and we’re proud to welcome this high-performing repair center to the team,” said Crash Champions Founder […]
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Allstate Reports Customers Using Safe Driving App Have 25% Fewer Severe Collisions
Allstate customers have a choice to opt into the Allstate app’s safe driving features and those who do are safer on the road, according to Allstate and its mobility data and analytics partner Arity. Allstate found customers who choose to use Drivewise are 25% less likely to have a severe collision than those who don’t. […]
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Kritech and NCS SSI Introduce Virtual Total Loss
Tool expedites estimation of non-repairable vehicles for collision repair centers. National Coatings & Supplies / Single Source, Inc. (NCS SSI) and Kri-Tech Solutions, LLC announced the introduction of Virtual Total Loss, a productivity and profit enhancement tool for collision repair centers. Virtual Total Loss enables collision repair professionals to streamline workflows by outsourcing estimates for […]
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