BodyShopSpotNews
Your source for the latest collision repair industry news, statistics and trend analysis.
Wed, 20 Nov 2024 17:12:21 +0000
Wholesale Used-Vehicle Prices Up in First Half of November
Prices were up both month-over-month and year-over-year. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis increased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index increased to 206.1 and is now showing a gain of 0.5% from the full month of November 2023. The […]
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Hanging Rock Acquires Car-O-Liner Southwest
Generational Capital Markets (GCM), the mergers and acquisitions advisor for privately held businesses, announced the sale of Car-O-Liner Southwest to Hanging Rock. The acquisition closed March 7, 2024. Located in Rowlett, Texas, Car-O-Liner Southwest, established in 1993 by Tim Curran, is a distributor of collision repair equipment, serving thousands of customers across the southwestern United […]
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NABC Elects Board Members
At the 2024 NABC Annual Meeting, the National Auto Body Council held its board elections for the upcoming year. In addition to re-electing four members whose terms were expiring, NABC welcomed three new members to its board. The newly elected board members include: Ryan Downs, Chief Strategy Officer, Crash Champions Steve Fardelos, Regional Sales Manager, […]
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Progressive Insurance Introduces Accident Response to Customers Nationwide
Progressive Insurance announced the launch of its newest safety feature, Accident Response, to afford customers peace of mind and connect them with emergency or tow services should the unexpected happen on the road. The optional feature within the app uses phone sensors to detect when a customer may have been in a major accident. […]
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NHTSA Finalizes Updates to 5-Star Safety Ratings Program
Changes will advance safety for vehicle occupants and pedestrians and help consumers make informed decisions on new vehicle purchases. The U.S. Department of Transportation’s National Highway Traffic Safety Administration yesterday finalized significant updates to its consumer-facing 5-Star Safety Ratings program, a pivotal action that will improve safety on our nation’s roads by incorporating new advanced […]
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Collision Repair Schools Receive Over $500,000 in Benchmark Grants
Collision Repair Education Foundation program will support more than 4,000 future repairers at 80 schools. Collision repair organizations have continued their support of the Collision Repair Education Foundation’s (CREF) Benchmark Grant program. Thanks to the generosity multiple industry partners – both small and large – the Foundation announced that 80 collision repair schools will receive […]
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Axalta Marks 10 Years as a Public Company by Ringing the NYSE Opening Bell
Chris Villavarayan, CEO and President of Axalta Coating Systems (NYSE: AXTA) and Rakesh Sachdev, chair of the board, yesterday commemorated 10 years as a publicly traded company by ringing the opening bell at the New York Stock Exchange (NYSE). Axalta’s senior leadership team and employees from the Philadelphia area also participated in this highly respected […]
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Wren’s Collision Group Acquires a New Repair Facility in Georgia
Wren’s Collision Group announced the acquisition of Keziah’s Collision in Canton, Ga. marking its 16th location with 14 in Georgia and 2 in Florida. James Wren, owner of Wren’s Collision Group, expressed his excitement, “We are honored to continue our expansion with the addition of this family-owned and operated center. It perfectly aligns with our […]
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Maaco Daytona Beach Celebrates Grand Opening with a Ribbon-Cutting Ceremony
Longtime automotive enthusiasts Richard Ly and Johnny Sy, owners of the new Maaco location in Daytona Beach, Fla. hosted community members October 31 for a ribbon-cutting ceremony to celebrate the opening of their new collision repair and automotive service center. Attendees were treated to light refreshments, a tour of the shop, and the opportunity to […]
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Revv Secures $20 Million Funding
Revv announced it has secured over $20 million in funding in a round led by Left Lane Capital, with continued participation from Soma Capital, 1984, and Agalé Ventures, underscoring the industry’s confidence in Revv’s potential to transform auto repair services with artificial intelligence technology. Revv ADAS Plus and ADAS Mechanical products recently received SEMA Best […]
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