Collision Repair: Page 68

Collision Repair

New and Used Vehicle Markets Stabilizing, According to Open Lending Analysis

Automotive lending enablement provider releases data on national and regional vehicle registrations in the near- and non-prime market for Q2 2024 AUSTIN, Texas–(BUSINESS WIRE)–Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, just released a new Near- and Non-Prime Consumer […]

Can You Believe This

Can You Believe This?! Cars pull crazy U-turns; road-side stunts and more

Toronto, Ontario — Friday again, and with it another Can You Believe This?! video to bring some warmth to your weekend. Winter may be almost here, but the giggles from this video are sure to fuel some weekend funnies. From cars pulling crazy U-turns to road-side stunts, we’re certain you’ll have a ball.

Business

Record Reports: Axalta releases third quarter 2024 results; reports record net sales of $1.32 billion

Toronto, Ontario — Axalta Coatings has now released its third quarter financial results, noting a record net sales of $1.32 billion. According to a press release of the results, other highlights from the company’s third quarter include net income increases of 40 percent year over year to $102 million and a record adjusted EBITDA of […]

Collision Repair

Rising Repair Rates: Vehicle repair costs have increased by 28 percent over past three years, says Wall Street Journal

Toronto, Ontario — The cost of vehicle maintenance and repair has increased by an average of 28 percent over the past three years due to rising vehicle technification, says a new article from The Wall Street Journal. The article specifically notes that among parts costs, “another culprit is the cost and labour required for all […]

Trade Shows

Throwback Thursday: Return to SEMA 2011 with archival photos

Toronto, Ontario — This year’s SEMA show may have come and gone, but Collision Repair is prepared to take you all the way back to 2011 with these archival photos from our very own photo collection. Check out the products of yesteryear and vehicles that even 13 years later, still shine. Click here to see […]

Collision Repair

Skilled Statistics: Canadians consider auto repair fifth most valuable trade career, says recent Leger survey

Toronto, Ontario — A recent Leger survey commissioned by Classic Fire + Life Safety to evaluate Canadian attitudes toward the skilled trades indicates that for citizens, automotive repair is the fifth most valuable trade for a career. The study—“Measuring up the Trades”—specifically surveyed 1,626 Canadians aged 18 years or older from September 27 to 29, […]

Quarter Comprehension: Boyd releases Q3 results; CEO Tim O’Day says ‘disappointed’ with results

Toronto, Ontario — On Wednesday, Boyd Group Services Inc. announced that sales increased by two percent to $752.3 million from $737.8 million in its third quarter results. Additionally, the financial quarter report noted that “the third quarter of 2024 recognized one additional selling and production day when compared to the same period of 2023, which […]

ADAS Integration: asTech integrates adasThink with CCC, expanding access to ADAS insights for collision repair shops

Texas, United States — Repairify has revealed a new integration between its ADAS-focused platform, adasThink and CCC ONE from CCC Intelligent Solutions Inc. According to a press release detailing the integration, this collaboration aims to provide collision repair shops with access to advanced driver assistance systems (ADAS) insights to enhance repair precision and reduce cycle […]

Expo Exploration: Hunter Engineering continuing SEMA experience with online Hunter Expo

Toronto, Ontario — While this year’s SEMA show may have come and gone, Hunter Engineering is aiming to extend the show’s excitement through an online Hunter Expo. Available to both Canadian and American customers, the Hunter Expo will run from November 11 to November 22, and will specifically showcase video demonstrations of new Hunter products […]

NatCat Navigations: 2024 insured NatCat losses could reach $9 billion by end of year, says ICLR executive

Toronto, Ontario — According to recent reports, Canada’s property and casualty insurance industry is set to pay close to $9 billion in natural catastrophe (NatCat) losses by the end of the year. As noted by Canadian Underwriter on its webinar, ‘Canada in a de-globalized world,’ which occurred last Thursday: “thus far, the official tally in […]

A Salim Strategy: Marya Salim joins AkzoNobel as head of marketing for Automotive and Specialty Coatings North America

Toronto, Ontario — On Tuesday, AkzoNobel announced that Marya Salim has joined the company as Regional Marketing Director for its North America Automotive and Specialty Coatings (ASC) business unit. According to a recent press release, Salim will report to John Griffin, North America Regional Director and Commercial Director of ASC. In her new role, Salim […]

Not So Stainless Steel: Tesla Cybertruck owners find vehicles discoloured after removing vinyl wraps

Toronto, Ontario — Owners of Tesla’s stainless steel Cybertruck have begun to report that the trucks are becoming permanently blemished after having their vinyl wraps removed. Notably, Cybertruck owner, Aaron Cash posted on social media platform X, that after removing the vinyl wrap on his vehicle following an eight-month stint, ghost lettering and other discolouration […]

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