CNN Speaks on Collision: News outlet shares article explaining collision repair cost, complexities
Washington, D.C., United States — CNN Business shared an article last week that appears to attempt to educate consumers on the complexity and cost of collision repairs on modern vehicles. “Auto body repair was a pretty straightforward business not that long ago. When metal got bent in a crash, someone needed to unbend it,” the […]
Pricing Paradigm: Boyd’s Q1 sales driven by vehicle complexity, increased scanning and calibration services
Winnipeg, Manitoba — The Boyd Group reported its Q1 sales figures last month, with increases in sales based on “higher repair costs due to increasing vehicle complexity…increased scanning and calibration services and general market inflation,” said the company. CEO Tim O’Day told investors during the earnings call that most of the company’s scanning and calibrations […]
Crystal Ball: No break in insurance, repair cost inflation coming in 2023, Ratehub.ca predicts
Toronto, Ontario — The insurance experts at Ratehub.ca published their predictions for 2023 in late December, with results showing little reprieve on the way for an already strained insurer-repairer ecosystem, as inflated repair costs have trickled downward to increased premiums for customers. Statistics Canada’s October Consumer Price Index report for passenger vehicle insurance premiums shows […]
