Source: CCC Intelligent Solutions CHICAGO — CCC Intelligent Solutions Holdings Inc. (“CCC” or the “Company”) (NASDAQ: CCCS), a leading SaaS platform for the P&C insurance economy, announced its financial results for the three months and year ended December 31, 2022. “CCC delivered another year of strong financial performance, with 2022 revenue growth of 14% and adjusted EBITDA Read more…
On February 28, 2023, the ABPA submitted opposition to Montana Senate Bill 501 (2023), which will adversely affect Montana drivers as it would establish a restriction against the use of alternative parts including aftermarket, recycled, remanufactured, and refurbished parts when OEM repair procedures are mandated. The ABPA is against any repair procedure that encourages monopolistic behavior that Read more…
Source: FenderBender LKQ Corporation has acquired refinishing and coatings distributor Uni-Select Inc. and its FinishMaster subsidiary in a transaction with a total enterprise value of $2.1 billion, the companies announced in a press release. The deal brings together one of the aftermarket’s largest parts providers in LKQ and Uni-Select, which operates the FinishMaster brand across North America Read more…
Insightful Speakers, Networking, NABC Recycled Rides® gifting, Exclusive Rivian Factory Tour – Connected Car, Connected Industry Sanford, NC — CIECA announced that its 15th annual conference, CONNEX 2023, will be held at the DoubleTree Hotel by Hilton, in Bloomington, IL, September 12-13. The event will include a full lineup of business and technical speakers, networking opportunities and Read more…
February 23, 2023 Fourth quarter 2022 revenue of $3.0 billion; parts and services organic revenue increased 4.5% (5.9% on a per day basis); annual increase of 5.0% (5.2% on a per day basis) Record fourth quarter segment EBITDA margins for Wholesale – North America and Europe of 18.5% (330 basis point increase) and 10.0% (110 basis point Read more…
Source: Associated Press AUGUSTA, Maine — A referendum campaign aimed at ensuring independent shops have the information needed to repair newer cars has qualified for the November ballot. The secretary of state announced Tuesday that 74,686 signatures were validated for “Automotive Right to Repair” proposal. That’s about 7,000 more than needed. Mirroring a 2020 law in Massachusetts, Read more…
Each year, the ABPA relies on its sponsors to ensure that the convention is a success. While all sponsors are important, we would like to give special recognition to the Platinum Sponsors of the 2023 ABPA Convention in Nashville! CAPA/Intertek Go-Parts Partslink TYC Americas Sponsorships are still available! To be a sponsor for the ABPA show, please Read more…
Source: CCC Intelligent Solutions Tech leader also reports processing more than 14M unique claims with advanced AI through 2022. CHICAGO – CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform powering the P&C insurance economy, today announces an update to its insurer AI adoption report, which for the third straight year shows significant growth in the adoption Read more…
Legislative Alert: Take Action Now!Ask Your U.S. Representative to Support the REPAIR Act As vehicle technology becomes even more complex, the car companies create new barriers that limit consumer choice which increase the cost to repair and maintain vehicles. The REPAIR Act will reduce these barriers, putting consumers’ interests first. The ABPA supports this important piece of Read more…
Houston, TX – The Automotive Body Parts Association (ABPA) applauds United States Reps. Neal Dunn (R-FL), Brendan Boyle (D-PA-02), Warren Davidson (R-OH-08), and Marie Gluesenkamp Perez (D-WA-03) for reintroducing the ‘Right to Equitable and Professional Auto Industry Repair (REPAIR) Act’ (H.R. 906). The legislation will ensure the preservation of consumer choice, a competitive marketplace, and the continued Read more…
