CEO talks strategies at new MSOs, other auto body shops as industry sees boom of PE-backed chains

A new burst of collision repair industry consolidation has arisen as private equity firms continue to pick up smaller operators and seek to grow them into larger ones, apparently unfazed by the existing large national [...]

2021-03-15T07:21:05-04:00March 15th, 2021|RDN News Feed|

Jeep: 2022 Wagoneer, Grand Wagoneer return with steel, aluminum, composite

Jeep on Thursday announced the return of the Wagoneer and Grand Wagoneer, describing body-on-frame vehicles with a mix of materials including steel, aluminum and composites. “Substantial emphasis was placed on designing an all-new body-on-frame structure [...]

2021-03-12T07:21:06-05:00March 12th, 2021|RDN News Feed|

GM: Next-gen T1 SUVs offer repairs similar to T1 Silverado, Sierra trucks

General Motors’ T1 SUVs are very similar from a collision repair perspective to the T1 light-duty trucks introduced a few years ago, the OEM observed recently. Nathaniel Skutt of GM body structure advanced serviceability of [...]

2021-03-11T07:21:06-05:00March 11th, 2021|RDN News Feed|

Farmers adding crash detection to Signal telematics insurance app

Farmers on Wednesday announced it would by mid-March have upgraded its discount-providing telematics app Signal to carry a “CrashAssist” feature. Upon detecting a possible crash based on the phone’s sensor data, the new technology will [...]

2021-03-10T16:21:07-05:00March 10th, 2021|RDN News Feed|

Texas Dept. of Insurance: Carriers aren’t required to have appraisal clauses

The Texas Department of Insurance on Monday confirmed that auto insurers aren’t required to offer Texans an appraisal clause option to resolve a dispute over repair bill reimbursement. The agency also has rewritten its website [...]

2021-03-10T07:21:04-05:00March 10th, 2021|RDN News Feed|

Assured Performance: Nissan certified collision network promotion a hit

Assured Performance on Tuesday announced a successful Nissan email campaign pitched certified auto body shops to 3.9 million Nissan and 500,000 Infiniti customers. “The campaign launch resulted a tenfold increase in the number of hits [...]

2021-03-09T19:21:07-05:00March 9th, 2021|RDN News Feed|

PE firms create Aesop Auto Parts out of N.C. recycler, plan to buy more salvage yards

Two private equity firms have bought a 50-year-old North Carolina auto recycler and launched a new salvage company, Aesop Auto Parts. American Pacific Group wrote in a news release Thursday that Aesop will “acquire and [...]

2021-03-09T07:21:05-05:00March 9th, 2021|RDN News Feed|

Progressive 2020 profitability up amid 24% decrease in auto frequency

Progressive earlier this month reported its personal lines profitability rose nearly $1.46 billion last year despite paying out COVID-19 premium credits, reimbursing higher auto severity, and increasing its advertising spend. The nation’s No. 3 auto [...]

2021-03-08T17:52:05-05:00March 8th, 2021|RDN News Feed|

AASP, ASA, SCRS define scanning, ‘qualified’ tool, personnel

The three national collision repair trade groups on Friday released a position statement narrowly defining both the scanning operation and what constitutes a “qualified scan tool.” The document by the Alliance of Automotive Service Providers, [...]

2021-03-05T23:21:04-05:00March 5th, 2021|RDN News Feed|
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