AAA on Thursday said it won’t even try to estimate the Memorial Day travel this year because of the COVID-19 coronavirus situation. However, an AAA vice president indicated that collision repairers should expect a dismal [...]
GEICO last month announced a new recalibration pricing policy slated to take effect last week for at least one Safelite-administered network of glass repairers. The guidance was contained in a memo obtained by glassBYTEs and [...]
Hyundai’s brand-new entry-level crossover the 2020 Venue carries significant advanced high-strength steel content and safety technology standard for just $17,350. Nearly half of the body is what a Hyundai diagram characterizes as “Advanced High Strength [...]
LKQ Chief Financial Officer Varun Laroyia last month said LKQ has for two years devoted particular attention to collecting the money customers owe, viewing accounts receivable management a “massive opportunity” for the company’s bottom line. [...]
Though the measure could be a nonstarter in the Senate, the U.S. House on Friday approved a COVID-19 relief bill which might help some repairers using the popular Paycheck Protection Program and Economic Injury Disaster [...]
Hertz Global Holdings announced Monday that Executive Vice President Paul Stone will helm the company following the resignation of CEO Kathryn Marinello on Saturday. Stone’s promotion to president and CEO was effective Saturday, the company [...]
Collision repairers who received Paycheck Protection Program loans can prepare for the process of having the debt wiped clean with the forgiveness application released by the Small Business Administration on Friday. SBA said it planned [...]
LKQ CEO Nick Zarcone predicted last month that crash volumes “will move back, we believe, to where they were,” doing so at a gradual pace. LKQ has discarded the full-year guidance it issued prior to [...]
Citing reports of insurers intentionally lowballing or refusing to settle claims during coronavirus-related court closures, Democratic Insurance Commissioner Ricardo Lara on Thursday directed carriers to comply with the California Unfair Practices Act and “promptly and [...]
LKQ last month said it cut the equivalent of more than 16,750 employees worth of personnel expenses to weather the economic collapse from the global COVID-19 repsonse. As soon as revenue began to fall, “we [...]
