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Virtual Claims Becoming the Norm for Auto Insurance
Prior to COVID-19, just 15% of auto insurance claims were handled virtually. Following shutdown measures, nearly every auto claim was, according to LexisNexis Risk Solutions’ Future of Claims report.
ASE Education Foundation Partners with Companies, Organizations to Offer Free Training
The ASE Education Foundation has partnered with several auto care industry companies and organizations to offer free e-learning and online training resources for its auto, truck and collision instructors and students.
2021 SEMA Show Registration Now Open
Registration for the 2021 SEMA Show, scheduled for Nov. 2-5 at the Las Vegas Convention Center in Las Vegas, NV, is now open at www.semashow.com/register.
Hertz Reconsidering Reorganization Proposals for Chapter 11 Exit
Hertz Global Holdings, Inc. on May 5 announced it has considered a revised proposal made by affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC and Apollo Capital Management, LP (KHC Group) to provide equity capital required to fund Hertz's exit from Chapter 11.
Ford Reports Best Truck and SUV April Sales in 15 Years
Ford’s April retail sales totaled nearly 198,000 vehicles, up 57.1% compared to 2020 results, but also up 23.7% on April 2019 results.
GM Reports $3B Net Income in 1Q
General Motors Co. on May 5 reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial and the industry recovery in China.
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Security Concerns Rise for Connected Autos
The auto industry is transforming itself toward a future in which the automobile increasingly will be connected using V2X and 5G. Driver assistance will improve, and ultimately cars will be guided by AI and machine learning.
Enterprise Releases Q1 Length of Rental Data
Overall U.S. Length of Rental (LOR) for Q1 2021 remained stable compared to Q1 2020, with an increase of only 0.1 days, Enterprise recently reported.
AkzoNobel Launches New Acoat Selected Digital Training Platform
AkzoNobel on May 4 announced the launch of its new Acoat Selected digital training platform containing business services content relevant to end-user customers.
CCC to Enable Digital Payments Between Insurers and Collision Repairers
CCC Information Services Inc. (CCC), a SaaS provider to the P&C insurance economy, announced May 4 plans to launch an enterprise payments platform to power electronic payments across the insurance and automotive ecosystem.