Coalition for a Triple Bottom Line in Collision Repair to Host Panel Discussion at NACE | CARS 2016

Coalition for a Triple Bottom Line in Collision Repair to Host Panel Discussion at NACE | CARS 2016

Topics will include what can be done about the increasing number of total losses, the changing business models for automakers and insurers, how the millennial generation is changing the marketplace, and more.

At this year’s NACE | CARS 2016, the Coalition for a Triple Bottom Line in Collision Repair will host a panel discussion on what the 21st century holds for the industry and the vital role collision repair will play in it. The event will take place on Thursday, August 11th, from 8:30-10 a.m. in room 208B of the Anaheim Convention Center, Anaheim, Calif.

The discussion panel will be comprised of representatives of shop management and leadership, insurance carriers, automakers, industry experts and scholars, all of whom have unique and far-reaching perspectives on the challenges facing the collision repair industry.

Topics will include: how tensions between dominant industry stakeholders drive the industry to be less than it could be; the increasing number of total economic loss write-offs and what can be done about them; the significant role the collision repair industry can play in the emerging “circular economy”; how the millennial generation is changing the marketplace, and what the collision repair industry can do to play a role in this evolving landscape.

The panel discussions will delve into the realities faced by the industry in the 21st century, which include the ever-increasing rate of change and the challenges this creates. Attracting and retaining qualified employees, accelerating technology and evolving regulations are a few examples of the challenges faced by the industry.

These challenges are best met by considering the collision repair industry as part of what many are referring to as “the circular economy.” Automobile manufacturers and insurance carriers are under pressure to change the very nature of their business models. Manufacturers are faced with increasing costs of materials, the need to find renewable feedstocks and the need to achieve sustainability. Insurance carriers are challenged to manage big data effectively, meet evolving consumer behavior and mitigate the risks posed by a constantly changing world. Working across stakeholder lines on the system of automobile use and end-of-life management are the keys to effectively facing these challenges.

“The collision repair industry has an opportunity and responsibility to become a leader in the emerging circular economy,” said Farzam Afshar of Verifacts. “Safely repairing vehicles extends their life, saves money, creates jobs, conserves resources and reduces environmental damage. To make this happen, the industry needs an organization that can work across stakeholder lines, from repairer to automobile manufacturers and their suppliers, to insurance carriers, regulators and academicians. This is what the Coalition for a Triple Bottom Line in Collision Repair envisions: an organization that will advance the interests of the collision repair industry within the circular economy of the automobile in serving the consumer.”


To read more about NACE | CARS 2016, click here.

You May Also Like

NABC Donates Recycled Ride to Needy Milwaukee Man

The NABC, GEICO and Crash Champions West Bend recently donated a refurbished 2019 Buick Envision to a West Bend, Wis. resident.

The National Auto Body Council (NABC), along with GEICO and Crash Champions West Bend, recently donated a refurbished 2019 Buick Envision to a West Bend, Wis., resident as part of the NABC's Recycled Rides program.

Recipient Michael Frey managed to keep his old car running for 29 years, but it finally stopped. He had been a client of Family Promise, living in its shelter, and in April he was able to move into an apartment on his own. He has recovered from health issues. Through all of this, he has kept his job as a taxi driver. The donation of the car ensures that he will get to work and appointments reliably. 

LKQ Corporation Announces LKQ Refinish Division

LKQ Corporation has announced the merging of the LKQ PBE and FinishMaster businesses under one umbrella now called LKQ Refinish.

Auto Care Industry Expected to Grow 5.7% in 2024

The 2025 Auto Care Factbook projects the total light-, medium- and heavy-duty automotive aftermarket to hit $617.3 billion industry in 2027.

Association News

The latest association news appearing on bodyshopbusiness.com.

Consolidator Report

Consolidation news from the week of June 10.

Other Posts

Top 5 Stories of the Week

A recap of the top five stories on bodyshopbusiness.com during the week of June 10.

Collision Careers Enhances Web Presence, Debuts New Video

The updated website now includes career path details and downloadable resources for parents, educators and school advisors as well as a new, engaging video.

SUN Collision Brings Back Thank You Thursdays Sweepstakes

SUN Collision is celebrating Automotive Service Professionals Month in June with the return of its “Thank You Thursdays!” sweepstakes.

Snap-on TSS Onsite at SkillsUSA in Atlanta

Snap-on Total Shop Solutions (TSS) products will be on display and included in the competition at the 2024 SkillsUSA National Leadership and Skills Conference June 24-28 at the Georgia World Congress Center in Atlanta. Related Articles – NABC to Host Third Golf Fundraising Event of 2024 – Honda Starts Production on 2025 Honda CR-V Fuel