Collision Consultant Brad Mewes Launches COVID19Loans.org
Longtime collision industry consultant Brad Mewes has launched COVID19Loans.org to secure emergency funding and forgiveness for small businesses.
CARSTAR Hosts Top Franchise Partners at PGA Tour Championship
CARSTAR held its first CARSTAR MSO Growth Summit in Atlanta last week, where it treated top CARSTAR franchise partners from the U.S. and Canada to golf at Druid Hills Golf Course and a VIP experience at the PGA Tour Championship.
Porsche Financial Services Introduces Porsche Auto Insurance
Porsche has announced it will now be offering mileage-based auto insurance to Porsche drivers that delivers tailored insurance rates without compromising privacy.
Penfund Announces $150 Million Investment in Caliber Collision Centers
Penfund has announced the completion of a $150 million second lien debt investment in Caliber Collision Centers as part of a small club of lenders providing a $600 million second lien credit facility.
What Is Your Auto Body Shop Business Worth?
Just about every shop owner has thought about it. I’m talking about what the worth of their business would be in a sale. What is yours worth?
Did State Farm Buy a Judge? Racketeering Lawsuit Heading to Trial After Federal Court Refuses to Dismiss Case
A federal judge has denied State Farm’s motion to toss a class-action lawsuit claiming that the insurance carrier secretly bankrolled the 2004 election campaign of Illinois Supreme Court Justice Lloyd Karmeier in hopes that he would overturn the $1.05 billion Avery vs. State Farm judgment.
Global Auto Sales Growth to Slow in 2018, Yet Remain at Record Levels
After the strong performance of 2017, 2018 is forecast to see a slowdown in global light vehicle sales growth, yet IHS Markit forecasts a positive year to come, with global light vehicle sales estimated to reach 95.9 million units.
Ohio Body Shop Improves Efficiency with Help of Air Quality Grant
K-Ceps Auto Body of Johnson, Ohio, was approved for financing to purchase and install a new, air regulation compliant Ultra XD Paint Booth with eco options and LOGIC control panel from Global Finishing Solutions (GFS).
Live Oak Bank Announces New Lending Segment for Automotive Repair Shops
The vertical, which is Live Oak’s 16th industry-specific lending division, will lend to auto body shops, service and maintenance shops, tire centers, quick-lube stores and select auto-parts franchises, according to the company.
When in Doubt … Sub It Out!
I have a repair where the responsible insurer has refused to provide for sublet charges, saying that they aren’t responsible if we can’t perform the function. How should I respond?
