Claims exchange fluctuations level off
Claims exchanges remained relatively stable for the week ending 27 February 2021 according to the CAPS Claims Analysis Report.
Measured against the exchanged peak – week ending 07 November 2020 – unique claims saw a two percent increase over the previous week rising to 76%, while supply chain transmissions stood at 82%, a one per cent increase on the previous week’s figure.
Industry Insights acquires Trend Tracker
Industry Insights Ltd has acquired UK vehicle body repair and motor insurance market reporting and analysis organisation Trend Tracker Ltd.
Since 2003, Trend Tracker has produced The Future of the UK Car Body Repair Market report, renowned as the most credible and thorough research for the sector. The acquisition provides the platform for Trend Tracker to now add this success critical analysis across a range of market trends.
Supporting the acquisition, claims market specialist and Industry Insights associate director, Paul Sell will have extensive involvement.
Selsia enhances CAPS connectivity
Selsia has developed its repair management software to enable a new and faster connection with CAPS.
The new system means bodyshop management system updates from any of Selsia’s approved repairer network will automatically update Selsia’s repair management portal, Selsia Central.
Neville Lidford, Selsia’s Engineering & Operations Director said, “We’re always looking at ways to improve our operational processes. The adoption and integration of CAPS into our system was a strategic consideration.”
EMACS going the distance
The team at BMS Eclipse has successfully completed the first half of the virtual Land’s End to John O’Groats challenge raising funds for Enterprise’s BBC Children in Need partnership efforts.
During February the BMS Eclipse team completed the 2918.85km distance by cycling and running. The challenge saw 31 individuals participate and included 233 unique activities completed along with 35 virtual bodyshop visits.
The EMACS Bodyshop Management Systems team is now attempting to complete the return journey during March.
Markerstudy acquires Brightside
Markerstudy Group has acquired Brightside Group, subject to regulatory approval, from private equity investor AnaCap Financial Partners in its first major move of 2021.
It follows the Group’s completion of the purchase of Co-op Insurance in December 2020 and investment by Pollen Street Capital and Qatar Insurance Company in January this year.
The acquisition adds in excess of £125m GWP to the Markerstudy Group and affirms its new partners’ belief in a dynamic buy and build strategy.
Breakout for Ben raises £159k
Breakout for Ben has raised just under £159,000 for automotive charity Ben – an amazing total that will help address its £1million fundraising shortfall.
The 10-day virtual active challenge took part in February and saw a total of 986 people from across the automotive industry take part. Participants walked, ran, cycled and exercised their way to complete over 80,000 miles collectively to raise much-needed funds for the charity.
Fix Auto Petersfield invests for growth
Fix Auto Petersfield is undertaking a major investment programme that will double the size of the business and its repair capacity.
The first of the two-phase project is now complete after owners James and Patricia Poste added two neighbouring 4,500sqft units to their existing established business. The second phase will include the installation of additional equipment including a spraybooth for commercial vehicle repairs.
Once the project is finished, Fix Auto Petersfield will feature 20 work-bays which will double its capacity and enable the repair of up to 200 vehicles a month.
Copart completes York operations expansion
Copart UK has completed the seven-acre expansion at its York Operation Centre, as part of its ongoing growth programme.
Having acquired and secured planning permission last year, the additional land in York is now ready for use, providing a total of 31 operational acres and storage for over 11,000 additional vehicles annually.
In addition to its Operation Centre, Copart’s York-based capabilities also include a U-Pull-It (UPI) site, providing total capacity of 45 acres and a full cycle of services, from online auction sales through to recycled parts, to customers in the North.
