Archive for August 2024
Collision Repair Industry Hits Production Milestone in May
The collision repair industry continued its strong performance in May, setting a new record for production levels. This marks a significant increase compared to the previous month and the same period last year. The surge in production was fueled by an increase in both employment and hours worked. The industry saw a rise in the…
Read MoreRetirement and Finances: Top Stressors for American Workers
A recent survey by The Guardian Life Insurance Company of America revealed that retirement-related concerns are the primary source of stress for American employees. Many worry about having enough money to last through retirement and a guaranteed source of income. This, combined with low overall well-being among Americans, highlights the urgent need for additional support…
Read MoreWhat Matters Most to Auto Technicians When Choosing a Workplace?
In the ever-evolving automotive industry, understanding what drives technicians to choose one workplace over another is crucial for employers aiming to attract and retain top talent. A recent survey conducted by CmySkills with our over 475,000 Instagram followers (and over 700,000 total social media followers), sheds light on the key factors that influence automotive professionals…
Read MoreSmall Business Optimism Improves Despite Ongoing Challenges
The National Federation of Independent Business (NFIB) Small Business Optimism Index rose in July, indicating a slight improvement in sentiment among small business owners. However, numerous challenges persist despite this increase, particularly related to inflation and labor costs. Inflation continues to be a significant concern for small businesses, with 25% of owners identifying it as…
Read MoreWhich Shop Type Provides the Best Pay and Benefits for Repair Technicians?
Insights from a Survey of CmySkills over 700,000 Social Media Followers When it comes to choosing a workplace, repair technicians often prioritize pay and benefits. These factors play a crucial role in job satisfaction and long-term career decisions. To gain insights into which type of shop provides the best pay and benefits for repair technicians,…
Read MoreMichigan Regulates AI in Insurance
The Michigan Department of Insurance and Financial Services (DIFS) has released guidelines for insurance companies using artificial intelligence (AI). The bulletin aims to protect consumers from potential risks associated with AI, such as discrimination and inaccurate decisions. While acknowledging AI’s potential benefits, DIFS emphasizes the importance of compliance with existing laws and regulations. The department…
Read MoreTexas Attorney General Sues General Motors Over Collection and Sale of Driving Data
Texas Attorney General Ken Paxton has filed a lawsuit against General Motors, accusing the automaker of illegally collecting and selling the private driving data of over 1.5 million Texans to insurance companies and third parties without their consent. The lawsuit alleges that GM deceived consumers by claiming that enrolling in its products, like OnStar Smart…
Read MoreU.S. Senate Education Funding Bill Would Raise Perkins State Grant for Career Education by $35 Million
The U.S. Senate has approved a spending bill providing a modest 1% increase for the Department of Education, starkly contrasting the House’s proposed 14% cut. While this is positive news, the bill still faces hurdles before becoming law. Career and technical education (CTE) saw some gains, with a $35 million increase in the Perkins Basic…
Read MoreChoosing the Right Workplace: Insights from Collision Repair Technicians
In the automotive collision repair industry, the choice of workplace significantly impacts job satisfaction, career growth, and work-life balance. To understand the preferences of collision repair technicians, we conducted a survey among CmySkills over 700,000 social media followers. We asked them where they would rather work: a Multiple Shop Organization (MSO), a dealership, or an…
Read MoreWholesale Used-Vehicle Prices Increased in July Month-Over-Month
Used vehicle prices, which have been a significant factor in the decline of repairable collision repair claims, showed signs of stabilization in July. While prices were still down year-over-year, the rate of decline has slowed. This is positive news for the collision repair industry as it could potentially lead to an increase in repairable claims.…
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