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Insurance claims, arguably the largest driver of revenue, were down which directly impacted collision topline. Similarly, a sudden drop in usedcar prices from post-COVID highs resulted in many vehicles not being repaired. Industry insiders expect the trend to be transitory. He is based out of Toronto.
Image source The buzz around electricvehicles (EVs) is undeniable. However, traditional gasoline cars, with their internal combustion engines (ICE), are still common on American roads. Gas-powered cars (ICE) have ruled the country for decades, but rising fuel prices and EV tax breaks are shifting the conversation.
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