Mobileye bucked the trend while Aptiv, Tesla, Nvidia, and LKQ all sold off, with Aptiv taking the hardest hit at just over 3%.
Data via Yahoo Finance
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Mitchell's analysis just dropped hard truth on ADAS calibration compliance. Meanwhile, CarFax parent company Mobility Global completes its spinoff from S&P Global. Both matter to your bottom line this week.
ADAS
1. Mitchell: Most shops don't do ADAS calibrations right
Mitchell data shows shops struggle to perform ADAS calibrations correctly, but the real problem is determining what "correct" even looks like across the industry. No OEM standard benchmark exists yet. This is the gap insurers and shops are fighting over on every supplement.
Mark says: Pull your calibration logs from the last 90 days and benchmark them against OEM specs to prove competency before an adjuster questions your work.
2. Mobility Global spins off from S&P Global; CarFax independent
CarFax parent Mobility Global Inc. completed its separation from S&P Global and now trades independently on the NYSE. This changes who controls automotive data pricing and access. Watch for changes to how CarFax data flows into estimate tools and insurance workflows.
Mark says: Monitor Mobility Global earnings calls and policy announcements for CarFax fee or integration changes that affect your estimating software costs.
3. FTC proposes new AI accuracy rules; shops may face scrutiny
The Federal Trade Commission is seeking public comment on an AI accuracy policy that targets companies making misleading claims about AI capabilities. If you use AI-powered estimating, scanning, or claims tools, watch this closely. The rule could affect how vendors disclose tool limitations.
Mark says: If you rely on AI estimating or scanning tools, document their known failure modes and communicate limitations to insurers before disputes arise.
4. Monro hit with $174K OSHA fine for safety violations
Monro Inc., a large auto service provider, agreed to pay $174,000 in penalties for seven DOL safety violations at its New York facility. Violations included improper equipment maintenance and unsafe work practices. The fine signals DOL is actively inspecting collision and service shops.
Mark says: Schedule a walk-through of your bay this week and document lift certifications, PPE stock, and fire suppression status before a surprise inspection.
5. CREF names new executive director; leadership transition underway
Brandon Eckenrode has stepped down as executive director of the Collision Repair Education Foundation. The board is managing the transition. CREF controls a significant portion of industry training standards and curriculum development.
Mark says: Monitor CREF announcements for any shifts in ADAS certification requirements or curriculum changes that affect technician training plans.
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