Ccc Information Services (NASDAQ:CCCG)
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From Jun 2019 to Jun 2024
CCC Information Services Inc. ("CCC") is increasing its
collision estimating industry footprint by entering into agreements
with information providers in the recreational vehicle (RV) and
motorcycle industries. Through agreements with Duncan Systems - the
leading RV estimating data provider -- and Urban Publications - the
top motorcycle, ATV and scooter estimating provider-- CCC has become a
reseller of these companies' respective estimating products and will
also begin development on integrating these product offerings with
CCC's other estimating solutions.
CCC, a subsidiary of CCC Information Services Group Inc.
(Nasdaq:CCCG), is a leading supplier of information technology
software and services to the auto-claims and collision-repair
industries.
"Collaborating with industry leaders like Duncan Systems and Urban
Publications is consistent with CCC's strategy of providing our
customers with the tools necessary to succeed within the
collision-repair industry," said Scott Stein, director of Strategic
Alliances for CCC. " The move into specialty estimating is a natural
progression for CCC, considering the demand in the marketplace."
Recent data reveals that the demand for specialty estimating
solutions is on the rise. Motorcycle and ATV sales recently recorded a
12th consecutive year of sales increases, with more than 1 million
two-wheeled vehicles sold in the last year alone. The RV marketplace
also continues to enjoy strong sales. This strength is illustrated by
a 15.4 percent increase over 2003 sales numbers, pushing the number of
RVs currently on the road to approximately 7.2 million units.
Urban Publications, Inc., assembles original equipment
manufacturer data (such as part prices, labor times and graphics)
representing an estimated 95 percent of the industry. These
manufacturers include Honda, Yamaha, Kawasaki, Suzuki, Buell and
Harley-Davidson. "We are pleased to provide CCC with our solution that
meets the needs of today's marketplace," said Urban Publications'
President Barney Prignano.
Duncan Systems has been working within the RV industry since 1967,
building upon its comprehensive RV estimating database. "Our claims
consultants are licensed adjusters, having more than 200 combined
years of experience in the RV industry," said Duncan Chairman and CEO
Ron Duncan. "It seemed to be a natural fit to link our industry
expertise with that of CCC, a knowledgeable force in the automotive
claims and collision-repair industries for 25 years. "
About CCC
Now celebrating its 25th year, CCC Information Services Inc.,
headquartered in Chicago, is a leading supplier of advanced software,
communications systems, Internet and wireless-enabled technology
solutions to the automotive-claims and collision-repair industries.
Its technology-based products and services optimize efficiency
throughout the entire claims management supply chain and facilitate
communication among approximately 21,000 collision-repair facilities,
350 insurance companies, and a range of industry participants. For
more information about CCC Information Services Inc., visit our web
site at www.cccis.com or contact Michelle Hellyar of CCC at
312-229-2830 or John Harris of CCC at 312-229-2693.