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I-CAR Releases 2023 Impact Report and Highlights Industry-Driven Reinvestments

June 27, 2024
 

HOFFMAN ESTATES, IL, June 27, 2024 - I-CAR, the automotive collision industry standard for technical training and services, today released its 2023 Impact Report: Leading Forward which highlights key achievements, initiatives and reinvestments funded by I-CAR’s Industry Impact Fund, a strategic reserve component governed by the I-CAR Board for the industry’s benefit. The report demonstrates I-CAR’s continued commitment to leading the industry forward with excellence in training, technical information, and collaboration in a dynamic environment impacted by increasing repair complexity and challenges recruiting technicians.

Key highlights from the report:

  • 97,419 unique students trained in 2023, up 17.5% from prior year
  • 12,121 total shops trained, a 6.5% annual increase
  • 9,240 Gold Class repair facilities, a 4.4% annual increase, and 33 network program partners relying on I-CAR training
  • 36,119 Platinum technicians, achieved through ProLevel 3 completion and ongoing annual training
  • 632 Career Technical Schools using I-CAR's education-sector curriculum
  • 57 Sustaining Partner program members, helping to support and offset the cost of industry training
  • 23 Industry Training Alliance Partners, offering I-CAR credit for courses taken with OEMs, suppliers and other qualified training providers

Re-investments to support the industry

A healthy reserve with Board oversight, funded by ongoing retained earnings, is vital to I-CAR’s ongoing operational sustainability while enabling reinvestment in strategic initiatives responsive to industry needs. I-CAR reserve levels are governed within not-for-profit best practices for organizations with similar scale of operations and service levels. Reserves are there to help weather emergencies or recessionary pressures, provide for necessary capital reinvestments and to support strategic initiatives that directly support industry needs, allowing I-CAR to self-fund versus incurring debt. I-CAR has diligently re-invested in strategic initiatives that further industry training outcomes, strategically expand services driven by industry voice, and annual support for CREF, all geared to create industry benefits that align with I-CAR’s vision and mission. Active I-CAR Industry Impact Fund investments include:

  • Industry Talent Programming: $20.9M over 3 years focusing on attracting, training, and retaining technicians that will fuel the future of the industry.
  • I-CAR Technical Center: $7.8M over 2 years advancing emerging technologies and EV/ADAS training in best-in-class facilities.
  • Advanced Learning Effectiveness: $1.1M over 1.5 years researching emerging technologies to enhance the learning experience and education accessibility.
  • Plus, recent investments in system enhancements, course updates, and technical support.

These reinvestments have contributed to I-CAR's strong financial position, enabling the organization to continue providing valuable training and services to the collision repair industry. For more information about I-CAR’s 2023 achievements and financials, please visit i-car.com/governance/financials.

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About I-CAR:

Founded in 1979, I-CAR is a not-for-profit education, knowledge, and solutions organization designed to support the evolving needs of the Collision Repair Inter-Industry. I-CAR, which is accredited by IACET (The International Accreditors for Continuing Education and Training) is focused on improving the quality and safety of auto collision repair for the ultimate benefit of both the industry and the consumer. For more information, please visit www.i-car.com.