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Auto Physical Damage Article

Plugged-In: EV Collision Insights Q3 2024

4 MIN READ

In Q3 2024, claims frequency for repairable collision-damaged battery electric vehicles (BEVs) rose to 3.01% in the U.S. and 3.97% in Canada, an increase of 47% and 26% respectively year over year (YOY). While BEV sales have slowed, they still represent 8% of new vehicle sales in the U.S. (up 11.3% YOY) and 9.49% in Canada (up 18.47% YOY).
Auto Physical Damage Article

Total Loss: Q4 2017

1 MIN READ

Total loss data for both vehicle age and actual cash value of total loss vehicles processed through ̽»¨¾«Ñ¡ servers.
Auto Physical Damage Article

Canadian Collision Summary: Q4 2017

3 MIN READ

The average gross initial appraisal value, calculated by combining data from all first and third party repairable vehicle appraisals uploaded through ̽»¨¾«Ñ¡ Canadian systems in Q4 2017, was $4,184, a $43 increase from Q4 2016. Factoring for development yields an anticipated increase to $4,229.
Auto Physical Damage Article

The New Repair Network

6 MIN READ

The repair network of today is not your grandfather’s or your father’s repair network; in fact it may not even be your older brother’s repair network. Vehicles are becoming more sophisticated with every new model that rolls off the production line. They’re no longer merely a mode of transportation—they’re complex computer networks on wheels.
Auto Physical Damage Article

Motor Vehicle Markets Q4 2017

3 MIN READ

We recap the motor vehicle markets trends from Q4 2017, highlighting the best-selling U.S. cars, trucks, and current used vehicle market conditions.
Workers' Comp Article

Artificial Intelligence: 7 Tips for Success

1 MIN READ

News and predictions about how artificial intelligence will shape the insurance industry are popping up almost every day. The infographic below highlights seven tips for working with artificial intelligence, including limitations, opportunities and emerging trends that you should keep in mind to better position yourself (and your company) for success.
Auto Physical Damage Article

Average Length of Rental for Repairable Vehicles: Q3 2017

4 MIN READ

Average Length of Rental (LOR) for Q3 2017 landed at 12.1 days in the United States, an increase of just 0.2 days compared to Q3 2016. This is a continuation of the general course throughout the calendar year, although a few months produced measurable increases. Once again, there was very little consistency between regions and states, suggesting that the quarterly result for the U.S. is not reflective of a genuine national trend.
Auto Physical Damage Article

Motor Vehicle Markets: Q3 2017

2 MIN READ

Average wholesale prices in October were down only modestly month-over-month and were up year-over-year, bolstered by lingering impacts from hurricanes Harvey and Irma.