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Current Used Vehicle Market Conditions: Q3 2023
Average wholesale prices declined for the third month in July, although at a slightly more gradual rate than in June. Prices have so far stabilized in August and remain up by around 30% versus pre-pandemic.
̽»¨¾«Ñ¡ Named a Global Leader in Cloud Computing for Innovative, AI-Powered Appraisal Review Solution
̽»¨¾«Ñ¡ today announced that it received a 2023 Stratus Award for Cloud Computing from Business Intelligence Group. The organization’s annual awards program seeks to identify the companies, products and people offering unique solutions that take advantage of cloud technologies.
NTHECC 2023 Fall Meeting
The National Truck and Heavy Equipment Claims Council (NTHECC) will host its
̽»¨¾«Ñ¡ Automates Scan and Calibration Detection in Estimating Workflow
̽»¨¾«Ñ¡ today announced the availability of a new feature in ̽»¨¾«Ñ¡ Cloud Estimating that automatically detects a completed scan or calibration and gives users the ability to quickly add it as a line on the collision-damage appraisal. This enhanced integration between carrier and shop workflows helps ensure that estimates include the appropriate diagnostic procedures performed.
Plugged-In: EV Collision Insights Q2 2023
Electric vehicle (EV) repairable claims frequency rose to 1.49% in the US and 2.64% in Canada in Q2 2023, which is an increase of 0.36% and 0.23% respectively over Q1. Tesla, the largest EV manufacturer in the world, saw its U.S. market share of repairable vehicles fall to 74.57% of all EVs repaired.