The Shift in Mobility Patterns
Just two years ago, some experts predicted the end of private vehicle ownership and the growth of shared mobility or Mobility as a Service (MaaS). Then came COVID-19. Three trends have emerged, however, that are shaping mobility’s “next normal” and promising to have a long-lasting impact on the collision repair and auto insurance industries.
Average Length of Rental for Repairable Vehicles: Q4 2020
As 2020 drew to a close, Enterprise Rent-A-Car analyzed results by state and vehicle condition to determine any significant increases or decreases in Length of Rental (LOR).
Current Used Vehicle Market Conditions: Q4 2020
Average wholesale used vehicle prices fell from their August peak for the fourth month in a row in December, yet finished out the year almost 10% higher than year-ago levels.
The Evolution of Claims Automation
By 2025, the global data and analytics company predicts that more than 80% of claims processed will be virtual, and up to half of non-injury claims fully automated. So what does this mean for the auto insurance sector?
A Look Back at 2020 Trends in Auto Insurance
By taking a look at last year’s key trends, carriers and collision repairers can successfully navigate an uncertain future and adapt to what will likely be a new post-pandemic normal.
Augmented Reality & Artificial Intelligence in Insurance
From Microsoft’s sophisticated HoloLens to Snap Inc.’s somewhat frivolous Spectacles, smart glasses hit the market in 2013 and have shown that they’re here to stay. Delivering an augmented reality experience that takes computing to the next level, glasses such as the Google Glass Enterprise Edition, shows that this technology has mainstream applications with usefulness that is expanding at a rapid rate.
SEMA Show 2021—Visit the Mitchell Booth
The SEMA Show is the premier automotive specialty products trade event in the world. SEMA draws the industry’s brightest minds and hottest products to one place, the Las Vegas Convention Center.