Current Used Vehicle Market Conditions: Q2 2019
Average wholesale prices in July were flat relative to June and remained up on a year-over-year basis largely on the price strength and growing share of truck-segment sales. CPO sales continue to buoy off-lease vehicle prices.
Dashboard Cameras Go Beyond Recording the Road Ahead
With three times more Google searches for “dash cam” related terms versus “autonomous driving” terms, online trends confirm that the demand for onboard cameras is quickly rising. Maybe you’ve never ridden in a car with a dashboard camera, but chances are you’ve seen a video or two from one. In the United States, dash cam shipments are up twenty percent from 2017.
Is Your Collision Repair Facility Ready for Electric Vehicles?
Some automakers are staking their futures on electric vehicles (EVs). General Motors announced it will launch twenty new, completely electric vehicles by 2023. VW plans to build 22 million electric cars in ten years. Daimler plans to offer an electrified variant for every model in its portfolio.
Humanizing the Collision Claims Experience in the Digital Age
Today’s customers have high expectations. From ordering coffee to online banking, they experience personalized, on-demand service from the businesses they interact with, and they expect the same from their insurers. How can insurance claims organizations adapt to a digital world and continue to exceed customer expectations? Start by reading these five tips from industry experts for humanizing the collision claims experience.
Top Five Automotive Trends for 2020
With each new year, we seem to be faced with another salvo of changes in the automotive industry, far surpassing trends experienced over the past few decades. 2020 appears poised to be a pivotal year for both the furtherance of development already in place and fresh forces of disruption.
Changes in Weather Patterns and Claims Impact
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We haven’t reached mid-year 2019, and the United States has already experienced several severe weather events, including a polar vortex and many hail storms in the Midwest, massive flooding in the Northern Plains, and heavy El Niño rains in California.
Average Length of Rental for Repairable Vehicles: Q1 2019
Average Length of Rental (LOR) for Q1 2019 landed at 12.8 days in the United States, an increase of 0.3 days compared to Q1 2018. 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. The Mountain and Pacific regions produced the largest increases at 1.1 and 0.9 days respectively. The Southwest was the only region that did not increase by staying even at 13 days.