NORTHEAST 2022
Northeast 2022 is an event tailored to fit the needs of today’s professionals representing all walks of the automotive repair industry
Current Used Vehicle Market Conditions: 2021 Year-End
3 MIN READ
2021 Year-End Kontos Kommentary The following commentary is produced by Tom Kontos, Chief Economist, KAR Global. KAR Global is a leading provider of wholesale used vehicle auctions and ancillary remarketing services.1
P&C Industry Claims Severity: Trends, Drivers and Mitigators
3 MIN READ
Claim severity has always been top of mind for the P&C industry. While the pandemic has certainly had an impact on claims costs, there are several drivers behind claim severity trends varying by market. While it is important to note what is behind claims costs, it is equally important to understand how to mitigate severity and control costs.
Reflections, Predictions and Gratitude from Enlyte Experts as 2021 Comes to a Close
6 MIN READ
From navigating year two of the pandemic to accepting our “new normal,” our experts are thankful for the teams and relationships we have strengthened while expressing hope and eagerness for the possibilities the new year will bring.
Long-Lasting Pandemic Trends That Might Surprise You
It is no surprise that the COVID-19 pandemic has changed much about the way we live and do business.
AI and Its Impact on Automotive Claims
For more than six decades, innovators have attempted to unlock the full potential of artificial intelligence (AI). That dramatic growth has only accelerated over the last year due, in part, to the pandemic and a “new reality”. According to one report, 87% of carriers are now spending in excess of $5 million annually on these technologies, which is more than in the banking and retail sectors.
Average Length of Rental for Repairable Vehicles: Q1 2021
Overall U.S. LOR for Q1 2021 remained stable compared to Q1 2020, with an increase of only 0.1 days. Since COVID’s impact on 2020 LOR was most evident in April’s increases, we may see a larger difference when analyzing LOR next quarter.