Insights
Plugged-In: EV Collision Insights Q4 2022
2 MIN READ
In Q4 2022, electric vehicle (EV) repairable claims frequency rose to 1.1% in the U.S. and 2.26% in Canada. Tesla continues to dominate EV market share in both countries with 76.78% in the US and 70.21% in Canada. The Ford Mustang Mach-E moved up to fourth position in U.S. EV frequency, displacing the Tesla Model X. Q4 2022 also saw the first appearance of the Hummer EV in a U.S. collision repair facility (none reported in Canada thus far) as well as the Ford F-150 Lightning EV in a Canadian repair facility following its Q3 2022 debut in U.S. auto body shops.
Average Length of Rental for Repairable Vehicles: Q4 2022
12 MIN READ
As we have previously observed, historical trending of Length of Rental (LOR) has shown a fourth-quarter increase over the third quarter—usually brought about by winter weather, animal accidents and holiday travel.
Current Used Vehicle Market Conditions: Q4 2022
4 MIN READ
Average wholesale used vehicle prices in December were down modestly versus November, yielding the seventh monthly decline in a row and another double-digit year-over-year drop. However, the rate of decline tapered greatly in December, and prices rose solidly during the first weeks of January.
The Future of Paintless Dent Repair
1 MIN READ
Learn how this eco-friendly repair method is gaining support, underscoring the need for technology, training and professional standards.
Mobile Tech Expo 2023
Mobile Tech Expo is January 26-28, 2023 in Orlando, Florida. The event invites both professional and novices in the detailing and PDR industry to experience world-class seminars from industry leaders, demonstrations, competitions, expo deals from top industry companies, and networking opportunities.
Taking Charge: How EVs are Impacting Auto Insurance and Collision Repair
6 MIN READ
Electric vehicles (EVs) are making the transition from novelty to necessity. As EV adoption continues to grow, auto insurers and collision repairers must prepare for the impact on claims processes and costs.
Claims Automation: Separating Fact From Fiction
7 MIN READ
As an industry, we are just beginning to reconcile initial expectations with the current state of claims automation. So what better time to evaluate our progress and the road ahead?