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Auto Physical Damage Article

Plugged-In: EV Collision Insights Q3 2024

4 MIN READ

In Q3 2024, claims frequency for repairable collision-damaged battery electric vehicles (BEVs) rose to 3.01% in the U.S. and 3.97% in Canada, an increase of 47% and 26% respectively year over year (YOY). While BEV sales have slowed, they still represent 8% of new vehicle sales in the U.S. (up 11.3% YOY) and 9.49% in Canada (up 18.47% YOY).
Auto Physical Damage Virtual Event

Top Collision Industry Trends to Watch in 2024

On-Demand
1 MIN READ

Over the last several years, the collision industry has faced unprecedented challenges. Will 2024 produce more of the same?
Auto Physical Damage Podcast

Episode 10: Collision Claim Trends and What to Expect in 2024

What keeps carriers and collision repairers up at night? In this episode, Ryan highlights the effect of recent collision claim trends—including rising repair costs, parts supply chain disruptions and advancements in vehicle technology—on the auto insurance ecosystem. He also provides a sneak peek at the four trends to watch for in 2024.
Auto Physical Damage Article

Plugged-In: EV Collision Insights Q3 2023

4 MIN READ

Electric vehicle (EV) repairable claims frequency rose to 1.86% in the U.S. and 3.14% in Canada in Q3 2023—up a modest 0.37% and 0.50% respectively from Q2. Tesla, the world’s largest EV manufacturer, accounted for over 70% of the EVs repaired in North American collision facilities last quarter.
Auto Physical Damage Article

Current Used Vehicle Market Conditions: Q3 2023

3 MIN READ

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.
Enlyte Article

Beyond the Buzz: Do You Have GenAI FOMO?

Tech leaders are feeling pressured to integrate generative artificial intelligence (GenAI) into their programs, but what do we really need to understand about leveraging AI effectively and responsibly for Property and Casualty?
Auto Physical Damage Conference

NTHECC 2023 Fall Meeting

The National Truck and Heavy Equipment Claims Council (NTHECC) will host its 2023 Fall Meeting at the M
Auto Physical Damage Article

Plugged-In: EV Collision Insights Q2 2023

3 MIN READ

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.