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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 Article

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.
Auto Physical Damage Article

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.
Auto Physical Damage Conference

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.
Auto Physical Damage Article

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.
Auto Physical Damage Article

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?
Auto Physical Damage Article

Average Length of Rental for Repairable Vehicles: Q3 2022

12 MIN READ

Average Length of Rental (LOR) for collision replacement-related rentals in Q3 2022 was 18.2 days, representing a three-day increase from Q3 2021 (15.2 days). Last year, when we compared Q3 2021 to Q3 2020, the results showed a 2.9-day rise. This represents almost six full days in the last 24 months.
Auto Physical Damage Article

Current Used Vehicle Market Conditions: Q3 2022

3 MIN READ

Average wholesale used vehicle prices in September were down for the fourth month in a row from their spring/tax-refund seasonal peaks in May, but at a more gradual pace than that seen in the three prior months. Hurricane Ian possibly had a moderating effect on wholesale price deterioration, due to the loss of used vehicle supply and the resulting replacement demand the storm generated. This moderating trend continued into October.