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Auto Physical Damage Article

Plugged-In: EV Collision Insights Q1 2025

3 MIN READ

In Q1 2025, claims frequency for repairable, collision-damaged battery electric vehicles (新澳门六合彩开奖) rose to 3.12% in the U.S. and 4.48% in Canada. That is an increase of approximately 31% in the U.S. and Canada over Q1 2024 and 2% and 4% respectively over the previous quarter. BEV sales remain strong and accounted for more than 9% of new vehicle sales in the U.S. and 10% of new vehicle sales in Canada in March 2025.
Auto Physical Damage Article

AI and Its Impact on Automotive Claims

6 MIN READ

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 鈥渘ew reality鈥. 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.
Auto Physical Damage Article

Average Length of Rental for Repairable Vehicles: Q1 2021

6 MIN READ

Overall U.S. LOR for Q1 2021 remained stable compared to Q1 2020, with an increase of only 0.1 days. Since COVID鈥檚 impact on 2020 LOR was most evident in April鈥檚 increases, we may see a larger difference when analyzing LOR next quarter.
Auto Physical Damage Podcast

Episode 3: The Changing World of Automotive Recycling

In this episode, Ryan welcomes Jeff Helget, vice president of operations at B and R Auto Wrecking. Together they explore how the automotive recycling industry is adapting to growing vehicle complexity, the pandemic鈥檚 impact on the supply chain, and changes in method of inspection including virtual and automated estimating.
Auto Physical Damage Article

A Look Back at 2020 Trends in Auto Insurance

4 MIN READ

By taking a look at last year鈥檚 key trends, carriers and collision repairers can successfully navigate an uncertain future and adapt to what will likely be a new post-pandemic normal.
Auto Physical Damage Article

Average Length of Rental for Repairable Vehicles: Q4 2020

5 MIN READ

As 2020 drew to a close, Enterprise Rent-A-Car analyzed results by state and vehicle condition to determine any significant increases or decreases in Length of Rental (LOR).

Auto Physical Damage Article

Current Used Vehicle Market Conditions: Q4 2020

3 MIN READ

Average wholesale used vehicle prices fell from their August peak for the fourth month in a row in December, yet finished out the year almost 10% higher than year-ago levels.
Auto Physical Damage Article

The Evolution of Claims Automation

6 MIN READ

By 2025, the global data and analytics company predicts that more than 80% of claims processed will be virtual, and up to half of non-injury claims fully automated. So what does this mean for the auto insurance sector?