Current Used Vehicle Market Conditions: Q1 2023
May 4, 2023
3 MIN READAverage wholesale used vehicle prices rose for the second consecutive month in February and well into March. Certified pre-owned (CPO) sales also rose in February despite short supplies of late-model vehicles, as OEMs have expanded their programs to include older models and consumers look for ways to fight inflation.
Episode 9: The EV Revolution and What’s Next for the Auto Insurance Industry
April 17, 2023
Ryan is joined by Damon Aldrich, Enterprise Holdings’ director of EV and infrastructure strategy, for an in-depth discussion on vehicle electrification. Together, they detail how the increase in EV adoption is affecting insurers, auto body shops and even rental car companies. They also identify what factors could hinder future EV market growth and prevent this segment of the car parc from reaching industry projections.
2023 Southeast Collision Conference
Hosted by the Carolinas Collision Association (CCA) and the Washington Metropolitan Auto Body Association (WMABA), the Southeast Collision Conference is back to serve repair shops in the industry. This year’s event will include a premier trade show, education opportunities, and presentations from collision industry leaders.
2023 HD Repair Forum
Dedicated to serving all those involved in the collision repair of heavy- and medium-duty vehicles, the HD Repair Forum provides attendees with a vast network of suppliers and experts, as well as information on the latest industry trends.
NORTHEAST 2023
Providing over 40 years of automotive repair education, technology, equipment, and innovation, the NORTHEAST event returns to offer professionals the opportunity to gain industry knowledge and skills by organizing industry trainings, product demos, and an open-floor exhibition to meet hundreds of vendors to view the latest automotive performance products.
Plugged-In: EV Collision Insights Q4 2022
February 15, 2023
2 MIN READIn 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
February 14, 2023
12 MIN READAs 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.