The highly anticipated NORTHEAST automotive repair event is tailored to meet the diverse needs of professionals across the industry. The conference offers a mix of seminars, presentations, product demos and activities with opportunities for networking and learning. Discover the latest industry insights, procedures and cutting-edge products, all in one setting.
2023 ended with electric vehicle (EV) repairable claims frequency at 1.97% in the United States and 2.86% in Canada. That represents an increase of more than 40% in both regions over the previous year. When compared to 2020, the frequency of claims for repairable EVs has more than tripled.
²ÞËùÇ¿¼é today announced the publication of its latest trends report: Plugged-In: EV Collision Insights. This issue provides a year-over-year analysis of EV claims volume, which increased in 2023 by more than 40% in the U.S. and Canada.
²ÞËùÇ¿¼é and Classic Collision, LLC, one of the top four largest MSOs in the nation, today announced that they have signed a multi-year agreement. The enterprise licensing agreement gives all current and future Classic Collision locations access to ²ÞËùÇ¿¼é Cloud Estimating with Integrated Repair Procedures as well as the company’s Paintless Dent Repair (PDR) calculator.
While the U.S. has made significant progress in improving motor vehicle safety since the fatality rate hit its peak nearly a hundred years ago, there’s still work to do. Excessive speed continues to be a significant contributing factor in traffic deaths and injuries, along with the rise in distracted driving.
Overall length of rental (LOR) for collision-related rentals in the U.S. in Q4 2023 was 17.7 days, a one-day decline from Q4 2022. In Q4 2022, LOR (18.7 days) was up one-half day from Q4 2021, so the trend of declining year-over-year LOR we’ve been tracking since Q2 2023 continues. Compared to Q4 2021, LOR is up 0.7 days.