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Plugged-In: EV Collision Insights Q4 2022
In 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.
Mitchell Publishes Electric Vehicle Collision Insights Report
SAN DIEGO, Calif.—Mitchell, an ¶¶ÒõÆƽâ°æ company and leading technology and information provider for the Property and Casualty claims and Collision Repair industries, today announced the availability of its latest trends publication: Plugged-In: EV Collision Insights. The new quarterly report provides auto insurance and collision repair executives with up-to-date information on electric vehicle claims and market data.
Average Length of Rental for Repairable Vehicles: Q4 2022
As 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.
Current Used Vehicle Market Conditions: Q4 2022
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.
The Future of Paintless Dent Repair
Learn how this eco-friendly repair method is gaining support, underscoring the need for technology, training and professional standards.
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.