Learn about the Coronavirus Aid, Relief and Economic Security (CARES) Act and how you can apply for PPP and EIDL Small Business Administration (SBA) loans.
Learn about the Coronavirus Aid, Relief and Economic Security (CARES) Act and how you can apply for PPP and EIDL Small Business Administration (SBA) loans.
Over the last several years, the collision industry has faced unprecedented challenges. Will 2024 produce more of the same?
What keeps carriers and collision repairers up at night? In this episode, Ryan highlights the effect of recent collision claim trends—including rising repair costs, parts supply chain disruptions and advancements in vehicle technology—on the auto insurance ecosystem. He also provides a sneak peek at the four trends to watch for in 2024.
Electric vehicle (EV) repairable claims frequency rose to 1.86% in the U.S. and 3.14% in Canada in Q3 2023—up a modest 0.37% and 0.50% respectively from Q2. Tesla, the world’s largest EV manufacturer, accounted for over 70% of the EVs repaired in North American collision facilities last quarter.
Mitchell released its latest trends report: Plugged-In: EV Collision Insights. This quarter’s report examines total loss frequency for electric and ICE automobiles. In the U.S. and Canada from Q1 to Q3 2023, the EV total loss rate was 7.25% for models 2020 and newer. Luxury ICE automobiles had a rate of 7.47% versus 8.49% for all ICE vehicles.
Mitchell and Mazda North American Operations (MNAO) today announced that they have signed a contract renewal. Under the terms of the contract, Mitchell will continue to serve as program administrator of the Mazda Collision Network in the United States.