Analysts are projecting that the increasing volume of used vehicles would lead to a dramatic fall in prices. Yet, despite a moderation in residual values as used vehicle supplies have grown, the average wholesale and retail used vehicle value has grown. Why is that? Susanna Gotsch, Director and Industry Analyst at CCC Intelligent Solutions analyzes […]
Hurricane Florence may be just the first of several major storms to make landfall in the U.S. during hurricane season in 2018, but its impact will be significant. This month, Susanna will assess that impact because the Atlantic hurricane season may yet turn out to be an above-average year. To check out the rest of […]
When people discuss the vast amount of change anticipated in personal mobility, they often use an acronym “ACES” to categorize the changes: “A” for autonomy; “C” for connected; “E” for electrification, and “S” for shared. Each of these categories has the potential to drive immense change in how people use and own transportation in the […]
U.S. auto sales for the first six months of 2018 were stronger than many analysts originally anticipated, but were driven in large part by growth in fleet sales while retail sales were essentially flat. To check out the rest of the series visit CCC’s YouTube channel. Download the full pdf here.
Repair cycle time and length of rental have seen steady increases over the last several years. Within the industry the primary explanation used to explain these increases is growth in vehicle and repair complexity; which preliminary comparison of vehicle repair cost to cycle time would seem to bear out. To check out the rest of […]
Vehicles per household in the U.S. have returned to pre-recession levels, and numerous other factors such as strong employment, more miles driven, population growth, etc. continue to drive up the number of vehicles involved in accidents annually in the U.S. Estimates from the National Safety Council and CCC suggest that we are nearing about 24 […]
According to the National Highway Traffic Safety Administration, over 37,000 lives were lost in the U.S. in 2016 from motor vehicle fatalities, an increase of 5.6 percent from the prior year. The largest increases occurred among pedestrians and cyclists (see Figure 1). Pedestrian fatalities grew from 11 percent of all traffic deaths in 2006 and […]
Over the last several decades, automakers and safety groups changed vehicle design to improve the overall crashworthiness of vehicles. These updated vehicles do a better job of protecting vehicle occupants from injury and fatality, and have lower repair costs from redesign of vehicle components such as bumpers. More recently, technology designed to avoid a crash […]
With economic recovery and cheap gasoline prices, more people have taken to the road again. This increase in miles driven can be expected to drive up auto claim frequency – a key concern. Although miles driven are expected to grow further, projections from the FHWA suggest the rate of growth will slow in the next […]
A quick comparison of older and newer models of vehicles whizzing by on America’s motorways can quickly illustrate just how much vehicle technology and styles have changed – not only are newer model bigger, but their designs are predominantly sleeker. As automakers have added content to their vehicles to improve vehicle safety and meet consumer […]