The ‘shelter-at-home’ directive that took place across most of the U.S. this spring shed new light on just how different ‘home’ is across the U.S., and led to a number of new, enhanced, accelerated or disrupted demographic trends. Time spent commuting to work grew in the last two decades as populations gravitated toward metro areas […]
With numerous public insurers reporting Q2 2020 and first half CY 2020 results, a common theme has emerged. Collision and property damage liability claim frequencies for Q2 2020 were reported down between 20 – 40 percent, while claim severities were reported up between 10 – 20 percent. In this month’s edition of CCC Trends, analyst […]
COVID-19 is dramatically changing driving behavior nationwide. While claims and miles driven are decreasing, one thing has increased – drivers’ appetite for risk. The reduction in U.S. daily trips taken and miles driven resulted in 65 percent less miles traveled in April 2020 versus January 2020. Speeding during COVID-19 increased by 27 percent. In […]
Just how different was Memorial Day 2020 than prior years? For the first time in twenty years, AAA and IHS Markit did not release a projection for 2020 Memorial Day holiday travel volume because the accuracy of the economic data they use to create their forecast was distorted by COVID-19. In this edition of CCC […]
Historically, Memorial Day weekend losses have accounted for “approximately 30 percent of non-comprehensive losses for the full month of May.” In the midst of the COVID-19 crisis, Memorial Day weekend auto trends will likely be very different from prior years. In this month’s edition of CCC Trends, Susanna Gotsch predicts what Memorial Day weekend 2020 […]
In this month’s edition of CCC Trends, Susanna Gotsch analyzes emerging auto accident trends due to COVID-19– from shifts in the total cost of repair, impact on vehicle sales to severe weather. To check out the rest of the #CCCTrends series, visit CCC’s YouTube channel. Download the full pdf here.
In this month’s edition of CCC Industry Trends, Susanna Gotsch analyzes the opportunities and challenges our industry will face as new technology transforms mobility– from autonomous vehicles, voice technology, IoT hardware, 5G connectivity, intelligent automation, industrial software, robotics, semiconductors, extended reality, to quantum computing. Shifting demographics, increased cost of repair, slowing vehicle sales, and changing […]
Did you know that in metro areas, nearly half of trips taken are less than three miles? Micro mobility solutions like shared bikes, e-bikes, and e-scooters are cropping up all over cities with large populations, providing new opportunities for connected data. In this month’s edition of CCC Trends, Susanna Gotsch analyzes the emergence of micro-mobility […]
Repairers are facing numerous challenges and demands from the vehicles themselves, as well as their customers. Consolidation is occurring quickly across all parts of the collision repair industry, as demands for capital investment for training and equipment grows. In this month’s CCC Trends, Susanna Gotsch analyzes changes in the collision repair industry. To check out […]
As we head into the final months of 2019 we start to ask – what can we expect in 2020? In this month’s edition of CCC Trends, Susanna breaks down the trends in claim frequency, vehicle ownership, total cost of repair, and vehicle complexity. To check out the rest of the #CCCTrends series, visit CCC’s YouTube […]