It’s no secret that COVID-19 has had a huge impact on nearly every aspect of society, and insurance companies and car companies are no exception. Shelter in place orders across most states in the month of April drove mileage down 50%. And even as numbers start to improve as states begin to reopen, traffic volume […]
The cost of vehicles has risen as automakers have increased the complexity of vehicles with more safety features, telematics, and other technology. In this month’s edition of Industry Trends, Susanna addresses the consequences of those rising vehicle costs and what it means for your business. To check out the rest of the #CCCTrends series, visit CCC’s […]
CCC Intelligent Solutions and its affiliates (CCC) announced today that State Automobile Mutual Insurance Company (State Auto) is live on the CCC™ X data exchange, activating a broad range of telematics capabilities in support of the insurer’s vision to transform the policyholder experience through innovation. State Auto is using CCC X to connect with CCC […]
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 […]
It has been suggested that the world today is experiencing the Fourth Industrial Revolution, as technologies such as mobile digitalization, artificial intelligence, automation, the internet of things, machine learning, voice recognition and others have begun to merge the physical and digital worlds. Personal mobility is one of many areas undergoing dramatic change, and given that […]
As we head into 2018, automotive and technology companies continue their race towards vehicle autonomy. Daily headlines provide accelerated timelines when autonomous vehicles will be available in large numbers, communicating with one another via vehicle-to-vehicle and vehicle-to-infrastructure communication. To check out the rest of the series visit CCC’s YouTube channel. Download the full PDF here. […]