Only Lexus LS Teammate system earned acceptable rating out of fourteen systems tested. The Insurance Institute for Highway Safety is introducing a new ratings program to encourage automakers to incorporate more robust safeguards into their partial driving automation systems. Out of the first 14 systems tested, only one earns an acceptable rating. Two are rated […]
Search Results for: tesla insurance
IIHS Reports Vehicle Manufacturers Fulfilled Autonomous Braking Pledge
All 20 participating automakers have fulfilled a voluntary pledge to equip nearly all the light vehicles they produce for the U.S. market with automatic emergency braking. According to the Insurance Institute for Highway Safety (IIHS), five new manufacturers installed automatic emergency braking (AEB) on more than 95 percent of the light vehicles they produced between […]
New Vehicle Sales Projected Up Over 15% in August Compared to Last Year
J.D. Power and GlobalData forecast fifth consecutive month of double-digit sales growth and record spending on new vehicles. Total new-vehicle sales for August 2023, including retail and non-retail transactions, are projected to reach 1,354,600 units, a 15.4% increase from August 2022, according to a joint forecast from J.D. Power and GlobalData. August 2023 has 27 […]
Mitchell Reports Higher Average Severity for Electric Vehicles
Mitchell, an Enlyte company, today announced the availability of its Q2 2023 report: Plugged-In: EV Collision Insights. The report highlights a continued increase in electric vehicle (EV) repairable claims frequency, which rose to 1.49% in the U.S. and 2.64% in Canada last quarter. It also documents the differences in claims severity, post-accident drivability and collision […]
March Total New-Vehicle Sales Pace Projected to Increase Over Last Year
Pent up demand buoys sales. Spending on new vehicles projected to set Q1 record. Total new-vehicle sales for March 2023, including retail and non-retail transactions, are projected to reach 1,330,700 units, a 6.2% increase from March 2022, according to a joint forecast from J.D. Power and LMC Automotive. March 2023 has the same number of […]
February Total New-Vehicle Sales Projected to Increase as Availability Improves
Consumer spending on new vehicles will set a February record. Total new-vehicle sales for February 2023, including retail and non-retail transactions, are projected to reach 1,117,100 units, a 7.2% increase from February 2022 according to a joint forecast from J.D. Power and LMC Automotive. February 2023 has the same number of selling days as February […]
IIHS Reports Three More Vehicle Manufacturers Fulfill Pledge to Make Autobrake Systems Nearly Universal
A 2016 voluntary agreement between IIHS, NHTSA and 20 manufacturers targeted current model year to equip 95% of their vehicles with AEB systems. Three more automakers have fulfilled a voluntary pledge to equip nearly all the light vehicles they produce for the U.S. market with automatic emergency braking (AEB), according to the Insurance Institute for […]
IIHS Reports Many People Treat Partially Automated Vehicles as Self-Driving
Drivers of advanced vehicles more likely to eat or text while driving. Drivers who use partial automation on a regular basis often treat their vehicles as fully self-driving despite widespread warnings and numerous high-profile crash reports, a new study from the Insurance Institute for Highway Safety shows. Regular users of Cadillac Super Cruise, Nissan/Infiniti ProPILOT […]
Mitchell Estimating Platform to Include Electric Vehicles Enhancements
Mitchell today announced enhancements to Mitchell Cloud Estimating that can simplify the collision damage appraisal process for battery electric vehicles (BEVs). The patent-pending EV enhancements to Mitchell Cloud Estimating will be available later this year. Historically, estimating platforms have not accounted for the design differences between EVs and their internal combustion engine (ICE) counterparts. This […]
State Farm Ventures Among Investors in AI-Computer Vision Company
Nexar’s network of dash cameras collect more images that are being used to create a complete digital twin of U.S. roads. Nexar, an artificial intelligence (AI) computer vision company, announced the completion of a $53 million Series D funding round led by Qumra Capital with the participation of State Farm Ventures, Catalyst Investments, Banca Generali, […]