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 […]
CIECA Forms Electric Vehicle and Battery Committee
The Collision Industry Electronic Commerce Association (CIECA) announced the formation of a new Standards Development Committee focused on Electric Vehicles (EVs) and electric batteries. The committee will be chaired by Frank Phillips, senior manager-Certified Collision North America for Rivian, Jake Rodenroth, North American Body Repair Program operations manager for Lucid Motors, and Ginny Whelan, senior […]
Gas-Powered Cars Cheaper to Fuel than Electric in Late 2022
According to a report by the Anderson Economic Group, the drop in gas prices gave the cost advantage back to ICE-powered vehicles for the first time since the second quarter of 2021. The fourth quarter brought relief at the pump for drivers of traditional Internal Combustion Engine (ICE) vehicles as the cost to drive 100 […]
Mitchell Publishes EV Collision Repair Insights Report
Mitchell, an Enlyte company, today announced the availability of its latest trends publication: Plugged-In: EV Collision Insights. The new quarterly report provides auto insurance and collision repair executives with up-to-date information on electric vehicle claims and market data. In 2022, EV sales hit a tipping point, representing 5.6% of all new vehicles sold according to […]
Hyundai Announces EV Subscription Program that Includes Insurance
Hyundai Motor America in partnership with Hyundai Capital America announced its new Evolve+ electric vehicle subscription service at the 2023 Chicago Auto Show. This new service provides flexibility and affordability to the consumer who wants to drive Hyundai’s newest electric vehicles without committing to a purchase or longer-term lease. Evolve+ is a month-to-month subscription service […]
US Department of Labor and Mercedes-Benz USA Announce Job Corps Partnership to Train EV Technicians
Initial program will take place at four campuses in Kentucky, Massachusetts, New Jersey and Utah. To help meet the need for auto technicians in the growing electric vehicle industry, the U.S. Department of Labor today announced a national partnership with Mercedes-Benz USA to train Job Corps students initially at centers in Kentucky, Massachusetts, New Jersey […]
NTSB Chair Raises Concerns About EV Crash Safety and Road Fatalities in Keynote Address
Says higher curb weight of electric vehicles presents safety risk for all road users. In a keynote speech to the Transportation Research Board annual meeting January 11, National Transportation Safety Board Chair Jennifer Homendy reminded transportation leaders why they do what they do. “We’re fighting for the 43,000 people who die on our roads annually…and […]
Affordability Top Consumer Concern on EV Adoption
According to the Deloitte LLP 2023 Global Automotive Consumer Study, consumers in the U.S. and other global markets are more flexible to EV changes in the automotive sector but concerns about cost and trust still impact growth of EV adoption. The report is based on a survey of more than 26,000 consumers from 24 countries […]
Americans Will Pay 16% More for Auto Insurance by the End of 2023
According to Insurify report, after a 9% increase in 2022, prices are projected to rise another 7% by the end of next year. The average American driver will pay nearly $1,900 for car insurance in 2023, as insurance rates continue to rise across the country. This is according to the Insurify 2022 Auto Insurance Trends […]
Honda’s Next-generation Driver Assistance Technologies Will Be Standard in U.S. by 2030, Fuel Cell Vehicle Production in Ohio Starting in 2024
Honda announced plans to expand the capabilities of its previously announced Honda Sensing 360 and Honda Sensing Elite advanced safety and driver assistive systems. The improved Honda Sensing 360 system will begin rolling out in the 2nd half of the decade and will be standard on all new Honda and Acura models in the U.S. […]
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