New vehicle transaction prices up over last year. Tariffs likely to increase used vehicle prices. Total new-vehicle sales for March 2025, including retail and non-retail transactions, are projected to reach 1,525,200, a 9.6% increase from March 2024 according to a joint forecast from J.D. Power and GlobalData. March 2025 has 26 selling days, one fewer […]
EPA Deregulation Announcement Promises Major Impacts on the Auto Industry
The Environmental Protection Agency (EPA) on March 12 announced what it described as the most significant deregulatory action in U.S. history. Spearheaded by Administrator Lee Zeldin, the agency is set to roll back a series of emissions regulations that, according to the administration, have imposed economic burdens on industries, including the auto sector. The announcement […]
Mitchell Reports Collision Claims Increased by More Than 30% for BEVs Last Year
Average severity plateaued and total losses increased. Mitchell, an Enlyte company, announced the latest release of its Plugged-In: EV Collision Insights report. This edition features an overview of the most notable annual trends in battery electric vehicle (BEV), mild hybrid electric vehicle (MHEV) and plug-in hybrid electric vehicle (PHEV) collision claims. Following a second year […]
Allianz UK Warns Automotive Businesses of Rising Risks and Costs of EV Battery Fires
The severity of electric vehicle (EV) battery fires is increasing within the automotive industry, with insurers and businesses facing costly claims. Allianz UK is urging automotive businesses to recognize the risks associated with lithium-ion batteries and take proactive steps to mitigate them. According to Allianz, lithium-ion batteries, the power source for EVs, pose unique fire […]
Sean Duffy Sworn In as Secretary of U.S. Department of Transportation
First act was to start process to reset fuel economy standards. Sean Duffy was officially sworn in as the 20th Secretary of the United States Department of Transportation (USDOT) January 28. Secretary Duffy was administered the oath of office by U.S. Supreme Court Justice Clarence Thomas at the U.S. Supreme Court and was joined by […]
GM Recalls 2025 Chevy Equinox EV for Adaptive Cruise Control Software Defect Increases Crash Risk
General Motors, LLC (GM) has issued a recall for 2,890 Model Year 2025 Chevrolet Equinox EV all-wheel drive electric vehicles due to a malfunction in the adaptive cruise control system. The issue arises from incorrect brake module software, which may prevent the system from engaging the brakes as expected, thereby increasing the risk of a […]
Enlyte’s Trends Report Examines Year of Generative AI
As the use of generative AI continues to expand, 2025 is poised to be the year this technology significantly starts to change how Americans live and work. This is especially true in the P&C industry, as companies strive to balance efficiency and costs with investments in systems, training and change management. To help position insurance […]
December and Full Year U.S. Light Vehicles Sales Up
The year finishes with highest monthly new vehicle sales rate since May 2021. New light-vehicle sales finished the year strong in December, leading to a full-year sales total of 15.85 million units—an increase of 2.2% compared to 2023 according to the National Automobile Dealers (NADA) Market Beat report. The December 2024 seasonally adjusted annual rate […]
November New Light-Vehicle Sales Exceed Projections
Sales at highest rate since May 2021. Alternatively fueled vehicles nearly 20% of new vehicles sold this year. New light-vehicle sales in November 2024 beat expectations with a monthly SAAR of 16.5 million units, the highest since May 2021 according to the National Automobile Dealers Association (NADA). November’s SAAR also increased 6.7% from November 2023, […]
SEMA Urges President-Elect Trump to Reject EV Mandates
Responding to an active effort to convince President-elect Trump to retain the Biden-Harris Administration’s tailpipe rules and forgo a key campaign promise to halt electric vehicle mandates, the Specialty Equipment Market Association (SEMA) urged the incoming Administration to stay the course and reject widely unpopular electric vehicle mandates. SEMA’s letter to the President-elect follows a […]
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