On an unadjusted volume level, S&P Global Mobility projects November U.S. light vehicle sales to reach 1.31 million units, growth of 6% from the year ago level. This would translate to a seasonally adjusted rate (SAAR) of 15.9 million units, on trend with the 16.0 million unit mark realized in October. “Retail sales are showing […]
Mitchell Reports Primary Point of Impact Contributing to Differences in Claims Severity for Battery Electric and Internal Combustion Engine Vehicles
The latest Mitchell data shows that gasoline-powered automobiles are more likely than their electrified counterparts to sustain costly front-end damage in an accident. Mitchell, an Enlyte company, announced the release of its Q3 2024 Plugged-In: EV Collision Insights report. This issue provides an overview of the point-of-impact and severity differences between repairable battery electric vehicles […]
Electric Vehicle Sales Mark Another Record in Q3
Higher incentives and more choices lead to growth in U.S. EV sales. According to new estimates from Kelley Blue Book, electric vehicle (EV) sales in the U.S. grew by 11% year over year in the third quarter and reached record highs for both volume and market share. According to the latest counts, an estimated 346,3091 […]
CCC Reports Total Cost of Repair Up 3.7% in First Half of 2024
Third quarter Crash Course report explores trends impacting auto claims and collision repair. CCC Intelligent Solutions Inc. (NASDAQ:CCCS) today published its Crash Course Q3 2024 Report, identifying the key trends that will shape the auto claims and collision repair industry in 2025. The report examines pressing challenges such as the impact of inflation and labor […]
Park Outside Warning Issued for Recalled Jeep Grand Cherokee and Jeep Wrangler PHEVs for Fire Risk
The National Highway Traffic Safety Administration (NHTSA) announced that Chrysler has issued a new recall for more than 154,000 model year 2020-2024 Jeep Wrangler plug-in hybrid electric vehicles and model year 2022-2024 Jeep Grand Cherokee plug-in hybrid electric vehicles (PHEVs) due to a risk of fire while parked or driven. Vehicles should be parked outside […]
Vehicle Manufacturers Slowing EV Investments
S&P Global Mobility Auto Intelligence reports that in 2024, sales of battery electric vehicles (BEV) settled to single-digit growth. Though BEV demand continues to grow, the mismatch between naturally progressing demand and automaker forecasts set the world on edge. According to the report, given the billions invested and being deployed in the transition, concern is […]
U.S. Consumers Less Likely to Purchase an EV Than Last Year
An increase in interest for hybrid vehicles, however, shows a new pathway to EV adoption. The fifth iteration of the EY Mobility Consumer Index (MCI), a global survey of almost 20,000 consumers from 28 countries, found that despite record U.S. consumer interest in electric vehicles (EVs) in 2023, only 34% of U.S. consumers intend to […]
BMW and Toyota Partner on Hydrogen Fuel Cell Electric Vehicle Development
The BMW Group and the Toyota Motor Corporation are pooling their innovative strength and their technological capabilities to bring a new generation of fuel cell powertrain technology to the roads. Both companies share the aspiration of advancing the hydrogen economy and have extended their collaboration to push this locally zero-emission technology to the next level. […]
Ford Slows Rollout of Electric Vehicles
Vehicle manufacturer cancels fully electric SUV, expects to take up to $1.9 billion in special charges and write downs. Broadens electrification strategy to include more hybrid vehicles. Ford Motor Company announced it is adjusting the company’s North America vehicle roadmap to offer a range of electrification options designed to speed customer adoption – including lower […]
Mitchell Reports Battery Electric Vehicle Collision Claims Continue to Rise Despite Sales Slowdown
Claims frequency for repairable battery electric vehicles has jumped 45% in the U.S. and 39% in Canada year-over-year while increasing more gradually for hybrids. Mitchell, an Enlyte company today published its Q2 2024 Plugged-In: EV Collision Insights report. This edition features the latest U.S. and Canadian claims data on battery electric vehicles (BEVs), mild hybrid […]
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