Amica Mutual Ranks Highest in Auto Insurance Claims Satisfaction. The volume of vehicle collisions is returning to pre-pandemic levels and, when combined with all-time-high repair costs, historic backlogs in repair shops and limited replacement parts availability, it is costlier and more time-consuming than ever to get customers’ vehicles back on the road after a collision. […]
J.D. Power Study Finds Collision Intervention Technologies are Among Most Problematic ADAS Technologies
Inaugural study raises concern that innovative features need to be improved before vehicle autonomy can be increased. Advanced Driver Assistance Systems (ADAS) account for 13% of total industry problems with 23.1 PP100 (problems per 100 vehicles), according to the inaugural J.D. Power 2022 ADAS (Advanced Driver Assistance Systems) Quality and Satisfaction Study, released yesterday. Specifically, […]
New Vehicle Sales Projected Down in August on Selling Day Basis
Vehicle inventory continues to restrain sales. New-vehicle retail sales for August 2022 are expected to decline when compared with August 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 980,400 units, a 2.6% decrease compared with August 2021 when adjusted for […]
July New-Vehicle Sales Remains Constrained by Supply Chain Issues
Sales pace is basically limited to the number of vehicles delivered to dealers each month as demand remains strong. Transaction prices and dealer profits remain at record levels. New-vehicle retail sales for July 2022 are expected to decline when compared with July 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
J.D. Power ChromeData and Ford Partner to Expand Build Data Coverage
J.D. Power ChromeData, the provider of vehicle data and software solutions, announced an agreement with Ford Motor Company to utilize Ford, Lincoln and Mercury build data to further enhance the ChromeData Vehicle Description Services. “Ford’s initiative to utilize its build data to help dealers, lenders and other industry partners will bring more clarity in understanding […]
Coalition Unveils Expanded, Updated Recommendations for Universal Terms for Advanced Driver Assistance Technology
A coalition of the nation’s leading experts in automobiles and auto safety—AAA, Consumer Reports, J.D. Power, National Safety Council, PAVE, and SAE International—released a set of expanded and updated recommendations for universal terms for advanced driver assistance system (ADAS) features. The six overarching categories on the list are collision warning, collision intervention, driving control […]
USAA Receives Highest Overall Score for 23rd Year in a Row from J.D. Power for Auto Insurance Satisfaction
USAA achieved the highest overall score in the J.D. Power 2022 U.S. Auto Insurance Study. With an overall score of 881, USAA scored above 45 other property and casualty insurance companies included in the study. This is the 23rd year in a row that USAA has achieved the highest score for auto insurance satisfaction. USAA […]
New Vehicle Sales Projected to Decline Again in June Compared to Last Year
New-vehicle transaction prices projected at all-time high. New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% decrease compared with June 2021 when adjusted […]
J.D. Power Reports Industry-Wide Auto Insurance Rate Increases Force New Approaches to Customer Retention
Usage-based auto insurance takes center stage as satisfaction flatlines. A record high number of serious collisions, skyrocketing used-vehicle prices and surging repair costs have created an unenviable scenario for auto insurers: raise rates or go out of business. It should come as little surprise that the J.D. Power 2022 U.S. Auto Insurance Study, released today, […]
J.D. Power Acquires UK-Based Data and Predictive Analytics Provider to Bolster Automobile Repair and Warranty Data Sets
J.D. Power announced that it has acquired the data and predictive analytics business of We Predict, the UK-based provider of global automobile service and warranty analytics. We Predict’s software, which is used by auto manufacturers and suppliers to project future component failures and future warranty claims and costs, will be leveraged by J.D. Power to […]
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