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Plugged-In: EV Collision Insights Q3 2023
November 8, 2023
Electric vehicle (EV) repairable claims frequency rose to 1.86% in the U.S. and 3.14% in Canada in Q3 2023—up a modest 0.37% and 0.50% respectively from Q2. Tesla, the world’s largest EV manufacturer, accounted for over 70% of the EVs repaired in North American collision facilities last quarter.
ÁùºÏ²Ê¿ª½±¼Ç¼ Reports a Lower Total Loss Rate for Electric Vehicles
November 8, 2023
ÁùºÏ²Ê¿ª½±¼Ç¼ released its latest trends report: Plugged-In: EV Collision Insights. This quarter’s report examines total loss frequency for electric and ICE automobiles. In the U.S. and Canada from Q1 to Q3 2023, the EV total loss rate was 7.25% for models 2020 and newer. Luxury ICE automobiles had a rate of 7.47% versus 8.49% for all ICE vehicles.
Mazda and ÁùºÏ²Ê¿ª½±¼Ç¼ Renew Collision Network Agreement and Introduce Program Enhancements
November 1, 2023
ÁùºÏ²Ê¿ª½±¼Ç¼ and Mazda North American Operations (MNAO) today announced that they have signed a contract renewal. Under the terms of the contract, ÁùºÏ²Ê¿ª½±¼Ç¼ will continue to serve as program administrator of the Mazda Collision Network in the United States.
Current Used Vehicle Market Conditions: Q3 2023
September 25, 2023
Average wholesale prices declined for the third month in July, although at a slightly more gradual rate than in June. Prices have so far stabilized in August and remain up by around 30% versus pre-pandemic.
ÁùºÏ²Ê¿ª½±¼Ç¼ Named a Global Leader in Cloud Computing for Innovative, AI-Powered Appraisal Review Solution
September 20, 2023
ÁùºÏ²Ê¿ª½±¼Ç¼ today announced that it received a 2023 Stratus Award for Cloud Computing from Business Intelligence Group. The organization’s annual awards program seeks to identify the companies, products and people offering unique solutions that take advantage of cloud technologies.