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While EV Sales Slow, Insurance Claims Rise

Brake & Front End

and Canadian claims data on battery electric vehicles (BEVs), mild hybrid electric vehicles (MHEVs) and plug-in hybrid electric vehicles (PHEVs) — highlighting how differences in their complexity and construction are affecting claim costs and repair operations. and $5,302 in Canada, according to the report.

Insurance 130
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While EV Sales Slow, Insurance Claims Rise

Tomorrow's Technician

and Canadian claims data on battery electric vehicles (BEVs), mild hybrid electric vehicles (MHEVs) and plug-in hybrid electric vehicles (PHEVs) — highlighting how differences in their complexity and construction are affecting claim costs and repair operations. and $5,302 in Canada, according to the report.

Insurance 130
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U.S. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious

AutoSuccess

The profit index, for example, increased for the first time since Q3 2021. With moderate incentives since 2021, dealers consistently describe their current OEM new-vehicle incentives as small. Conversely, the used-vehicle sales index remains under the 50 threshold, indicating a weak market. Visit coxautoinc.com.

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Cox Auto’s Car Buyer Journey Study Shows Satisfaction with Car Buying Improved

AutoSuccess

Cox Automotive ‘s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. At 80%, new electric vehicle (EV) buyers continue to report the highest levels of satisfaction with the process.

Car 80
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Dealers’ Optimism on Rise, says Cox Q4 2024 Dealer Sentiment Index

AutoSuccess

automobile dealers. “It is the best fourth quarter since 2021, which was the most profitable quarter in dealer history.” Franchised dealers, who sell both new and used automobiles, are more optimistic than used-only independent dealers, with an index score of 50. Views of the U.S.

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High Interest Rates, Slow Economy Repress U.S. Auto Dealer Sentiment

AutoSuccess

After hitting an all-time high in Q2 2021 of 67, the current market index has been sliding downward. The overall profits index hit an all-time high two years ago, at 60 in Q3 2021, and has been sliding ever since. The used-vehicle sales environment, conversely, continues to be viewed as poor by most automobile dealers in the U.S.

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U.S. Auto Dealer Sentiment Improves in Q1, Market View Remains Weak

AutoSuccess

After peaking at 60 in 2021, the profitability index has continued to decrease, hitting a post-pandemic low for the second straight quarter in Q1, indicating most dealers see profits as weak, not strong. .” Vehicle Sales Environment Improves from Q4 But Remains Below Year-Ago Levels According to U.S. automobile dealers.