This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Despite looming trade challenges, battery electricvehicle (BEV) sales remained strong in the first quarter, making up nine per cent of new vehicle sales in the U.S. Their impact is especially pronounced for BEV manufacturers, and insurers will need to work closely with repair partners to navigate these changes.
Insurance claims, arguably the largest driver of revenue, were down which directly impacted collision topline. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate.
Only seven electricvehicles have received the Insurance Institute for Highway Safety's Top Safety Pick Plus award in 2025. The change happened after the IIHS updated the test criteria for 2025. Another one has managed to get a Top Safety Pick (non-plus) accolade. continue reading. )
The Insurance Institute for Highway Safety (IIHS) has released the preliminary list of vehicles tested according to the 2025 criteria. Only seven MY2025 electricvehicles got the coveted Top Safety Pick Plus award, and no Tesla model is among them. continue reading. )
While there is positive growth in the number of electric and plug-in hybrid electricvehicle sales, the rate of that growth hasn’t climbed the way initially expected. However, with electrified vehicles representing just 16 per cent of global car sales in 2023, the current sales slowdown threatens to derail these climate goals.
Do electricvehicles really offer a lower cost of ownership than gas-powered vehicles? The study analyzed eight cost factors to calculate vehicle cost of ownership: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs. Thats actually up from three the previous year.
Dan Stander “The repair industry faces unprecedented challenges with new vehicle technologies, but there’s an incredible opportunity in how we respond together,” says Stander, whose leadership style emphasizes finding common ground between repairers, manufacturers, insurers, and educators.
The Q1 2025 Cox Automotive Dealer Sentiment Index (CADSI) reports that the U.S. automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. The mix of used-vehicle inventory at the time of the survey was good, according to both franchised and independent dealers.
The automotive industry is experiencing a noticeable shift in consumer behavior and market dynamics, particularly in regard to finance and insurance (F&I) products. The rise of electricvehicles (EVs) and hybrid plug-in sales is another factor shaping the F&I landscape. With 17.3% The survey shows that 19.3%
As we reflect on the 2024 automotive landscape, its clear that dealerships faced a year of significant challenges and transformations, particularly in finance and insurance (F&I). New vehicles, with their advanced technologies and longer warranties, call for a different set of F&I products compared to used vehicles.
Being in a family independent shop, you are responsible for every aspect of the business from marketing to HR to operations, sales, even hiring, firing, negotiating insurance policies just everything you can think of. Fox surmises the chain will have around 250 locations by the end of 2025.
A recent report showed how rising car ownership costs are impacting household budgets and shifting planned 2025 spending. The 2025 State of the American Driver Report , based on a survey of 1,000 drivers, highlighted how people are reacting to the high costs of car ownership. This includes 85 per cent of Gen Z and 75 per cent of Gen X.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content