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
The global auto insurance market is undergoing a profound transformation , driven by rising trade barriers, escalating costs, and accelerated technological innovation. These forces are placing mounting pressure on insurers, repair shops, OEMs, and fleet operators. insurers have adopted generative AI in at least one function.
North Dakota has decided to buck a trend in the way states approach automotive insurance issues. Most states discourage auto insurance companies from directing their policyholders to certain auto body shops. Lawmakers in North Dakota went in another direction. ” Senate Bill (SB) 2374 would overturn that bulletin.
Polly has announced the launch of its new Professional Insurance Platform at NADA 2025 to empower dealerships to monetize the insurance process and improve gross profits. The announcement comes as Polly prepares to showcase these updates at the 2025 NADA Show in New Orleans.
Insurance claims, arguably the largest driver of revenue, were down which directly impacted collision topline. If a vehicle gets too expensive to repair, insurance companies are more likely to write it off, depriving the market of revenue. Many independent shops went out of business.
The auto technology companys Q1 2025 edition of Plugged-In: EV Collision Insights noted that BEVs continue to see the highest average repair costs $7,026 in Canada though that figure dropped seven per cent from the previous quarter. and 10 per cent in Canada. Collision claims for repairable BEVs also increased, hitting 4.48
The Insurance Institute for Highway Safety (IIHS) has released the preliminary list of vehicles tested according to the 2025 criteria. The Insurance Institute for Highway Safety (IIHS) has recently updated the test criteria for 2025, making it more difficult to score the coveted Top Safety Pick award, let alone the much strict.
Only seven electric vehicles 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.
Polly announced the results of its 2025 Embedded Auto Insurance Study , offering a deeper look into the shifting priorities of car buyers. As the cost of car ownership stabilizes at record highs, new consumer trends are reshaping the car-buying landscape with embedded insurance emerging as a vital component.
The insurance industry is at a pivotal moment, driven by emerging technologies, constantly shifting customer needs, and global challenges. Insights from PricewaterhouseCoopers ( PwC ) report: Insurance2025 and Beyond , highlight five key trends that are driving transformation in the sector. trillion by 2025.
Source How can you ensure you receive the lowest insurance rates possible? Successfully navigating insurance quotes presents challenges since errors during the process can lead to annual costs of hundreds to thousands of dollars. Given that auto insurance rates are projected to increase by 7.5% Not providing enough information.
According to Polly’s Q4 2024 Embedded Auto Insurance Report , auto insurance rates stabilized in 2024 after two years of steep increases. The average in-dealership insurance quote averaged $199 per month in 2024, a stark contrast to the volatile swings of prior years that saw insurance rate increases vastly exceed inflation.
He brings more than 10 years of experience in government relations, most recently serving as the chief advocacy officer for the National Association of Professional Insurance Agents (PIA). MEMA is at a critical point as we prepare to engage with a new administration and the 119th Congress in 2025,” said Ana Meuwissen.
The Insurance Institute for Highway Safety has recently awarded the 2025 Hyundai Santa Fe its top safety accolade for 2025. Although it aced four crashworthiness tests, including the updated moderate overlap front and side tests, the family-sized crossover didn't excel in two particular areas. continue reading. )
How economic uncertainty will impact auto service The mechanical automotive service market in Canada faced significant challenges in 2024 and appears poised for continued turbulence as we head into 2025. Looking ahead to 2025, political uncertainty in Canada will likely continue to influence the sector.
According to the Insurance Institute for Highway Safety, the 2025 Audi Q6 e-tron is Top Safety Pick+ material. To earn this accolade, the Audi-branded twin of the Porsche Macan Electric has aced every single crashworthiness, avoidance, and mitigation test the nonprofit organization threw at it.
The Insurance Institute for Highway Safety isn't pleased with the G80's performance in the updated moderate overlap front crash test. Instead of good or acceptable, the 2025 Genesis G80 couldn't do better than marginal.
The redesigned QX80 has been recently been tested by the Insurance Institute of Highway Safety in four distinct scenarios, of which the updated moderate overlap front and updated side impact evaluations are considered the toughest. As expected of the newcomer, it aced every single one of said crashworthiness tests. continue reading. )
The Insurance Institute for Highway Safety has recently tested the redesigned Camry. Based on the front-biased platform of its predecessor, the hybrid-only 2025 model aced six of seven tests to earn the nonprofit organization's Top Safety Pick+ accolade. continue reading. )
In a major step towards sustainability, F&P, the Danish trade association for insurance companies and pension funds, has expanded its strategic partnership with Solera. This means every insurer across Denmark can track and offset the carbon emissions created through different processes in a vehicle’s life span – including Scope 3.
According to a recent study that analyzed insurance claims, Subaru, Ram, Tesla, and BMW drivers are among the worst in the United States. The Japanese automaker Subaru is coming third in this shameful. continue reading. )
Everyone was talking about how insurance rates impacted auto sales in 2024. Whats also true is that insurance doesnt have to kill the deal. In fact, auto insurance can be a deal maker and even a deal sweetener. Rising insurance costs could actually help dealers save buyers money when they need it most during the deal.
Myth #4 – Insurance Wont Cover Hail Damage Repairs Some drivers worry that their insurance wont cover hail damage repair. In reality, most comprehensive insurance policies already factor in hail damage coverage as part of your premium, especially in high-risk areas like North Texas.
Kia refreshed the mid-size crossover in late 2023 for 2024, but alas, the hybrid and plug-in hybrid will reach dealers nationwide as 2025 models. Regarding the combustion-only 2024 Kia Sorento, the Virginia-based Insurance Institute for Highway Safety found little in the way of issues with it. continue reading. )
Data collected for the image from the 2025 NADA Logistics Report, Central Dispatch Market Data, and FMCSA Carrier Guidelines 2. Dealerships can also check if it offers liability insurance to cover vehicle damage, theft, and fire damage costs. For luxury cars, dealerships should also consider supplemental insurance in 2025.
Slotted between the Soul and Sportage, the Kia Seltos was facelifted for model year 2025. First of all, we should explain that the nonprofit organization uses four distinct ratings, thos. continue reading. )
Moreover, while EVs generally require less maintenance, the potential for expensive battery repairs has led to higher insurance premiums, further dissuading cost-conscious consumers. The slowdown is particularly concerning for automakers in Europe, where stricter emissions targets will come into effect in 2025.
roads began 2025 with expired registration tags. In addition to the legal penalties, the company said expired tags can also complicate issues in accidents, potentially affecting insurance claims. If youre driving in New York, Florida, Washington or Georgia, you might want to double-check to make sure your car tag is up to date.
” survey this past October, a statistic unchanged from the same survey a year earlier, which was the first to ask about shops’ billing (and insurers’ payment) practices related to the procedure. That’s up five percentage points from 2023. The results of previous surveys are also available online ( [link] ).
The automotive industry is experiencing a noticeable shift in consumer behavior and market dynamics, particularly in regard to finance and insurance (F&I) products. Looking deeper into 2025, dealers are recognizing the need for additional support to adapt to these challenges. The survey shows that 19.3%
Check Out Our 2025 Dallas Hailstorm Guide Why Early Spring is the Best Time for Hail Inspections in Dallas North Texas’s location within “Hail Alley” makes us particularly susceptible to these destructive ice storms, with hail season in Dallas typically peaking between March and May.
Building on its legacy of supporting dealer performance and growth, JM&A Group is bringing its extensive expertise to help improve performance in every corner of the dealership at NADA 2025. Rolling out in Q1 2025, the program leverages RockEDs expertise in mobile micro-learning and gamification with JM&As extensive F&I knowledge.
According to the Insurance Institute for Highway Safety, the small crossover isn't worth anything higher than poor despite acing every other crashworthiness test. The redesigned Kicks isn't exactly safe for the rear occupant in the updated moderate overlap front crash test scenario. continue reading. )
Case in point, a global survey by Solera found that 75% of drivers are willing to switch insurance providers for a greener policy. Corporate Sustainability Reporting Directive (CSRD) now underway, requiring companies to report on sustainability, with a phased-in approach beginning in 2025.
Beyond the visual damage, the stress of finding a trustworthy auto hail repair shop and navigating the insurance labyrinth can feel overwhelming. Rental Car Fees While your insurance might cover a rental car, there are often limitations. Our expert team takes on the burden of dealing with your insurance company directly.
The automotive data firms 2025 Electric Vehicle Cost of Ownership Analysis found 44% of the 54 EV models studied had a lower total cost of ownership over five years than a similarly equipped gasoline alternative a drop from 49% in the 2024 study. Do electric vehicles really offer a lower cost of ownership than gas-powered vehicles?
Explore Our 2025 TX Hailstorm Guide Tip #4: Check Weather Alerts to Plan Ahead One of the best ways to avoid hail damage is to stay informed. Tip #5: Consider Adding Comprehensive Insurance Coverage If you live in a hail-prone area, comprehensive auto insurance can be a lifesaver. Get A Free At-Home Estimate Today!
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. 22% of dealers noted that the cost of vehicle insurance for consumers is holding back their business.
Mavsign’s integration with RouteOne integration transforms the vehicle transaction process by integrating RouteOne’s finance and insurance platform with Mavsign’s advanced remote signing and verification capabilities, delivering unparalleled efficiency and security.
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.
According to the Insurance Institute for Highway Safety, the 2025 model isn't worthy of more than acceptable in the updated moderate overlap front crash test and the updated side impact test. The very popular Nissan Rogue isn't as safe as crossovers from this segment can be.
The Insurance Institute for Highway Safety has recently tested a group of eight vehicles, including the 2025 model year Genesis GV70 and the 2024 model year Genesis Electrified GV70. As far as crashworthiness is concerned, the IIHS tested the internal combustion and electric si. continue reading. )
Welcome to 2025! The employer-paid portions of Social Security, Medicare, and unemployment taxes are also deductible, along with various employee benefits like health insurance and retirement plan contributions. As a new year begins, its time to start thinking about taxes.
EpicVIN summarized the Corolla as long-lasting and durable, with an average annual maintenance cost of $380, far below the average of about $1,475 a year for a 2025 model vehicle. If 2025 calls for a low-maintenance vehicle, think about brands with good reputations for reliability, like Toyota, Honda, Hyundai and Kia.
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