Five Automotive Trends to Watch in 2021
None of us could have predicted the events of 2020 and their impact on the automotive industry. A disruption in the export of Chinese parts, manufacturing delays in Europe, the short-term closure of U.S. assembly plants and a significant drop in sales volume can all be blamed on COVID-19. Despite these challenges, however, the industry continues to demonstrate its resilience. From OEMs producing personal protective equipment to dealerships launching online purchasing options, the automotive sector is finding new ways to move forward. So what can we expect in 2021? Here are five trends that we’re watching and that you should be aware of as you prepare for the New Year.
IBIS Partner in the Spotlight Interview [Webcast]
1 MIN READ
In this webcast, the International Bodyshop Industry Symposium (IBIS) interviewed Debbie Day, executive vice president and general manager of Mitchell's Auto Physical Damage division, and Olivier Baudoux, senior vice president of global product strategy and artificial intelligence.
Silver Linings in 2020 [Video]
Watch Alex share some silver linings from 2020, with recommendations on how to leverage this year’s positive trends to help you find greater success.
Average Length of Rental for Repairable Vehicles: Q2 2020
The quarterly LOR summary is produced by Enterprise Rent-A-Car. Through its ARMS® Automotive Suite of Products, Enterprise provides collision repair facilities with free cycle time reporting with market comparisons, free text/email capability to update their customers on vehicle repair status, and online reservations. More information is available at armsautosuite.com.
ADAS Vehicles Are Here...But Are You Ready?
From pedestrian detection to lane departure warnings, Advanced Driver Assistance Systems (ADAS) are quickly becoming standard. Today there are nearly 64 million automobiles with ADAS on U.S. and Canadian roads. While the added safety features are designed to protect consumers by reducing accidents and fatalities, they introduce new challenges for collision repairers. Among the biggest obstacles to a proper repair are training and technology.
Partnering to Transform the Claims Journey
Peanut butter and jelly. Bacon and eggs. Coffee and cream. It’s hard to imagine one without the other. In fact, most would agree that they’re better together than apart. When it comes to business, the same can be said of great partners. Through shared vision and collaboration, successful partnerships have the power to delight customers, meet market needs and spark long-lasting transformation with the introduction of new, innovative solutions. Like any other market, the automotive insurance sector is dependent on fruitful alliances, especially those that use technology to enhance the claims process.
Current Used Vehicle Market Conditions: Q2 2020
Building on a May rebound, wholesale prices in June rose by nearly 10% month-over-month.