Average Length of Rental for Repairable Vehicles: Q4 2018
Average Length of Rental (LOR) for Q4 2018 landed at 12.7 days in the United States, an increase of .3 days compared to Q4 2017. This is a departure from the flat year-over-year results in Q2 and Q3. Once again, there was very little consistency between regions and states, suggesting the quarterly result for the U.S. is not reflective of a genuine national trend.
OEM Efforts to Promote Environmental Stewardship
According to the Environmental Protection Agency (EPA), transportation contributes 27% of all greenhouse gas emissions in the United States. Much of this pollution comes as a result of carbon monoxide (CO) and nitrous oxide (NOx) emissions in addition to other hydrocarbons and particulate matter. With the potential for an increase in Corporate Average Fuel Economy (CAFE) requirements looming on the horizon, automakers have been focused on improving the fuel efficiency of their fleets with increasing commitments to electric vehicle production.
Current Used Vehicle Market Conditions: Q4 2018
Average wholesale prices in December fell on a year-over-year basis for the second month in a row and for the seventh time in 2018, supporting our expectation of general price softening due to supply growth. Supply growth is increasingly concentrated in the truck segments, which consequently saw greater price softening in December than did cars.
Six Questions with Olivier Baudoux on Automation in Claims and Collision Repair
In the Auto Physical Damage division, which is the division that I oversee from a product strategy standpoint, we’re focused on transforming the consumer experience so everything we do is centered around this mission. After an accident, it can take anywhere from a few days to potentially weeks or months to get settlement of a claim.
Connected Car Data: Your Vehicle's True Emissions
We live in a world where the process of simply getting from point A to point B has been completely transformed. A study conducted by IBM shows that 73 percent of OEM executives rated mobility services as a significant area of value creation for them and their consumers. The concept of the connected car is a critical aspect of this new mobility ecosystem. The connected car has radically changed the way drivers interact with their vehicles.
Average Length of Rental for Repairable Vehicles: Q3 2018
Average Length of Rental (LOR) for Q3 2018 landed at 12 days in the United States which is even compared to Q3 2017. This is the second consecutive year that Q3 LOR has been flat versus the prior year. Once again, there was very little consistency between regions and states, suggesting that the quarterly result for the U.S. is not reflective of a genuine national trend.
Current Used Vehicle Market Conditions: Q3 2018
Strong retail sales supported used vehicle values in October, as wholesale prices recovered from declines in September.