CCC Information Services Inc. has announced the availability of the autumn update to its 2012 Crash Course Report. The report, which looks at the key drivers and trends impacting the automotive claims and collision repair industries, has updated analysis and projections on the topics that have the greatest impact on the repair and auto insurance market, including the total cost of repair, loss costs and total loss frequency.
“As we look at the first half of 2012, many of the trends and business drivers impacting the industry have remained steady,” said Susanna Gotsch, lead analyst for CCC Information Services. “One area we continue to watch closely is the effect the aging vehicle population will have on insurers and repairers. Vehicles aged seven years or older have the greatest likelihood of being totaled. At mid-year 2012, 47 percent of vehicles on the road meet that criteria, driving total loss frequency up overall, which we expect to continue into 2013.”
The Crash Course autumn update also includes pertinent information on the macro and micro trends that have an impact on the daily lives of collision repairers and insurers, including vehicle sales statistics and accident and claim frequency.
To download a copy of the update to CCC’s Crash Course Report, visit www.cccis.com and click on the "Productivity and Perspectives" link.