CCC News & Insights

March 26, 2024

Crash Course 2024 Tackles Vehicle Complexity

Crash Course 2024 zeroes in on a pressing issue within the auto insurance and collision repair industry, shedding light on the complexities arising from modern vehicle design and technology and the impact it’s having on everything from repair costs and cycle times to claims frequency and casualty costs.

CCC’s comprehensive analysis found that escalating vehicle complexity, combined with rising labor costs, is placing increased pressure on carriers and shops to adapt to a changing landscape as they struggle to keep up with the auto industry’s technology transformation.

The report also provides data and insights across key areas of Auto Physical Damage (APD), casualty, and subrogation, including valuable projections to help industry leaders adapt strategies, mitigate risks, and capitalize on emerging opportunities.

Some of the topics inside Crash Course include:

  • Vehicle economics, the aging car parc, and the affordability crisis.
  • The effects of extreme weather and vehicle theft on losses.
  • Medical care inflation and casualty claims costs.
  • Claims cycle times, costs, and premium increases.
  • Total loss frequency, parts costs, labor rates, EV trends, and so much more!

» Click here to get your copy of Crash Course 2024

Looking for more insight?

Join Crash Course industry analysts and experts Kyle Krumlauf, Erik Bahnsen, and Tim Christ for an insightful webinar on April 16, 2024, as they compress 70+ pages of data into helpful information leaders can use today.

» Click here to register for our webinar

The Crash Course report, which now publishes quarterly, is based on information derived from 300 million claims-related transactions and millions of bodily injury and personal injury protection (PIP)/medical payments (MedPay) casualty claims processed by CCC's customers using the company’s solutions. Below is a snapshot of what you can expect from the Q1 Crash Course 2024 report.