CCC Crash Course Autumn Update Available
Report Examines Costs, Key Trends and Market Dynamics Impacting the Automotive Claims and Insurance Industries
Chicago, IL. October 17, 2012 – CCC Information Services Inc. announced today 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 with 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 affect 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, please visit: www.cccis.com and click on the Productivity and Perspectives link.
CCC Information Services Inc.
CCC brings together what matters most – insight to make the best decisions, connections into the largest auto claims network and superior productivity through an innovative single platform. Founded in 1980, CCC is the nation’s leading provider of advanced software, workflow tools and enabling technologies to the automotive claims and collision repair industries. Its client base includes more than 350 insurance companies and more than 20,000 repair facilities. CCC also delivers the most comprehensive, best-in-class industry insight by leveraging data captured from the millions of transactions processed through its network, and the forward-looking, trusted advisor perspective of its people. You can find out more about CCC Information Services Inc. by visiting the company’s web site at www.cccis.com.