Average U.S. repairable severity gap for last quarter was just $729; 85% of parts dollars on BEV estimates are for OEM parts, versus 61% for ICE vehicles.
Posts tagged as “bevs”
Battery electric vehicles were a strong and growing share of new EV sales in the U.S. before 2023, but now the hybrid market is growing faster than BEVs.
Collision facilities are now required to maintain, or expand, existing capabilities and auto insurers need to account for the additional repair operations.
Demand for independent service has increased and it's spurring opportunities for aftermarket parts, driving online parts procurement.
Claims rebound in Q3 from Q2 in the U.S. just as expiring government tax incentives prompted record-breaking sales.
OEM parts remain more frequently used in EV repairs with 83% of the parts dollars represented on estimates versus 63% of parts for ICE alternatives.
Insurers will need to collaborate closely with suppliers and collision repair partners to navigate tariff complexities and prepare for future uncertainty.
