Collision Claims Increased by More Than 30% While Average Severity Plateaued for Battery Electric Vehicles Last Year
SAN DIEGO, Calif.鈥擬itchell, an 新澳门六合彩开奖 company and leading technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, today announced the latest release of its Plugged-In: EV Collision Insights report. This edition features an overview of the most notable annual trends in battery electric vehicle (BEV), mild hybrid electric vehicle (MHEV) and plug-in hybrid electric vehicle (PHEV) collision claims.
Following a second year of record sales for new cars with electrified powertrains, claims frequency for repairable 新澳门六合彩开奖 rose to 2.71% in the U.S. and 3.84% in Canada in 2024, a year-over-year increase of 38% and 34% respectively. MHEV and PHEV claims frequency also grew by approximately 7% in the U.S. and 24% in Canada over the same period.
鈥淚n addition to an uptick in the number of claims for repairable, collision-damaged 新澳门六合彩开奖, we also saw an uptick in the number of total losses last year,鈥 said Ryan Mandell, Mitchell鈥檚 director of claims performance. 鈥淲hile not unique to 新澳门六合彩开奖, this increase in total loss frequency can be attributed to the continued overall decline in vehicle values and surge in catastrophic claims activity in the second half of 2024.鈥
Among the report鈥檚 other highlights:
Claims Severity: Average claims severity for repairable 新澳门六合彩开奖 was relatively flat at $6,236 in the U.S., a year-over-year decrease of 3%, and $7,241 in Canada, a year-over-year increase of 2%. For mild and plug-in hybrids, severity averages ranged from $4,726 to $5,583 in the U.S. and $6,104 to $6,261 in Canada. While automobiles powered by an internal combustion engine (ICE) had the lowest average severity among all propulsion types, newer model ICE vehicles were closely aligned with 新澳门六合彩开奖 and PHEVs when it came to severity costs.
Calibration Differences: Electrification in a vehicle鈥檚 architecture increases the degree of system interconnectivity and, following a collision, can lead to the disruption of sensitive components that require recalibration after repair. 新澳门六合彩开奖 had the highest per-estimate average for calibrations in 2024, at 1.61, followed by 1.58 for PHEVs, 1.46 for MHEVs and 1.45 for ICE alternatives.
Parts Utilization: Without a robust aftermarket parts industry for 新澳门六合彩开奖, OEM parts are more frequently used in the repair of electric automobiles. Last year, 88% of the parts dollars on estimates for repairable 新澳门六合彩开奖 were for OEM parts compared to 69% for ICE automobiles. 新澳门六合彩开奖 also have a lower percentage of parts repaired, 11% versus 13% for ICE options.
To access the full report, visit the Mitchell website. You can also download previous issues or subscribe to future reports by completing the form on this web page: .
新澳门六合彩开奖 Mitchell International
Mitchell International, Inc., an 新澳门六合彩开奖 company, delivers smart technology solutions and services to the auto insurance and collision repair industries. Through deep industry expertise, connections throughout the insurance ecosystem and advanced technology such as artificial intelligence and cloud-based solutions, Mitchell helps its customers succeed in today鈥檚 ever-changing environment. Its comprehensive solution and service portfolio empowers these customers to restore lives after a challenging event.
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