Trend Tracker

There has been a net increase in the number of bodyshops (core insurance network bodyshops) to 2,743, according to the latest Trend Tracker Report, but with 6,450 jobs per working day in October is this just over two jobs per repairer per day, is this sustainable? "Repairers may need to look wider to fleet and retail work provision if not doing so already," said author of the Report, Paul Sell. From the Report - available in full to Subscribers, here: https://lnkd.in/dakE9JK 15 years ago, there were an estimated 3,840 primary repairers and, over the last decade (2014 to 2024), the number of primary car bodyshops has declined by an estimated further 17%. To get the full picture, read the latest 'UK Motor Claims and Body Repair Report 2024-2025' and the popular series of Monthly Snapshot Reports, from Trend Tracker.

🔌 The number of EV registrations for 2024 stands at 355,552 Hot on the heels of the Trend Tracker 'UK Motor Claims and Body Repair Report 2024-2025', subscribers also have access to the latest November 2024 Market Snapshot Report which includes NEW insight courtesy of Gecko Risk Limited on electric vehicles. Gecko Risk track and monitor movements in the EV market to help stakeholders understand the risks and costs of new energy vehicles ⚡ To see the top 5 EV VMs in October, and the top 10 EV VMs in the last 12 months, check out the Snapshot Report via: https://lnkd.in/ezvH_egv

Data from Trend Tracker Partner, Zapmap, shows 3.94% of all vehicles on the road are electric – a rise from 0.6% in 2020: https://lnkd.in/ehBhR6KN In the new Trend Tracker 'UK Motor Claims and Body Repair Report 2024-2025', we include a dedicated EV Focus section which includes the results of Zap Map's annual survey of EV drivers (1,747 respondents for this edition) with results showing better than ever satisfaction with the EVs among owners (85% said "no way" when asked if they would consider switching back to driving an ICE). The full Report is here: https://lnkd.in/dakE9JK

BIG news today that #DLG has accepted a £3.6bn takeover offer from #Aviva 📈 Check out the latest Trend Tracker Report (link below - free to Subscribers) for more on potential market movements in the insurance sector ⬇️ ⬇️ ⬇️

So many headlines about electric vehicle mandates, sales targets and production figures of late. In the new Trend Tracker Report, Data and Insight Partner, Consumer Intelligence, asked consumers about their intention to buy an electric vehicle and, well, this word cloud is pretty clear and shows there is some way to go to convince consumers - beyond early adopters - to switch to EVs. The Report ➡️ https://lnkd.in/e7ztzcEc

Brilliant data which we delve into for the latest Trend Tracker report - thank you, Jade Edwards, always really interesting insight from Zapmap!

🚒 We are thrilled to welcome back Royal Berkshire Fire and Rescue Service for a hands-on exercise with the latest electric vehicles. Teams from across the county benefitted from access to our cutting-edge EV technology, gaining valuable insights and practical experience of post-impact vehicle safety procedures, helping to ensure they are well-prepared to handle emergencies effectively. #Automotive #AutomotiveIndustry

🚨 2025 is around the corner. Are you ready? Join Ian Hughes, Ann Constantine, and Jeremy Keating as they dive into what’s next for general insurance: 🌟 Future premium trends for motor & home 🌟 Consumer demands shaping tomorrow 🌟 The FCA’s next moves—and how to prepare 🌟 The AI revolution and its industry impact 📅 Monday 9 December | ⏰ 2pm This is your last chance to future-proof your strategy before the new year. Register now: https://hubs.ly/Q02ZMRQw0 #PredictionsWebinar #InsuranceWebinar #EndOfYearWebinar

We recently had the pleasure of hosting a special showcase in collaboration with CHERY, the parent company behind OMODA UK | JAECOO UK. We gave John Evans, special correspondent at consumer motoring magazine Autocar, exclusive access to the event. Catch all the details in John’s latest article, where he dives into how OMODA UK | JAECOO UK are tackling aftersales challenges with our support. 🔗https://lnkd.in/erdfnJJk #Automotive #AutomotiveIndustry

Interesting news on BIG players in the motor insurance market! Recent Association of British Insurers figures show in the last 12 months, in total, insurers paid out £2.9 billion in motor insurance claims – up 18% on £2.5 billion paid in Q2 2023... AND repair costs were 28% higher, totalling £1.9 billion (Trend Tracker UK Motor Claims and Body Repair Report 2024-2025: https://lnkd.in/e-_NGQUC). In the Report we also look at EY data that shows for every £1 collected in premiums, the industry paid out £1.13 in claims and expenses... so are big insurance deals on the horizon as insurers grapple with margins in motor?