Industry Trends Live Q1 2012

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Mitchell industry webinar. Trends for the auto collision repair and auto physical damage insurance industries.

Mitchell industry webinar. Trends for the auto collision repair and auto physical damage insurance industries.

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  • 1. Industry Trends Report Wrap-upGreg HornVice President, Industry RelationsFebruary 2012
  • 2. Agenda for Today: • An update on the Property Casualty Industry • New Car sales, used car used car sales • An update of Mitchell’s latest KPI’s • Recap of this quarter’s feature article • Rust in Peace • New Auto Technology2/10/2012 | Page 2 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 3. Property Casualty Financials • The P & C insurance industry saw net income after taxes fall to under $8 Billion for the first nine months of 2011, about 60% less than the prior year. • The industry’s combined ratio climbed to 109.9 in the first nine months of 2011 compared to 101.2 in 2010.| Page 3 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 4. Collision Paid Claim Frequency Per 100 Cars 5.9 5.85 5.8 5.75 5.7 5.65 5.6 5.55 5.5 5.45 5.4 5.35 Through Q3 20112/10/2012 | Page 4 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 5. Comprehensive Paid Claim Frequency Per 100 Cars 7.2 7 6.8 6.6 6.4 6.2 6 5.8 5.6 5.4 Through Q3 20112/10/2012 | Page 5 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 6. Property Damage Paid Claim Frequency Per 100 Cars 3.6 3.55 3.5 3.45 3.4 3.35 3.3 3.25 Through Q3 20112/10/2012 | Page 6 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 7. Mitchell Key Performance Indicators| Page 7 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 8. | Page 8 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 9. Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 10. Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 11. | Page 11 Confidential and Proprietary. ©2011 Mitchell International, Inc.
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  • 14. | Page 14 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 15. Parts use by model year| Page 15 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 16. The Number of parts by part type by model year| Page 16 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 17. The dollars spent by part type by model year| Page 17 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 18. U.S. Vehicle sales data| Page 18 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 19. New vehicle sales for 2011 • Globally, Car makers sold 77.7 Million vehicles • That’s 8,900 vehicles every hour! • US sales are headed for full-year 2011 volume of about 13.4 million vehicles, 10 percent higher than 2010| Page 19 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 20. What is the top selling luxury brand in the US?• BMW’s U.S. sales rose 15 percent to 26,834 in December, for an annual total of 247,907• Mercedes said its sales last month climbed 28 percent to 25,701, pushing its tally for the year to 245,192.• U.S. sales at Lexus dropped 13 percent last year to 198,552 units - - the first time volume dropped below 200,000 units since 1999. Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 21. Used vehicle sales• Used vehicle sales totaled 38,792.169 for all of 2011, up 5.2 percent from the prior year.• December volume surged 11.98 percent, to 3,142,513.• The year, as a whole saw a surge in private party, or consumer-to- consumer, sales, especially in the final months of 2011. Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 22. Electric Vehicles in the future • A survey by KPMG of global auto maker executives finds a nominal increase for electric vehicle sales over the next 13 years. • However, most of the executives surveyed believe the industry will continue putting larger investments into EV technology -- just in case. • Nearly Two-thirds of the executives surveyed believe that combined hybrid and electric-vehicle sales will account for as little as 6 percent of the market in the U.S. and Western Europe by 2025. KPMG’s survey of automaker CEO’s| Page 22 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 23. Rust in Peace| Page 23 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 24. Rust in Peace- Vehicles that died in 2011| Page 24 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 25. Rust in Peace| Page 25 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 26. | Page 26 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 27. | Page 27 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 28. Rust in Peace| Page 28 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 29. The Detroit Auto Show highlights| Page 29 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 30. But one car model didn’t die, but should have| Page 30 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 31. New Ford Fusion| Page 31 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 32. 2012 Dodge Dart| Page 32 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 33. 2012 Hyundai Elantra| Page 33 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 34. Your vote for car of the year: A. Ford Fusion B. Dodge Dart C. Hyundai Elantra| Page 34 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 35. New vehicle technology| Page 35 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 36. Volkswagen to help avoid speed traps The traffic signs recognition system being developed by Volkswagen Group Research receives a signal from each applicable road sign and sends an audible and digital message to the driver.Image courtesy Volkswagen Gruppe GMBH | Page 36 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 37. Ethanol Boosted Direct Injection • Automotive technology specialist Ricardo has developed a technology that optimizes ethanol-fuelled engines to a level of performance that exceeds gasoline engine efficiency comes close to diesel engines. Ethanol Boosted Direct Injection (EBDI), takes advantage of ethanol’s best properties higher heat of vaporization • Current E85 engines are about 30% less efficient than running on regular 87 octane fuel| Page 37 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 38. Active Sound exhaust system Although Pontiac created a muffler bypass for the GTO back in 1970; German company Eberspächer Eberspächer “Aktiv Sound” has created an adjustable exhaust sound system. Using a steering wheel mounted volume control, you can adjust the exhaust system sound Images courtesy Pontiac GTO Club and Wirtshafts Woche| Page 38 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 39. Upcoming events • Orlando, FL- PPG Platinum distributors conference February 23rd • Naples, FL- Mitchell Property Casualty conference, March 18-20 • Maui, HI- Standox Partnership in Excellence conference, March 28-30 • Phoenix, AZ- Toyota Motor Sales Conference, May 8-9 • Scottsdale, AZ- Parts, Body & Equipment Sales conference, May 16-17| Page 39 Confidential and Proprietary. ©2011 Mitchell International, Inc.
  • 40. • Sign up the Industry Trends Report and look for my articles in the following publications Confidential and Proprietary. ©2011 Mitchell International, Inc.