A YEAR IN REVIEW
In its fourth-quarter report, Crash Course highlights the top trends that impacted the automotive and collision repair industry throughout 2024. According to the report, vehicles seven years or older now make up nearly 45 percent of all repairable claims, up from 35 percent in 2019.The report further notes that miles driven by consumers have increased 0.8 percent year-over-year through the third financial quarter, and up 0.6 percent compared to 2019.
INCENTIVE INSECURITIES
Canadian vehicle manufacturers and auto dealers met on Parliament Hill in Ottawa to formally call for the end of federal electric vehicle sales mandates previously brought into effect by the government in 2023.This call for action to end the mandates comes in the wake of the federal government ending electric vehicle incentives under the federal iZEV program, alongside continued insecurities over developing charging infrastructure. Attendees on Parliament Hill further highlighted the federal government’s failure to secure adequate funding for the transition to electrified transportation that was previously actively promoted by Canadian officials.
REPORTING RISES
The Ontario government has announced that as of January 1, the province’s collision reporting threshold has been increased from $2,000 to $5,000. In a recent report highlighting the regulations and statutes in force for the new year, the government indicates that the motion is specifically intended to “help reduce the administrative burden on drivers, commercial vehicle operators and police services.”
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