Data set to unravel EV valuation insights

Derren Martin, Director of Valuations at cap hpi is set to shed light on the evolving dynamics of the electric vehicle (EV) parc at the forthcoming ARC360 specialist EV event.

Taking place on 4 July 2023 at the manufacturing Technology Centre, Coventry – Derren’s data driven session will explore how the UK vehicle parc is evolving, highlighting what this has meant for used EV values over the last, tumultuous few months and what this may lead to for vehicle valuations in the future.

Sponsored by Thatcham Research and ControlExpert, and backed by ARC360 Corporate Partners and Partners, ARC360’s specialist EV event, will convene leading industry experts and key stakeholders from across the motor claims supply chain to debate the implications of an EV future.

From advancements in battery technology and infrastructure developments to changing consumer preferences and government incentives, Derren will delve deep into the dynamics of the electric vehicle market to showcase the complexities of vehicle valuations and the knock-on implications for underwriting and claims management.

Mark Hadaway, co-founder of ARC360 and Managing Director of ILC, said, “ARC360 is known for its high-level insights and forward-thinking discussions. We have fast become a ‘must attend’ event for anyone involved in the sector.

“Having Derren join us, with his unparalleled expertise and insights will provide attendees an invaluable look into the evolving landscape of the EV market and what it means for the sector.”

FNOL, repair capabilities, cost inflation, skillset requirements, health & safety, repairability, vehicle availability and end-of-life vehicle management will be just some of the other key topics to come under the spotlight during the day.

To reserve a ticket visit or to find out more about the opportunities available to get involved in the event and place your brand at the heart of the industry’s evolution, contact jonathan@iloveclaims.com or mark@iloveclaims.com

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ARC360 News – Friday 26 May 2023

ARC360 Market Intelligence: April 2023

ARC360 have released their analytics report, studying the trends of economics and vehicle repairs and sales. A must-read.

Key names revealed for ARC360 EV event

ARC360 has revealed more key industry experts set to join discussions at its forthcoming EV specialist event.

The latest names revealed include:

  • Victoria Turner, CEO, Activate Accident Repair & CCO, Activate Group
  • Erika Woolacott, Managing Director, Fix Auto Mid Devon & Newton Abbot
  • Giovanni Adamo, Senior Engineer, Zego Insurance

Champion award for Gemini MD

Gemini Accident Repair Centre’s Managing Director David Sargeant was named Apprentice Champion on the Year at the Nottingham College Apprentice Awards.

Auto Windscreens unveils ESG logo

Auto Windscreens has emphasised its commitment to sustainability by unveiling a new Environmental, Social, and Governance (ESG) logo that will be used for all related communications.

Roads gone to pot

The AA has reported that it attended 52,000 pothole-related breakdowns in April. That represents a 29% increase on the same month last year.

Meanwhile, pothole-related breakdowns have increased by 23% in the first four months of the year.

Safety to the FORS for Synetiq

UK salvage and dismantling experts Synetiq has achieved bronze accreditation from the industry-wide recognised Fleet Operator Recognition Scheme (FORS) for its Winsford site.

FORS accreditation recognises a commitment to safety.

Top marks

Martin Brown received the GT Motive UK award for achieving the highest marks in practical exams in 2021. He collected the gong at The Institute of Automotive Engineer Assessors 90th Anniversary event.

Double joy for Steer Automotive

Steer Automotive Group Tamworth has achieved BS 10125 compliance.

Meanwhile, the Group is also celebrating after apprentice Dominic Everington was named Apprentice of the Year at the Nottingham College Apprenticeship Awards.

MG Accident Repair celebrates certification

MG Accident Repair Centre has announced that it has become an approved repair for Nissan, meaning its training, tools, facilities and repair methods all meet the vehicle manufacturer’s approval.

Fix Auto Sutton adds badges

Ashfield-based Fix Auto Sutton has announced a double celebration after securing approval from both Toyota and Lexus.

Indasa secures Caramulo contract

Indasa has announced it has become a founding partner of the Caramulo Experience Center, a bodyshop facility specialising in the repair, maintenance and restoration of classic cars and motorcycles.

The multi-year agreement means Indasa products will be used in all their repair and restoration workshops.

UK manufacturing reaching crisis point

UK manufacturing is facing a skills crisis with too many people leaving the industry and training and recruitment falling behind.

This is according to the Manufacturing Excellence report commissioned by WorldSkills UK in partnership with BAE Systems and undertaken by the Learning & Work Institute, which urged manufacturers to ‘change the narrative’ to appeal to younger people.

IMI issues HGV safety warning

The IMI has warned that the repair and maintenance of heavy goods vehicles in the UK faces safety-critical challenges due to a lack of skills.

It has written to the Education Secretary calling for a review of funding for HGV apprenticeships.

Automotive output springs forward

Car manufacturing increased for the third month in a row in April with the Society of Motor Manufacturers and Trader reporting a 9.9% increase to 66,527 units.

Meanwhile, commercial vehicle output is nine per cent up year-to-date after a 33% surge in April to 10,504.

Cap report makes promising reading

The latest car market overview produced by cap HPI has revealed an automotive industry in recovery mode.

The report said, “Demand remains steady. The uncertainty of the May Bank Holidays will not be repeated, which could lead to an uptick in activity.”

Date set for Fix Auto Conference 2024

Fix Auto UK has announced that next year’s National Conference will take place on 8-9 May at The Vox, within The Resorts World near Birmingham.

EV sales enjoy double-digit growth

Data released by PwC has revealed that EV sales in the UK grew by over a fifth in the first quarter of 2023 to make up 53% of the sales market.

Double-digit year-on-year growth was recorded in January (18%), February (25%) and March (24%), with hybrids accounting for 32% of all EVs sold, followed by battery (15%) and plug-in (six per cent).

Traffic volumes exceed pre-Covid levels

The Department of Transport has reported that traffic levels in early May were higher than they were pre-pandemic.

Its figures revealed that traffic volumes on Friday 5 May were three per cent up on those recorded in the first week of February 2020.

People

Graham McDermid has been named Regional Network Manager at LV=.

Collision Repair Group has appointed Nick M as Head of UK Operations.

Allianz has announced that Personal Lines CEO Steve Treloar and Chief Financial Officer Fernley Dyson are both stepping down.

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Traffic volumes exceed pre-Covid levels 

The Department of Transport has reported that traffic levels in early May were higher than they were pre-pandemic. 

Its figures revealed that traffic volumes on Friday 5 May were three per cent up on those recorded in the first week of February 2020. 

They were also three per cent higher than traffic levels registered on Friday 6 May in 2022. 

However, the figures also revealed a marginal dip in weekday traffic at the start of this year. It found that during the weeks from 11 April to 8 May weekday usage was recorded at between 93% and 103% of the pre-Covid baseline. 

This compares to pre-Covid weekday travel levels of 96% to 101% between 14 March and 10 April. 

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EV momentum growing across Europe 

Data released by PwC has revealed that EV sales in the UK grew by over a fifth in the first quarter of 2023 to make up 53% of the sales market. 

Double-digit year-on-year growth was recorded in January (18%), February (25%) and March (24%), with hybrids accounting for 32% of all EVs sold, followed by battery (15%) and plug-in (six per cent). 

Meanwhile, the 10 largest European markets reported a combined 22% growth in EV sales, with 1,232,000 units sold in the first three months of the year. 

Cara Haffey, Head of Automotive at PwC UK, said, “The research findings highlight clear consumer momentum in the UK electric vehicle market, as motorists demonstrate their desire to make the switch to electric vehicles. The fact that hybrid electric vehicles are the preferred choice in the UK above fully electric BEV models, at least currently, could perhaps point towards some of the developing factors and talking points in the market, such as how best to expand UK charging infrastructure and addressing both charge and range ‘anxiety’ felt by current or aspiring EV motorists. 

“The challenge for government and policymakers is to work out how to maximise the charging infrastructure quickly across cities and rural locations, as the assumption that everyone can access a charging point easily is a false one.” 

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Date set for Fix Auto Conference 2024 

Fix Auto UK has announced that next year’s National Conference will take place on 8-9 May at The Vox, within The Resorts World near Birmingham. 

Themed ‘Momentum’, the event will include a sparkling speaker line-up and celebrate outstanding achievements within the Fix Auto network.  

Ian Pugh, Managing Director for Fix Auto UK, said: “Every year we boldly claim our National Conference is the best ever and this year is no different. We were supported by the highest number number of sponsors and guests who were enthralled and entertained by our guest speaker line up. But it doesn’t happen by chance, an incredible amount of time, energy and thought goes into making our annual conference happen but it has to start with a target date and, we are pleased to say, our 2024 event will take place over two days commencing on May 8th so, please save those dates if you’re interested in joining us.” 

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Key names revealed for ARC360 EV event

ARC360 has revealed more key industry experts set to join discussions at its forthcoming EV specialist event.

The latest names revealed include:

  • Victoria Turner, CEO, Activate Accident Repair & CCO, Activate Group
  • Erika Woolacott, Managing Director, Fix Auto Mid Devon & Newton Abbot
  • Giovanni Adamo, Senior Engineer, Zego Insurance

The specialist event, sponsored by Thatcham Research and backed by ARC360 Corporate Partners and Partners, which takes place on 4 July 2023 at the Manufacturing Technology Centre, Coventry will bring together leading industry experts and key stakeholders from across the motor claims supply chain to debate the implications of an EV future.

Mark Hadaway, co-founder of ARC360 and Managing Director of ILC, said, “ARC360 is known for its high-level insights and forward-thinking discussions. The level and range of expertise joining discussions at this specialist EV event makes it a ‘must attend’ event for anyone involved in the sector.”

FNOL, repair capabilities, cost inflation, skillset requirements, health & safety, repairability, vehicle availability and end-of-life vehicle management will be just some of the other key topics to come under the spotlight during the day.

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Continental introduces autonomous parking feature

Continental has introduced hands-free parking to its autonomous driving platform.

The technology, developed by Israeli-based Imagery, enables the vehicle to explore a parking lot, identify a parking space, and then park the vehicle without the driver touching the steering wheel. It uses motion planning, a deep neural network that learns to drive by imitating human behaviour, meaning it can make data-driven decisions based on its surroundings and therefore navigate new environments.

However, the driver must still be in the vehicle and decide when to engage the autonomous valet parking feature.

Amiss Toyed, Head of Partnerships and Innovation at Continental Business Area Autonomous Mobility, said, “Imagery’s technology approach is a great add-on to Continental’s software stack solutions for assisted and automated driving. We are impressed by the talented and highly motivated Imagery team and we are looking forward to jointly realize new automated parking features.”

Errand Fir, CEO at Imagery, said, “Autonomous parking is just the first step in the path to full autonomous driving. The capabilities of our mapless system extend easily to the open road, enabling the vehicle to operate freely in geographic areas which were previously unknown to it.”

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ARC360 News – Friday 19 May 2023

Known-unknowns of EVs set to test sector

ARC360’s specialist electric vehicle (EV) event is set to discuss the known-unknowns for the vehicle incident repair sector as the vehicle parc transitions to an electric future.

FNOL, repair capabilities, cost inflation, skillset requirements, health & safety, repairability and end-of-life vehicle management will be just some of the key topics to come under the spotlight on Tuesday 4 July at the Manufacturing Technology Centre (MTC) in Coventry.

ILC joins Vella celebrations

ILC’s John Hutchinson recently joined other industry luminaries including AkzoNobel to help The Vella Group Repair Centres celebrate becoming an LV= General Insurance Sole Site and the first ElectriX approved bodyshop in the network.

Gemini claims coveted award

Gemini Accident Repair Centres has been named Auto Repair Company of the Year in the Central England Prestige Awards.

Solera enhances analytics solutions

Solera has unveiled a new feature to help companies control their data and pick out the insights relevant to them. As part of the Solera Analytics platform, the solution will enable managers to create custom reports and delivery schedules.

Copart Cares with continued commitment

Copart is marking Learning at Work Week by highlighting its training and development initiatives.

This includes company-wide Carbon Literacy Training, a Leadership Programme that has now been rolled out to 170 managers, a Driver Academy and the nearly £500,000 invested into apprenticeship schemes.  

Shine! Sparkles with audit success

Shine! UK has successfully passed a BS10125 audit. Shine! is a national network of mobile cosmetic vehicle repair technicians.

Shoreham Vehicle Auctions celebrates EVA status

Shoreham Vehicle Auctions has become the first company in the sector to secure Electric Vehicle Approved (EVA) status.

Developed by the National Franchised Dealers Association and the Energy Saving Trust and endorsed by the Office for Zero Emissions, the initiative recognises a commitment to sustainability and environmentally-friendly operations.

Thatcham Research showcases safety

Thatcham Research hosted senior leaders from Allianz and LV= recently to showcase the value of its research into safe, secure and sustainable mobility.  

All the fours

Four colleagues from S&G Response are embarking on a four-day bike ride across four counties in an effort to raise upwards of £10,000 for the East Cheshire Hospice.

Jonathon, Sean, Tom, and Nick will take on the 444km challenge from Calais in France to Cologne in Germany from 1-4 July.

Synetiq service tackles slow repair times

Vehicle recycling company Synetiq has unveiled a new supply and fit service to support insurance customers facing a sharp rise in catalytic convertor theft claims.

The service aims to overcome the supply chain delays that have increased repair and claim times.

Harvey earns UK call-up

Steer Automotive Group’s Miguel Harvey will represent Team UK at EuroSkills, which takes place in Gdansk, Poland from 5-9 September.

He is part of a 20-strong team taking part in the prestigious skills event and will compete in the car painting category.

HGVs deliver the goods

UK registrations of HGV vehicles are just 2.9% below pre-pandemic levels after sales grew 17.1% in the first quarter of 2023. According to the Society of Motor Manufacturers and Traders (SMMT), this is the fourth consecutive quarter of growth.

Meanwhile, the UK’s new bus and coach market fell by 0.6% in the first quarter of 2023.

Right-hand drivers left out

Tesla has announced it will suspend the production of right-hand drive Model S and Model X vehicles for the foreseeable future.

Used EV values plummet

The average price of a used electric vehicle has fallen £4,000 since January and £9,000 since last July, according to new figures from Auto Trader. However, the overall used car market reported a 3.6% year-on-year increase in May, with average prices now £17,946.

Rare Rover to be auctioned by Ben

Automotive charity Ben will auction a unique 1993 Rover 216 Honda cabriolet at Automechanika Birmingham on 7 June.

Just one of 207 in existence, the car was restored by Louise Baker, Company Director of Womanic, and Rachel Murray and travelled over 1,500 miles as part of renowned car rally challenge, Bangers4Ben.

Meanwhile, Ben has responded to the rise in mental health issues by compiling a check-list of warning signs that employers can look out for.

People

Mark Pearce has been named MET Team Leader at Thatcham Research.

Thatcham Research has announced that Matthew Avery will leave Thatcham Research after 35 years. He is joining Euro NCAP, For Safer Cars.

BASF will launch new Automotive OEM Coatings Solutions and Automotive Refinish Coatings Solutions businesses in August, led by Patrick Zheng Yu Zhao and Chris Titmarsh respectively.

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Rare Rover to be auctioned by Ben

Automotive charity Ben will auction a unique 1993 Rover 216 Honda cabriolet at Automechanika Birmingham on 7 June.

Just one of 207 in existence, the car was restored by Louise Baker, Company Director of Womanic, and Rachel Murray and travelled over 1,500 miles as part of renowned car rally challenge, Bangers4Ben.

Louise said, “Not many people know, but automotive can be a stressful profession. Ben is there for anyone in the industry who are struggling with their health and wellbeing, whether that’s mentally, financially or physically. So come along to the Ben stand at Automechanika and have your chance to take this one-of-a-kind car home.”

Ellen Plumer, Head of Marketing and Outreach at Ben, said, “We can’t thank Louise and Rachel enough for all their hard work fundraising for Ben with this brilliant banger. We hope to see many of our automotive family there at our Automechanika stand and we’re looking forward to seeing who takes the car home!”

Ben will be at stand F114 at Automechanika Birmingham, which takes place at the NEC from 6-8 June.

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