Premiums fall for second successive quarter

Comprehensive car insurance premiums fell six per cent, or £59, between April and June this year.

Car insurance premiums have now fallen for two consecutive quarters after a dip of five per cent in the first three months of 2024, with average annual premiums now £882, according to the latest Confused.com Car Insurance Price Index in association with WTW.

Across the year though, average prices rose 14% (£106).

Tim Rourke, UK Head of P&C Pricing, Product, Claims and Underwriting at WTW, said, “After a sustained period of significant rate increases to counter the high levels of claims inflation, it is interesting to see from this data a change in insurers’ behaviour indicating that premium adequacy may now be sufficient to allow insurers to drop rates.

“However, insurers still face a number of ongoing challenges, including the rising cost of materials and labour, second hand cars and advanced vehicle technology, as well as operating in a changing political landscape.”

Steve Dukes, CEO at Confused.com, added, “It seems after a long period of such steep increases in car insurance prices, the industry is starting to stabilise, adjust to increased claims costs and bring prices down. 

“However, prices are still up year on year, creating opportunities for insurers to grow their customer base and for consumers to save by switching. We’re finding insurers using industry insights and data are able to compete more effectively by increasing the speed at which they reflect changes in the market within their pricing.”

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Silverlake celebrates police service

Silverlake has secured two four-year police contracts from the Automobile Association Developments Contractor Management. 

It has renewed its contract with Sussex & Surrey Police while also winning a new contract with Hampshire & IOW Constabulary.

The contracts will see Silverlake collect vehicles for disposal via recycling or auction once they are released from police storage.

Steve Diaper, Operations Manager at Silverlake said: “We are really proud to have won these prestigious contracts. Our business reputation is built on professionalism, competitive pricing and outstanding customer service. The fact that AADL and Sussex & Surrey Police have relied on our services for 10 years and have just renewed our contract for a further four demonstrates great trust in our operations – that’s hugely rewarding for the team. 

“To then go on to win the contract for Hampshire & IOW Constabulary as well is even further validation, reinforcing our credibility and helping to position us as the automotive recycling partner of choice in the market.”  

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ACIS system deliver on cost-cutting AIMS

An ACIS study during the first half of 2024 has found that bodyshops using its Inventory Management System AIMS have reported a significant reduction in costs per sold hour.

ACIS launched the web-based system in 2022 as a successor to Ascribe. The intuitive handheld scanners record all items booked out from the bodyshop’s  stockroom, accurately reporting costs by technician, department and job number.  

AIMS automatically generates a new purchase order when supplies run low, meaning bodyshops never run out of stock or are overstocked.

John Matthews, ACIS’s CEO, said, “Costs for bodyshops are close to an all-time high so every step of the repair process needs vigilance to maintain profitability. For those who have installed the AIMS system, they quickly see a reduction in their costs per sold hour, directly impacting their bottom line, and if issues arise around product usage, they have multiple reports at their fingertips to quickly identify and address the cause. AIMS really has been a game-changer for many of our customers.” 

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ARC360 News – Friday, 12 July 2024

Bodyshop Briefs

  • Steer Automotive Group has secured carbon neutrality in accordance with PAS 2060 for the second year in a row, after reducing its CO2 emissions by 5.3% last year. Meanwhile, the group has also expanded its PAS 2060 portfolio to include 24 more main sites.
  • Crash Assessor UK has achieved carbon neutrality in accordance with PAS 2060.
  • Komoo Inverness has secured BS10125:2022 certification after achieving 100% compliance in its latest audit.
  • L&I Eaton Liverpool emphasised its commitment to company culture by organising a day of team-building with colleagues taking part in cross-country riding.

Industry News

IIHS-HLDI research finds little evidence that partial automation prevents crashes

Crash records and insurance data offer little evidence that partial automation systems are preventing collisions, research from the Insurance Institute for Highway Safety and the Highway Loss Data Institute shows.

“Everything we’re seeing tells us that partial automation is a convenience feature like power windows or heated seats rather than a safety technology,” IIHS President David Harkey said.

Prasco trebles cooling system parts

Prasco UK has more than trebled the number of individual part numbers it holds for cooling systems over the last 12 months.

It now includes more than 4,000 individual part numbers at its distribution hub in Doncaster, making it the widest range in the UK.

MIB tackles uninsured drivers with joint initiative

Five police forces across the M62 worked in collaboration with the Motor Insurers’ Bureau to tackle uninsured driving. Officers from Greater Manchester, Merseyside, West Yorkshire, Cheshire, and Humberside Police used a number of methods to identify and seize vehicles driven by uninsured drivers.

BASF joins NBRA

ARC360 Corporate Partner BASF has joined the National Body Repair Association and Vehicle Builders and Repairers Association as a Gold Supplier member.

Meanwhile, BASF brand Glusurit has been selected as a preferred supplier by Avant Repair Networks.

SMMT urges government to support industry drive net zero targets

The Society of Motor Manufactures and Traders is urging the new Labour government to use the industry’s decarbonisation success to the UK’s economic advantage, as a new report shows direct carbon emissions from vehicle factories halved over the past 25 years – helping position the country as the ideal place to produce the next generation of zero emission vehicles.

National finalists 2024 announced

Over 400 apprentices and students have advanced to the WorldSkills National Finals.

Competitors have participated in regional competitions at their local colleges, training provider centres, workplaces, or online to secure their place in the WorldSkills UK National Finals, which will take place in Greater Manchester from 19-22 November. 

21,000 vacancies offer enormous career opportunities in automotive

As the sector continues to battle its biggest skills gap in history, the IMI and Toyota GB have joined forces to share the real voices of employees to inspire young adults at a career crossroads, and adults looking for a career change into the industry. The stories are being shared on the ‘There’s More to Motor’ YouTube channel.

IMI finalists announced

The IMI has announced the finalists for its Skills Competition, which will see 24 technicians compete in four categories, Body Repair, Refinishing, Light Vehicle Technology, and Heavy Vehicle Technology, from 18-22 November.

Winners can then go on to represent Squad UK in EuroSkills 2025 in Denmark and WorldSkills International 2026 in China.

New AI safety cameras trial expand across Britain

A trial of new artificial intelligence technology that can identify drivers not wearing their seatbelts will be extended until March.

National Highways is working with 10 police forces to test the technology, which captures images of drivers and then uses AI to identify those without seatbelts or using their phones behind the wheel.

Copart expansion to continue in St Helens

Copart has announced that it will open a new Operation Centre in St Helens. As part of its Land and Expand strategy, the new 19-acre site will provide further storage capacity for up to 24,000 vehicles in the region.

Ben raises awareness around financial support

Automotive industry charity Ben is raising awareness around the support it offers to those facing money worries after receiving nearly 16,000 enquiries and offering more than 600 grants in the last year.

Fix Auto Penzance upgrades wheel refurbishment capabilities

Fix Auto Penzance has invested in a state-of-the-art laser-guided diamond-tipped cutting machine to enhance its alloy wheel refurbishment capabilities.

Owner Stuart Cameron bought the DCR Pro machine from Portsmouth-based DCR Systems after seeing the technology in action at the network’s National Conference sponsors’ exhibition in May.

VM News

Dacia and Swift suffer in new Euro NCAP ratings

Euro NCAP has released new safety ratings for a range of models. The Dacia Duster and Suzuki Swift both achieved just three stars, while the Mercedes-Benz E class, the VW Passat, Skoda Superb and Skoda Kodiaq all achieved five stars

Meanwhile, the BMW x2 and Renault’s Espace and Rafale were rated as five-star twins to 2022-tested cars.

Stellantis extends hybrid range to meet demand

Stellantis has responded to growing customer demand by increasing its range of hybrid models. Thirty models be available across Europe by the end of the year, with six more launched through 2026.

Ford unveils re-imagined Capri

Ford has re-released its iconic Capri, with two powertrain options offering ranges of 390 miles or 370 miles.

It also includes full ADAS features including Blind Spot Information System, Clear Exit Warning, Cross Traffic Alert with Active Braking Driver Alert, Evasive Steering Assist, Front and rear parking sensors, Intelligent Adaptive Cruise Control with Stop and Go, 12 Lane Departure Warning, Lane-Keeping Aid, Pre-Collision Assist, Rear-View Camera, Reverse Brake Assist, Selectable Drive Modes, Traffic Sign Recognition, and Wrong Way Assist.

VWG and Rivian form joint venture to develop EVs

Rivian Automotive and Volkswagen Group have formed an equally controlled and owned joint venture to create next-generation electrical architecture and best-in-class software technology.

Chery Achieves Over One Million Vehicle Sales

Chery Group has reported vehicle sales of 1,100,621 in the first half of the year, up 48% on the same period last year.

People

  • Stephan Surmont has been appointed Group Managing Director of Nationwide Assistance Group.
  • FMG Repair Services has named Kris Hurd as Head of Operations South.
  • Paul Titchmarsh has been appointed as UK forecast manager for cap hpi.

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Prasco trebles cooling system parts

Prasco UK has more than trebled the number of individual part numbers it holds for cooling systems over the last 12 months.

It now includes more than 4,000 individual part numbers at its distribution hub in Doncaster, making it the widest range in the UK.

Its catalogue encompasses compressors, condensers, intercoolers, receiver driers/evaporators and radiators for a vast majority of makes and models, with all items priced up to 70% lower than their OE equivalents.

Kelvyn Waugh, Managing Director of Prasco UK, said, “Being able to react to the demands of the industry is at the core of the service we’re now able to offer. We have long been asked to supply cooling systems and, truth be known, it was an area we needed to invest in. And that is exactly what we have done over the last 12 months. Today, we hold four times the level of products than we did a year ago, a move that ensures we are able to supply parts for cooling systems for most models on our roads today.”

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Fix Auto Penzance upgrades wheel refurbishment capabilities

Fix Auto Penzance has invested in a state-of-the-art laser-guided diamond-tipped cutting machine to enhance its alloy wheel refurbishment capabilities.

Owner Stuart Cameron bought the DCR Pro machine from Portsmouth-based DCR Systems after seeing the technology in action at the network’s National Conference sponsors’ exhibition in May.

He said, “We have been developing our alloy wheel refurbishment proposition for the last four years. When I saw the brand-new DCR Pro unit during our Conference I realised just how efficient it is and how it would improve our own capabilities. It takes our efficiencies and capacities to a whole new level. It is incredibly user-friendly which will enable us to easily train others within the bodyshop team.”

Joel Cameron, Operations Director at Fix Auto Penzance, added, “It is a significant investment and one we really were not planning on making this year. Having witnessed just how efficient and effective the new unit is, the investment is necessary to enable us constantly evolve our proposition.”

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Autonomous vehicles: Renault Group opts for different strategies for passenger cars and public-transport vehicles

A realistic strategy for passenger autonomous cars.

There are six levels of autonomous driving, which depend on the extent to which the automation system requires the driver’s input. They range from 0 (no automation) to 5 (no input). In the case of passenger cars, Renault Group has chosen to concentrate its efforts on Level 2 automation, notably with Active Driver Assist.

This system, which is available on most Renault range vehicles, includes contextual adaptive cruise control, i.e. Adaptive Cruise Control plus Lane Keeping Assist and geolocation data interfacing with mapping data. The vehicle, as a result, adapts predictively to the road’s configuration and speed limit, based on combined data from its front camera and maps.

The next level – where the driver could release the steering wheel and do something else while the car drives itself – is not a priority in the near term.

Over the coming years, the recipe will remain the same: Renault will continue to build vehicles with market-leading driver assistance systems to make mobility ever safer and more enjoyable. Their electric and electronic architecture will remain scalable, so the Group will be able to add autonomous driving features if technological breakthroughs enable them and customer expectations warrant them.

To read the full article: click here.

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Ben raises awareness around financial support

Automotive industry charity Ben is raising awareness around the support it offers to those facing money worries after receiving nearly 16,000 enquiries and offering more than 600 grants in the last year.

In addition, its support services team has provided hundreds of automotive individuals with financial information, advice and guidance while also helping them with the wider impact on their mental health and emotional wellbeing.

This comes after Ben’s research found that 70% of those working in the industry worry about money. This is up 10% on last year.

Rachel Clift, Health & Wellbeing Director at Ben, said, “Cost-of-living pressures are still having a significant effect on many people in our automotive family. As a parent myself, I know that families now face the added costs that the summer holidays bring, as well as the back-to-school expenses. This is why we need to make sure everyone in our automotive industry knows that Ben is here for them.  

“If you’re worrying about how you’re going to afford your food shop or your bills and the effect this is having on your mental or physical health, please get in touch. You’re not alone, Ben’s here for you. The sooner you get in touch, the sooner we can help you get back on track. If you’re struggling or at breaking point, contact our free and confidential helpline today.”

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Dacia and Swift suffer in new Euro NCAP safety ratings

Euro NCAP has released new safety ratings for a range of models.

The Dacia Duster and Suzuki Swift both achieved just three stars, while the Mercedes-Benz E class, the VW Passat, Skoda Superb and Skoda Kodiaq all achieved five stars

Meanwhile, the BMW x2 and Renault’s Espace and Rafale were rated as five-star twins to 2022-tested cars.

Both the Dacia Duster and Suzuki Swift prioritise affordability over safety features. While they meet legislation around autonomous emergency braking, emergency lane-keeping systems, intelligent speed limiters, and driver fatigue detection, they offer little more. 

Meanwhile, the Mercedes-Benz E class, VW Passat, Skoda Superb and Skoda Kodiaq all provide exemplary levels of occupant protection, although the E-Class was close to losing a star against Euro NCAP’s latest protocols around pedestrian protection.

The BMW X2 is rated as five stars against 2022 protocols although it offers only poor pedestrian pelvis protection, with the Renault Espace and Rafale also awarded 2022 ratings.

Dr. Michiel van Ratingen, Secretary General Euro NCAP, said, “This latest release reveals a growing split between the safety ambitions of different car brands.The difference in star ratings is partly due to the segments in which the cars compete, but Euro NCAP also believes it is a matter of a brand’s priorities. 

“Some, like Mercedes-Benz, Škoda, VW, BMW, and Renault, are convinced of their customers’ commitment to safety and its higher worth in the product offering.For Dacia and Suzuki, the emphasis is on affordability, but consumers should be in no doubt that there are competitor vehicles to the Duster and the Swift available on the market, which offer considerably higher levels of safety.”

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Copart expansion to continue in St Helens

Copart has announced that it will open a new Operation Centre in St Helens.

As part of its Land and Expand strategy, the new 19-acre site will provide further storage capacity for up to 24,000 vehicles in the region.

Jane Pocock, CEO of Copart UK and Ireland, said: “We’re passionate about continuously growing and improving our services to customers, so we’re very excited to announce that building works at our new St Helens site are rapidly progressing.

“In line with our Plan-Net-Zero sustainability commitment, the site is being constructed responsibly and designed to be inclusive, energy efficient, and eco-friendly. “Once complete, St Helens will boost vehicle storage capacity for our customers operating in this area of the country by 50%.”

Further land acquisition and expansion of existing sites will continue throughout the year.

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