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Date Submitted: 03/28/2011 10:30 PM
Decade of Evolution in the Automotive Claims Industry
April 2010 CCC Information Services Inc.
CCC Information Services Inc. - Confidential
Synergies
Technology
Industry
Organization
2
CCC Information Services Inc. – Confidential
Evolution of Industry
Automotive Industry
Big 3 to Medium 6 Challenges of a global marketplace
Auto Insurance Industry
Market share shift to big insurers Shrinking market – fewer claims
Collision Repair Industry
Shrinking market – fewer repairs Market shift – fewer shops overall
3
CCC Information Services Inc. – Confidential
Economy in recession
Source: Haver Analytics/NBER
4
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Auto Industry Shakeup
6 million fewer vehicles sold in 2009 versus 2000
Percent Change in New Vehicle Sales: 2009 vs. 2008 15% 10% 5% 0%
Ford/Lincoln/Mercury Chrysler LLC American Honda BMW Group Hyundai-Kia Kia Daimler AG
-17.8% -20.2% -21.2% 8.9%
VW Group
Toyota
General Motors
-5% -10% -15% -20% -25% -30% -35% -40%
Source: Automotive News 5
Nissan
-5.1%
-20.3%
-19.5% -19.1%
-16.2% -29.9% -35.9%
CCC Information Services Inc. – Confidential
Total
Market Share Shifting
Source: Automotive News 6
CCC Information Services Inc. – Confidential
Shrinking U.S. vehicle population
Source: Earth Policy Institute
7
CCC Information Services Inc. – Confidential
Some vehicles stand the test of time
Top Selling Vehicles – Decade in Review CY 2000 1 2 3 4 5 6 7 8 9 10 Ford F-series Chevy Silverado Ford Explorer Toyota Camry Honda Accord Ford Taurus Dodge Ram Ford Ranger Honda Civic Ford Focus CY 2009 Ford F-series Toyota Camry Chevy Silverado Toyota Corolla Honda Accord Honda Civic Nissan Altima Honda CR-V Ford Fusion Ram Pickup
Source: MotorTrend February 2010
8
CCC Information Services Inc. – Confidential
Evolution of Industry
Automotive Industry
Big 3 to Medium 6 Challenges of a global marketplace...