Archive for May 2024

Manheim’s Used Vehicle Value Index (MUVVI) saw a decrease in April 2024, both month-over-month and year-over-year. This signifies a drop in wholesale used car prices. The year-over-year decline was steeper, at 14.0% compared to April 2023. Additionally, all major vehicle segments experienced a decrease in seasonally adjusted prices in April. Compact cars witnessed the biggest…

The TechForce Foundation launched a survey called “Techs Talk” to understand the needs and experiences of aspiring and new technicians, specifically targeting Gen Z and those with less than two years of experience. This aims to address the technician shortage, as the demand is high but many young people are hesitant to enter the field…

Kia and Hyundai cars were the most stolen vehicles in the US in 2023, according to a report by the National Insurance Crime Bureau (NICB). This is a big change from previous years when full-size trucks were typically the most stolen vehicles. The NICB believes social media tutorials showing how to steal Kia and Hyundai…

Progressive’s CEO debated between “maximize” and “optimize” to describe the company’s growth target for the rest of 2024. They decided on “maximize” due to strong first-quarter results and a strategy to take advantage of a still-tight auto market. Progressive believes they are well-positioned for growth due to superior segmentation, allowing them to match rate to…

Keeping a close eye on industry standards and safety regulations, CmySkills couldn’t miss the news about The National Highway Traffic Safety Administration (NHTSA) finalizing a rule requiring automatic emergency braking (AEB) to be standard equipment on all new cars and light trucks by September 2029. This builds on a 2016 voluntary agreement between automakers and…

The Auto Glass Safety Council (AGSC) announced that nine companies have agreed to follow the Auto Glass Replacement Safety Standard (AGRSS) for their ADAS calibration equipment. This means that if used correctly, these tools will calibrate Advanced Driver Assistance Systems (ADAS) according to original equipment manufacturer (OEM) specifications. The AGSC hopes that all ADAS calibration…

State Farm is piloting the Mitchell estimating platform for a select group of their Select Service collision repair centers in Ohio. This test aims to improve customer experience by exploring new ways to write estimates and source parts. The program will leverage Mitchell’s existing integration with PartsTrader, so the current parts sourcing requirement remains unchanged.…

Porsche Engineering has developed an AI-based software called PERL (Porsche Engineering Reinforcement Learning) to streamline the calibration process for modern vehicles. PERL reduces the need for bench tests and test drives, which are time-consuming and expensive. PERL uses deep reinforcement learning to analyze data and suggest optimal calibration settings for various vehicle functions. This allows…