CCC Insight Thought Leadership Publication examines demographic changes

Jan. 1, 2020
An aging population along with an increase in the percentage of immigrants driving recent U.S. population growth could impact the automotive claims and collision repair industries.

An aging population along with an increase in the percentage of immigrants driving recent U.S. population growth could impact the automotive claims and collision repair industries. "A Changing Horizon: The Impact of Age and Ethnicity on the Auto-Physical Damage Industry," written by CCC Information Services Inc. Lead Analyst Susanna Gotsch examines these factors.

"In the next ten years, our country could experience a historical first of having four distinct generations working side-by-side: Generations X and Y, the Baby Boomers and the parents of Baby Boomers," said Gotsch. "This is coupled with estimates that 40 percent of the new growth in U.S. population is from new immigrants. It is interesting to look at what kind of impact these factors will have on things like claim frequency and severity patterns."

The areas Gotsch examines include:

-- Shifts in the location of high growth regions;

-- A change in marketing to a changing demographic;

-- An aging workforce;

-- The potential shift in vehicle mix.

To access the free document, go to http://ccc.cccis.com/pages/industry_insight/146.php and fill out the registration form. Upon completion of the form, a link will be sent to your e-mail address directing you to the document.

Sponsored Recommendations

Access Carside OEM Repair Data with MOTOR TruSpeed

Now available on all Autel MaxiSYS Ultra Series tools, MOTOR TruSpeed Repair delivers expanded OEM service and repair data within days of being published by

ADAS Case Study: From 10 Calibrations a Month to Over 10 A Day

Originally published by Vehicle Service Pros, March 26, 2024

Autel MaxiTPMS TS900: 3-in-1 TPMS Tablet

Originally published by Tire Review, April 4, 2024

Ask The Expert: The Basics & Benefits of Bringing ADAS Calibrations In-house

Originally published by Vehicle Service Pros, March 26, 2024

Voice Your Opinion!

To join the conversation, and become an exclusive member of Vehicle Service Pros, create an account today!