IAA Improves Search Tool
Insurance Auto Auctions Inc. announced the launch of IAA Fast Search, a search tool designed for the salvage vehicle industry.
IAA Fast Search provides vehicle buyers with over 30 vehicle search and filter options. The Fast Search functionality complements recently announced enhancements to IAA's Vehicle Details feature on IAAI.com.
Additional functionality of the Fast Search technology, which is available on desktop and mobile devices, allows buyers to recall previous searches and quickly pick up where they left off. Buyers can also add or remove filters, such as odometer reading, vehicle type or loss type, to refine or expand results at any point during a search.
Copart Updates App
Copart Inc. is excited to announce the launch of its newest version of the Copart Mobile App, available for Apple iOS and Android devices.
With the Copart Mobile App update, Copart buyers get access to the following features:
Upload licenses using the Copart License Uploader;
Scan bar codes using the new Lot Scan feature to get vehicle details at Copart locations;
Choose a preferred language with new multi-language options available in the app settings;
Access updated search filters with the Copart Smart Search tool;
View vehicle videos and extended notes now available in the app.
GWC Improves Online Coverage Lookup
GWC Warranty has improved its online coverage lookup tool to better assist drivers in obtaining critical vehicle service contract information.
A redesigned layout makes it easier to enter required information while downloadable electronic contracts provide drivers an added level of detail about their coverage.
With the availability of electronic contracts through the coverage lookup tool, customers enter their last name along with either an ID card number or the last six digits of their VIN. Providing this information will initially display a coverage snapshot with mileage, coverage level, dealership, expiration and term information. A new coverage details link is also now available, which will provide drivers with a soft copy of their contract where they can find additional terms, conditions, policies and component coverage information.
Self-Driving Electrics Could Account for Quarter of All Driving
By 2030, around a quarter of all miles driven in the US could be in shared autonomous electric vehicles, which will offer consumers in large cities the lowest-cost, most convenient form of transportation, according to new research by The Boston Consulting Group (BCG).
BCG’s key insight is that the convergence of three trends—ride sharing (services such as Uber and Lyft), autonomous driving, and vehicle electrification—create a far more compelling economic case than any of these forces alone. Due to their ability to cut travel costs by 60 percent, shared autonomous electric vehicles (SAEVs) could shift about 25 percent of miles traveled from private automobiles. While total vehicle demand will only be affected slightly, by 2030 more than 5 million conventional cars per year could be replaced by a combination of fully autonomous electric vehicles for urban fleets and partially autonomous cars for personal use.
Unlike most industry studies which look at trends such as autonomous driving and powertrain electrification in isolation, BCG’s research aims to provide an integrated view of the future of mobility in the US. The consultants combine insights from a variety of sources – including a proprietary survey of more than 6,000 US consumers; detailed modeling and analysis of traffic patterns and population density in over 100 cities of varying sizes; economic forecasting; past BCG studies; and interviews with a wide range of industry experts.
Automakers and parts suppliers would face the most profound challenge to their business models in a century. While total vehicle demand isn’t likely to change materially, the types of cars required will be vastly different.
BCG estimates that in 2030, a total of 4.7 million autonomous electric vehicles will replace 5.1 million conventional autos sold in the US. This shift undermines the current industry business model, with its focus on engine technology and its long product cycles, and opens the market to a range of new competitors.
Hundreds of billions of dollars worth of industry assets could turn into liabilities. Dealers will be less relevant as fleets make up a much bigger portion of sales. Current aftermarket businesses will take a hit because SAEVs will require less maintenance and have fewer accidents. But at the same time, whole new businesses will develop to manage large urban fleets and service them daily.
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