The global electric vehicle market is expected to gain momentum from a rise in the demand for battery-powered or hybrid vehicles, according to a recent report.
Mitchell's Q4 Industry Trends Report was released this week and explores topics like intelligent automation, average length of rental for repairable vehicles, and the rise of Property Damage Appraisers.
"Some OEMs are less forthcoming and either restrict access to important data or price it at unaffordable levels. These access issues continue to plague the industry."
The report observes the property and casualty industry, the use of special materials and its impact on estimating and repair costs, and how data and analytics can improve third party claims.
With the Mitchell Collision Parts Price Index showing a 10-point rise over 2015 in recycled parts, companies may jump aboard the option's growing popularity.
This deep learning system could allow self-driving cars to navigate, maneuver and respond to changing road conditions by mating data from onboard sensors to maps.
Demand for solvent-based products is falling, but the water-based segment is growing at a CAGR of 5.63 percent, higher than that of the overall market.
