Download - Industry Trends Live Q1 2012
Greg Horn
Vice President, Industry Relations
February 2012
Industry Trends Report Wrap-up
Confidential and Proprietary. ©2011 Mitchell International, Inc.
Agenda for Today:
• An update on the Property Casualty Industry
• New Car sales, used car used car sales
• An update of Mitchell’s latest KPI’s
• Recap of this quarter’s feature article
• Rust in Peace
• New Auto Technology
2/10/2012 | Page 2
Confidential and Proprietary. ©2011 Mitchell International, Inc.
Property Casualty Financials
• The P & C insurance industry saw net income after taxes fall to under $8 Billion for the first nine months of 2011, about 60% less than the prior year.
• The industry’s combined ratio climbed to 109.9 in the first nine months of 2011 compared to 101.2 in 2010.
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Confidential and Proprietary. ©2011 Mitchell International, Inc. 2/10/2012 | Page 4
5.35
5.4
5.45
5.5
5.55
5.6
5.65
5.7
5.75
5.8
5.85
5.9
Through Q3 2011
Collision Paid Claim Frequency Per 100 Cars
Confidential and Proprietary. ©2011 Mitchell International, Inc. 2/10/2012 | Page 5
5.4
5.6
5.8
6
6.2
6.4
6.6
6.8
7
7.2
Through Q3 2011
Comprehensive Paid Claim Frequency Per 100 Cars
Confidential and Proprietary. ©2011 Mitchell International, Inc. 2/10/2012 | Page 6
3.25
3.3
3.35
3.4
3.45
3.5
3.55
3.6
Through Q3 2011
Property Damage Paid Claim Frequency Per 100 Cars
Confidential and Proprietary. ©2011 Mitchell International, Inc.
Mitchell Key Performance Indicators
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Parts use by model year
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Confidential and Proprietary. ©2011 Mitchell International, Inc.
The Number of parts by part type by model year
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Confidential and Proprietary. ©2011 Mitchell International, Inc.
The dollars spent by part type by model year
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U.S. Vehicle sales data
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Confidential and Proprietary. ©2011 Mitchell International, Inc.
New vehicle sales for 2011
• Globally, Car makers sold 77.7 Million vehicles
• That’s 8,900 vehicles every hour!
• US sales are headed for full-year 2011 volume of about 13.4 million vehicles, 10 percent higher than 2010
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What is the top selling luxury brand in the US?
• BMW’s U.S. sales rose 15 percent to 26,834 in December, for an annual total of 247,907
• Mercedes said its sales last month climbed 28 percent to 25,701, pushing its tally for the year to 245,192.
• U.S. sales at Lexus dropped 13 percent last year to 198,552 units -- the first time volume dropped below 200,000 units since 1999.
Confidential and Proprietary. ©2011 Mitchell International, Inc.
Used vehicle sales
• Used vehicle sales totaled 38,792.169 for all of 2011, up 5.2 percent from the prior year.
• December volume surged 11.98 percent, to 3,142,513.
• The year, as a whole saw a surge in private party, or consumer-to-consumer, sales, especially in the final months of 2011.
Confidential and Proprietary. ©2011 Mitchell International, Inc.
Electric Vehicles in the future
• A survey by KPMG of global auto maker executives finds a nominal increase for electric vehicle sales over the next 13 years.
• However, most of the executives surveyed believe the industry will continue putting larger investments into EV technology -- just in case.
• Nearly Two-thirds of the executives surveyed believe that combined hybrid and electric-vehicle sales will account for as little as 6 percent of the market in the U.S. and Western Europe by 2025.
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KPMG’s survey of automaker CEO’s
Confidential and Proprietary. ©2011 Mitchell International, Inc.
Rust in Peace
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Rust in Peace- Vehicles that died in 2011
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Rust in Peace
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Confidential and Proprietary. ©2011 Mitchell International, Inc.
Rust in Peace
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The Detroit Auto Show highlights
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But one car model didn’t die, but should have
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New Ford Fusion
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2012 Dodge Dart
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2012 Hyundai Elantra
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Your vote for car of the year: A. Ford Fusion B. Dodge Dart C. Hyundai Elantra
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New vehicle technology
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Confidential and Proprietary. ©2011 Mitchell International, Inc.
Volkswagen to help avoid speed traps
The traffic signs recognition system being developed by Volkswagen Group Research receives a signal from each applicable road sign and sends an audible and digital message to the driver.
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Image courtesy Volkswagen Gruppe GMBH
Confidential and Proprietary. ©2011 Mitchell International, Inc.
Ethanol Boosted Direct Injection
• Automotive technology specialist Ricardo has developed a technology that optimizes ethanol-fuelled engines to a level of performance that exceeds gasoline engine efficiency comes close to diesel engines. Ethanol Boosted Direct Injection (EBDI), takes advantage of ethanol’s best properties higher heat of vaporization
• Current E85 engines are about 30% less efficient than running on regular 87 octane fuel
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Confidential and Proprietary. ©2011 Mitchell International, Inc.
Active Sound exhaust system
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Eberspächer “Aktiv Sound”
Although Pontiac created a muffler bypass for the GTO back in 1970; German company Eberspächer has created an adjustable exhaust sound system. Using a steering wheel mounted volume control, you can adjust the exhaust system sound
Images courtesy Pontiac GTO Club and Wirtshafts Woche
Confidential and Proprietary. ©2011 Mitchell International, Inc.
Upcoming events
• Orlando, FL- PPG Platinum distributors conference February 23rd
• Naples, FL- Mitchell Property Casualty conference, March 18-20
• Maui, HI- Standox Partnership in Excellence conference, March 28-30
• Phoenix, AZ- Toyota Motor Sales Conference, May 8-9
• Scottsdale, AZ- Parts, Body & Equipment Sales conference, May 16-17
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Confidential and Proprietary. ©2011 Mitchell International, Inc.
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