Total Loss Vehicles Disguised With Clean Titles
Friday, January 28th, 2022 AutoThree speakers shared each of their unique perspectives about the impact of rising total loss claims at the Jan. 20 meeting of the Collision Industry Conference (CIC) and explored what that means for the collision repair and salvage industries as well as, most importantly, consumer safety.
The topic was covered by the CIC’s Industry Relations Committee, which compiled the panel.
CCC Intelligent Solutions Quality Repair & Market Development Vice President Dan Risley said total losses have been increasing every year since 2013 with the exception of 2021 when losses fell slightly due to the value of used cars rising, which are equal to or outpacing the cost to repair.
Losses reached the highest peak in 2020 at 20.6% because less traffic meant people were driving faster with more distractions, which resulted in harder impacts and higher severity, Risley said.
Claims data continues to suggest there are more higher-speed crashes as the percentage of airbag deployment has risen to 9% two years in a row in 2020 and 2021.
