Filed Under:Claims, Auto

Vehicle Buying Patterns Portend More Injuries

Affected by the turmoil in the economy, job losses, and increasing oil prices, consumers have drastically adapted their car buying habits from the days of behemoth SUV to smaller, lighter cars. Since 2006, carmakers have added more subcompact and micro cars to their fleets, giving car buyers the lower purchase price and fuel economy they have been in search of. At least this is what most of us observed and surmised as fact. But what does this transformation mean and how momentous was the shift?

Data points readily available from RL Polk tell us what vehicles by weight consumers are purchasing and bringing into the on-road fleet. We took this detailed volume and weight data and created a weight-by-vehicle index to pattern the relative purchases over time (normalized for volume differences).

Featured Video

Most Recent Videos

Video Library ››

Top Story

15 tips for driving safely on ice and snow

More than 800 people die each year in the U.S. in vehicle crashes caused by snow, sleet and freezing rain.

Top Story

PIA's national president was born to insure

Robert W. Hansen Jr., a fourth-generation insurance professional, reflects on what drives him to keep selling after more than 30 years in the business.

More Resources

Comments

eNewsletter Sign Up

Claims Connection eNewsletter

Breaking news on disasters, fraud, legal trends, technology, and CE initiatives for the P&C claim professional – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.