Tag: automotive repair

Headlines are screaming about auto insurance increases this year. For example, CNBC reports that auto insurance costs rise by 26% on average in 2024. While inflation is playing a major role, there are many other factors at work that are causing increases in costs on the auto insurance and repair side of the business.

Opus IVS is a company that helps shops repair complex vehicles. Its areas of expertise include advanced automotive technology such as Advanced Driver Assistance Systems (ADAS), driver autonomy systems, electric vehicles, telematics, and flash programming. We communicated with Opus IVS CEO Brian Herron, and asked what he felt was the leading cost driver for increases in automotive repair. “ADAS (advanced driver assistance systems) is the driver of the increased repair costs,” said Mr. Herron.

Examples of ADAS include Tesla Full Self Driving (FSD), Tesla Autopilot, GM Super Cruise, and Ford’s BlueCruise.

While our initial inquiry to Mr. Herron was along the line of how EVs may be driving costs increase in vehicle repairability, he sees the issue in a different light. He told us that “ADAS is more of an ‘end of the world’ issue right now because 100% of vehicles or nearly 100%