American Drivers Can’t Catch a Break on Car Insurance Rates
The cost of owning and operating a car has skyrocketed in the aftermath of the pandemic. The latest pinch for drivers is the cost of auto insurance, which is up 20.6% year over year as of February — the biggest jump in the cost of car insurance in government data going back to 1985.
Car insurance accounts for 2.5% of the basket of goods and services the government measures when calculating the overall rate of inflation and is among categories counted towards the "core" inflation measure that the Federal Reserve keeps a close eye on. Core inflation rose 0.4% over the prior month in February and 3.8% over the prior year.
Fleets Are Sitting on a Trove of Data – and the Tools to Leverage It Are Hidden in Plain Sight
By Jim Perkins, Director of Shell Fleet Solutions, USA
Fleet operators are drinking data from a firehose. From location and route metrics to data around refueling and recharging, the typical operator has thousands of inputs pouring in each day from their collective vehicles. It’s easy to feel overwhelmed.
The prospect of analyzing all this data, or even just part of it, threatens to overload an already high administrative burden.
Volvo Cars Will Soon Warn of Crashes Ahead
Volvo is rolling out a new safety feature that can warn of a crash or breakdown ahead, which could be crucial on winding roads or when there's poor visibility. Called Accident Ahead Alert, the system relies on cloud technology and anonymously shared real-time data gathered by various national traffic management centers.
In compatible Volvo models, the driver will receive a warning about a vehicle ahead while the gap is still hundreds of feet. Compatible Volvo cars can already warn each other of slippery road conditions and other hazards, and the automaker is looking to integrate more traffic information provided by traffic management centers as the information is made available.
Don’t Miss the Premier Fleet Event of the Year – NAFA’s 2024 Institute & Expo
Embark on a journey towards “New Frontiers” and explore “Big Possibilities” at the premier fleet event — NAFA 2024 Institute & Expo — taking place April 22-24 in San Antonio, TX.
Thousands of fleet professionals in every segment including corporate, government, public safety, utility, education, and more will be there. Join fleet professionals from 41 states and 6 provinces at the premier fleet event by registering today!
I&E has something to offer everyone, from those just starting their careers to professionals who have decades of experience.
VinFast to Invest Hundreds of Millions to Implement Own Global Line of Branded EV Chargers
VinFast’s founder has announced a new arm called V-Green to build EV chargers, focused on bolstering global access while prioritizing sessions for VinFast drivers, accelerating the Vietnamese automaker’s expansion into new markets.
In addition to taking over the operations and management of VinFast’s current charging network overseas, V-Green will invest 10 trillion VND (~$404 million) over the next two years to upgrade and expand it. Those chargers will be installed and made available exclusively to VinFast drivers in Vietnam.
