Insight

Autonomous vehicles will shrink auto OEM collision repair revenue

KPMG Press Release: According to a new report from the KPMG U.S. Manufacturing Institute Automotive Center, original equipment manufacturers (OEMs) will see a substantial, 48%, dent in their lucrative collision parts business as a result of self-driving cars.

According to a new report from the KPMG U.S. Manufacturing Institute Automotive Center, original equipment manufacturers (OEMs) will see a substantial, 48%, dent in their lucrative collision parts business as a result of self-driving cars. In fact, KPMG projects that OEM collision repair revenue, which was $5.6 billion in 2015, could drop to $2.7 billion by 2030 and dwindle to $1.4 billion by 2040.