In the past few years in the worldwide auto industry, we've seen some new EV manufacturers come onto the scene in the U.S. and China, and a major merger between competitors in Europe. In 2022, the industry paid a total of $43.1 B in claims, with a 2.1% claims rate, accrued $54.7 B, with a 2.7% accrual rate, held a total of $120.8 B in warranty reserves, and accrued an average of $670 per vehicle sold.