The chart below illustrates the total loss data for both vehicle age and actual cash value of total loss vehicles processed through Mitchell servers.
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Surviving and Thriving During Challenging Times
The collision repair market has been especially hard hit during the pandemic due to fewer cars on the road and far fewer accidents. Learn how three shop owners are successfully weathering the storm and what tips they have to share.
COVID-19 P&C Industry Update: Regulations, Telemedicine, Access to Care and Testing
As the COVID-19 pandemic has continued, the P&C industry is undergoing many changes, including COVID-19 regulatory changes, telemedicine updates and more.
Five Business Trends that Will Become Business as Usual
New ways of working have become "business as usual" as we embrace new processes within the property and casualty industry to better serve our customers in this new environment.
CEO Alex Sun Introduces Mitchell’s 2nd Quarter 2020 Industry Trends Report
Mitchell leaders report on the impact of COVID-19, the resulting operational and regulatory changes and current industry data trends.
Surviving and Thriving During Challenging Times
COVID-19 has changed our world...literally. In just four months, we’ve seen businesses close, manufacturing plants halt production and the unemployment rate skyrocket. The collision repair market has been especially hard hit due to shelter-in-place mandates that have resulted in fewer cars on the road and far fewer accidents. According to a recent survey, 52% of U.S. repair facilities reported a decline in sales in March 2020 as compared to March 2019 and 43% have had to reduce their workforce. In Canada, the effects are similar.
Current Used Vehicle Market Conditions: Q1 2020
After a strong start to 2020 in January and February, the COVID-19 crisis wiped out gains in wholesale prices in virtually all categories.