Canadian Collision Summary: Q4 2017
March 17, 2018
3 MIN READThe average gross initial appraisal value, calculated by combining data from all first and third party repairable vehicle appraisals uploaded through Mitchell Canadian systems in Q4 2017, was $4,184, a $43 increase from Q4 2016. Factoring for development yields an anticipated increase to $4,229.
The New Repair Network
February 28, 2018
6 MIN READThe repair network of today is not your grandfather’s or your father’s repair network; in fact it may not even be your older brother’s repair network. Vehicles are becoming more sophisticated with every new model that rolls off the production line. They’re no longer merely a mode of transportation—they’re complex computer networks on wheels.
Motor Vehicle Markets Q4 2017
February 7, 2018
3 MIN READWe recap the motor vehicle markets trends from Q4 2017, highlighting the best-selling U.S. cars, trucks, and current used vehicle market conditions.
Artificial Intelligence: 7 Tips for Success
January 17, 2018
1 MIN READNews and predictions about how artificial intelligence will shape the insurance industry are popping up almost every day. The infographic below highlights seven tips for working with artificial intelligence, including limitations, opportunities and emerging trends that you should keep in mind to better position yourself (and your company) for success.
Average Length of Rental for Repairable Vehicles: Q3 2017
November 28, 2017
4 MIN READAverage Length of Rental (LOR) for Q3 2017 landed at 12.1 days in the United States, an increase of just 0.2 days compared to Q3 2016. This is a continuation of the general course throughout the calendar year, although a few months produced measurable increases. Once again, there was very little consistency between regions and states, suggesting that the quarterly result for the U.S. is not reflective of a genuine national trend.
Motor Vehicle Markets: Q3 2017
November 26, 2017
2 MIN READAverage wholesale prices in October were down only modestly month-over-month and were up year-over-year, bolstered by lingering impacts from hurricanes Harvey and Irma.
Mitchell Collision Repair Industry Data: Q3 2017
November 24, 2017
6 MIN READThe initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through Mitchell systems in Q3 2017, was $3,019, $16 less than this same period last year. However, continued development suggests a final Q3 2017 average appraisal value of $3,043, which represents an increase over the same quarter last year.