Dedicated to serving all those involved in the collision repair of heavy- and medium-duty vehicles, the HD Repair Forum provides attendees with a vast network of suppliers and experts, as well as information on the latest industry trends. The conference will include speaker presentations on the collision repair industry, the newest technologies, and repair business management. There will also be focused learning sessions and networking opportunities between attendees to encourage partnerships.
Be sure to visit Mitchell, an Enlyte company, for more information on our latest solution, Mitchell Cloud Estimating TruckMax, which helps streamline the appraisal process for collision-damaged trucks!
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Mitchell Secures New Investment Partner in Stone Point Capital in its Continued Commitment to Growth and Innovation
KKR, and Elliott Management today announced that they have executed a definitive agreement under which funds managed by private equity firm Stone Point Capital LLC (“Stone Point”) are making an investment in Mitchell and acquiring the equity position held by KKR and Elliott Management.
Diagnostics Systems Key to Proper and Safe Repairs for Fountain Valley Body Shop
Since opening his Fountain Valley body shop over 40 years ago, owner Dave March has had a front row seat witnessing the evolution of the collision repair industry. In 1974 when his shop opened, only one automobile manufacturer offered airbags, and the NHTSA was still five years away from crash-testing popular cars to encourage manufacturers to improve the safety of their vehicles.
January 2018 Used Vehicle Market Conditions
Wholesale used vehicle prices started the year in the pattern that characterized much of 2017 in the months prior to hurricane season. Namely, car prices tended to fall while truck prices provided a boost to average wholesale values. In January, car prices continued to show year-over-year price declines, while truck prices did the opposite, but that situation is moving towards parity, as indicated by strong month-over-month increases in car prices.
Mitchell Issues First Quarter 2018 Industry Trends Report
The Latest Technology Trends, Industry Insights, Data And Analyses On The Property & Casualty And Collision Repair Industries
Average Length of Rental for Repairable Vehicles: Q4 2017
Average Length of Rental (LOR) for Q4 2017 landed at 12.4 days in the United States, a decrease of .1 days compared to Q4 2016. This produced a final LOR for Calendar 2017 of 12.04 days, up slightly from 11.98 in 2016. 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.
Mitchell Collision Repair Industry Data: Q4 2017
The initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through Mitchell systems in Q4 2017, was $3,151. Continued development suggests a final Q4 2017 average appraisal value of $3,184, which represents an increase of $67 compared to the same quarter last year.