Insights
June 2018 Used Vehicle Market Conditions
June 12, 2018
3 MIN READAverage wholesale used vehicle market prices registered their first year-over-year price decline since August 2014, continuing the general softening pattern seen since the impact of the hurricanes waned in late 2017. Retail used vehicle sales, including CPO sales, were strong, reflecting Spring, tax-season demand.
Mitchell Collision Repair Industry Data: Q1 2018
June 12, 2018
5 MIN READThe initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through Mitchell systems in Q1 2018, was $3,166, $124 more than this same period last year. Continued development suggests a final Q1 2018 average appraisal value of $3,196
Total Loss: Q1 2018
June 12, 2018
1 MIN READThe chart below illustrates the total loss data for both vehicle age and actual cash value of total loss vehicles processed through Mitchell servers.
Guidewire Connections 2018
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Diagnostics Systems Key to Proper and Safe Repairs for Fountain Valley Body Shop
April 21, 2018
4 MIN READSince 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
April 3, 2018
3 MIN READWholesale 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.
Average Length of Rental for Repairable Vehicles: Q4 2017
March 17, 2018
4 MIN READAverage 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.