Insights
Motor Vehicle Markets Q4 2017
3 MIN READ
We 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
1 MIN READ
News 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
4 MIN READ
Average 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
2 MIN READ
Average 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
6 MIN READ
The 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.
Mitchell Total Loss Data: Q3 2017
1 MIN READ
Total loss data for both vehicle age and actual cash value of total loss vehicles processed through Mitchell servers.
Mitchell Canadian Collision Summary: Q3 2017
3 MIN READ
The average gross initial appraisal value, calculated by combining data from all first and third party repairable vehicle appraisals uploaded through Mitchell Canadian systems in Q3 2017, was $4,003 - a $178 decrease from Q3 2016. Factoring for development yields an anticipated increase to $4,042.