Mitchell Releases Third Quarter Trends Report
Aug. 11, 2015—Mitchell released on Tuesday the results of its Industry Trends Report (ITR) for the third quarter of 2015.
The Third Quarter ITR looked at a number of different trends in the auto industry, including the top 10 parts most frequently damaged in a repairable collision, the amount of parts that are replaced vs. repaired, an increase in collision claims since 2013, and length of rental trends.
Some key findings from the ITR found losses on collision claims up 8.4 percent since 2013 and 401,000 more collision claims than in 2014. The average length of rental (LOR) rose to 11 days with the Northeast region of the country averaging the highest LOR at 12.3. days. Another finding was that bumper covers are the most commonly replaced part in a repairable collision, at 72 percent with a 68 percent involvement rate, which means more time should be dedicated to training for bumper cover repair.
For a closer look at the 2015 Industry Trends Report for the third quarter, Mitchell announced that it will host a webinar to cover the data in its report. The webinar will provide a deeper look into the trends, information and studies highlighted in this quarter’s ITR. Click here for more information and to sign up.