Pure Supplement Frequency Continues to Increase
In the second quarter of 2015, 27.46 percent of all original estimates prepared by Mitchell-equipped estimators were supplemented one or more times. In the same period, the pure supplement frequency (supplements to estimates) was 50.44 percent, reflecting a 3.59 percent increase from that same period in 2014. A higher supplement frequency can be an indicator of how much cash is tied up, while reduced supplement frequency is an indicator of better cash flow. Mitchell said high supplement frequency can also delay vehicle delivery.
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