SAN DIEGO - Audatex North America, Inc. has released the latest quarterly volume of its industry trends publication, Audatex Directions. This issue's feature article examines the increase in share of Asian vehicles and their impact on average repair costs.
The article's key findings, produced with the company's business intelligence software Audatex Insight, show an average of $75 higher costs to repair Asian vehicles over domestic vehicles. Reasons for the higher costs are cited, including the factors such as Asian vehicles:
* Are typically one model year newer and have 12,000 fewer miles;
* Have higher Actual Cash Values (ACVs);
* Are 22 percent less likely to be declared a total loss after a collision
The Audatex data also show that Asian vehicles, on average, require 1.8 more labor hours than domestic damaged vehicles.
For a free copy of Audatex Directions, visit the Audatex Web site:
"Given the economic state of both consumers and U.S. automakers, it's important to explore the repair trends and data on Asian vehicles, which outsold American automakers for the first time beginning in 2008," said John Kotsopoulos , Managing Director for Audatex North America. The figures we are seeing are important for consumers, insurers and collision repairers alike."
For a free copy of Audatex Directions, visit the Audatex Web site at www.audatex.us.
