Average Length of Rental for Repairable Vehicles: Q4 2023
February 6, 2024
12 MIN READOverall length of rental (LOR) for collision-related rentals in the U.S. in Q4 2023 was 17.7 days, a one-day decline from Q4 2022. In Q4 2022, LOR (18.7 days) was up one-half day from Q4 2021, so the trend of declining year-over-year LOR we’ve been tracking since Q2 2023 continues. Compared to Q4 2021, LOR is up 0.7 days.
Oklahoma Auto Body Association (OKABA) Trade Show
Don’t miss the Oklahoma Auto Body Association’s (OKABA) inaugural trade show, a two-day experience open to the public.
Top Collision Industry Trends to Watch in 2024
On-Demand
1 MIN READOver the last several years, the collision industry has faced unprecedented challenges. Will 2024 produce more of the same?
Episode 10: Collision Claim Trends and What to Expect in 2024
November 15, 2023
What keeps carriers and collision repairers up at night? In this episode, Ryan highlights the effect of recent collision claim trends—including rising repair costs, parts supply chain disruptions and advancements in vehicle technology—on the auto insurance ecosystem. He also provides a sneak peek at the four trends to watch for in 2024.
Plugged-In: EV Collision Insights Q3 2023
November 8, 2023
4 MIN READElectric vehicle (EV) repairable claims frequency rose to 1.86% in the U.S. and 3.14% in Canada in Q3 2023—up a modest 0.37% and 0.50% respectively from Q2. Tesla, the world’s largest EV manufacturer, accounted for over 70% of the EVs repaired in North American collision facilities last quarter.
Current Used Vehicle Market Conditions: Q3 2023
September 25, 2023
3 MIN READAverage wholesale prices declined for the third month in July, although at a slightly more gradual rate than in June. Prices have so far stabilized in August and remain up by around 30% versus pre-pandemic.
NTHECC 2023 Fall Meeting
The National Truck and Heavy Equipment Claims Council (NTHECC) will host its 2023 Fall Meeting at the M