Average Length of Rental for Repairable Vehicles: Q2 2022
August 3, 2022
The 2nd quarter of 2022 saw average Length of Rental (LOR) for collision replacement-related rentals at 17.7 days, a 4.5-day increase from the 2nd quarter of 2021. This represents a decrease of half a day from the 1st quarter of 2022 when average LOR was 18.2 days. While the overall totals in 2022 are much higher than previous years, this quarter-to-quarter decrease of a half-day fits historical trending from the 1st quarter of the year to the 2nd quarter. While trending seems to be reverting to historical normalcy, the results themselves continue to illustrate a “new normal.”
Examining the National Patchwork of Marijuana Laws
June 27, 2022
A detailed dive into cannabis legislation across the country.
Average Length of Rental for Repairable Vehicles: Q1 2022
May 22, 2022
U.S. Length of Rental—Q1 2022 The first quarter of 2022 saw average Length of Rental (LOR) for collision replacement-related rentals increase 4.9 days when compared to 2021. This nearly five-day increase continues the trend of unprecedented industry increases, including an almost four (3.9) day increase in the fourth quarter of 2021.
Unlocking Value Across Market Segments Using a Holistic View
May 3, 2022
It is this collaboration, between clinical, networks and technology, that is so valuable to what we do across the entire claim’s continuum.
Mitchell Collision Podcast
April 21, 2022
The Mitchell Collision Podcast goes beyond Property and Casualty headlines to explore the latest trends in auto physical damage. Hosted by Ryan Mandell, the series includes in-depth interviews with experts from around the industry—carriers, repairers, OEMs, part suppliers, technology service providers and more.
Trends in Paintless Dent Repair
March 16, 2022
New vehicle technology and construction are transforming the repair industry. They are also introducing challenges to those tasked with properly and safely returning collision-damaged vehicles to the road. For example, Advanced Driver Assistance Systems (ADAS)—now standard on the latest automobiles—have made diagnostic scanning and calibration a necessary step in the repair process.
Current Used Vehicle Market Conditions: 2021 Year-End
February 3, 2022
2021 Year-End Kontos Kommentary The following commentary is produced by Tom Kontos, Chief Economist, KAR Global. KAR Global is a leading provider of wholesale used vehicle auctions and ancillary remarketing services.1
P&C Industry Claims Severity: Trends, Drivers and Mitigators
January 25, 2022
Claim severity has always been top of mind for the P&C industry. While the pandemic has certainly had an impact on claims costs, there are several drivers behind claim severity trends varying by market. While it is important to note what is behind claims costs, it is equally important to understand how to mitigate severity and control costs.