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January 2018 Used Vehicle Market Conditions
April 3, 2018
3 MIN READWholesale used vehicle prices started the year in the pattern that characterized much of 2017 in the months prior to hurricane season. Namely, car prices tended to fall while truck prices provided a boost to average wholesale values. In January, car prices continued to show year-over-year price declines, while truck prices did the opposite, but that situation is moving towards parity, as indicated by strong month-over-month increases in car prices.
Average Length of Rental for Repairable Vehicles: Q4 2017
March 17, 2018
4 MIN READAverage Length of Rental (LOR) for Q4 2017 landed at 12.4 days in the United States, a decrease of .1 days compared to Q4 2016. This produced a final LOR for Calendar 2017 of 12.04 days, up slightly from 11.98 in 2016. Once again, there was very little consistency between regions and states, suggesting that the quarterly result for the U.S. is not reflective of a genuine national trend.
Mitchell Collision Repair Industry Data: Q4 2017
March 17, 2018
6 MIN READThe initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through Mitchell systems in Q4 2017, was $3,151. Continued development suggests a final Q4 2017 average appraisal value of $3,184, which represents an increase of $67 compared to the same quarter last year.
Total Loss: Q4 2017
March 17, 2018
1 MIN READTotal loss data for both vehicle age and actual cash value of total loss vehicles processed through Mitchell servers.
Canadian Collision Summary: Q4 2017
March 17, 2018
3 MIN READThe average gross initial appraisal value, calculated by combining data from all first and third party repairable vehicle appraisals uploaded through Mitchell Canadian systems in Q4 2017, was $4,184, a $43 increase from Q4 2016. Factoring for development yields an anticipated increase to $4,229.
The New Repair Network
February 28, 2018
6 MIN READThe repair network of today is not your grandfatherâs or your fatherâs repair network; in fact it may not even be your older brotherâs repair network. Vehicles are becoming more sophisticated with every new model that rolls off the production line. Theyâre no longer merely a mode of transportationâtheyâre complex computer networks on wheels.
Motor Vehicle Markets Q4 2017
February 7, 2018
3 MIN READWe recap the motor vehicle markets trends from Q4 2017, highlighting the best-selling U.S. cars, trucks, and current used vehicle market conditions.