With hundreds of exhibiting companies and thousands of attendees, is set to lead the industry in a showcase of the latest technology covering the entire spectrum of the automotive aftermarket. Join us August 8–10 for the largest U.S. trade show dedicated to high-end technical and management-related training for automotive collision and service repair shops. ²ÞËùÇ¿¼é will once again be attending NACE as an exhibitor with an interactive exhibit booth. Those visiting ²ÞËùÇ¿¼é’s booth will have the opportunity to be one of the first to demo the latest ²ÞËùÇ¿¼é solutions for the repair industry. We look forward to seeing you on the show floor! Need to schedule a meeting with a sales representative? Contact us today.
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Average Length of Rental for Repairable Vehicles: Q3 2017
Average Length of Rental (LOR) for Q3 2017 landed at 12.1 days in the United States, an increase of just 0.2 days compared to Q3 2016. This is a continuation of the general course throughout the calendar year, although a few months produced measurable increases. 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.
Motor Vehicle Markets: Q3 2017
Average wholesale prices in October were down only modestly month-over-month and were up year-over-year, bolstered by lingering impacts from hurricanes Harvey and Irma.
²ÞËùÇ¿¼é Collision Repair Industry Data: Q3 2017
The initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through ²ÞËùÇ¿¼é systems in Q3 2017, was $3,019, $16 less than this same period last year. However, continued development suggests a final Q3 2017 average appraisal value of $3,043, which represents an increase over the same quarter last year.
²ÞËùÇ¿¼é Total Loss Data: Q3 2017
Total loss data for both vehicle age and actual cash value of total loss vehicles processed through ²ÞËùÇ¿¼é servers.
²ÞËùÇ¿¼é Canadian Collision Summary: Q3 2017
The average gross initial appraisal value, calculated by combining data from all first and third party repairable vehicle appraisals uploaded through ²ÞËùÇ¿¼é Canadian systems in Q3 2017, was $4,003 - a $178 decrease from Q3 2016. Factoring for development yields an anticipated increase to $4,042.
Motor Vehicle Markets: Q2 2017
The following commentary is produced monthly by Tom Kontos, Executive Vice-President, ADESA Analytical Services. ADESA is a leading provider of wholesale used vehicle auctions and ancillary remarketing services.