Insights
Motor Vehicle Markets: Q1 2017
The tale of two markets resumed in March, as wholesale prices were below year-ago levels for cars and above prior year for trucks. Nevertheless, both groups showed price increases versus February’s unseasonably soft results, as retail sales and wholesale activity showed signs of the traditional spring/tax season market typical for used vehicles.
²ÞËùÇ¿¼é Collision Repair Industry Data: Q1 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 Q1 2017, was $3,018, $4 less than this same period last year. However, continued development suggests a final Q1 2017 average appraisal value of $3,047, which represents an increase of the same quarter last year.
²ÞËùÇ¿¼é Canadian Collision Summary: Q1 2017
This data is the product of upload activity from body shops, independent appraisers, and insurance personnel, more accurately depicting insurance-paid loss activity, rather than consumer direct or retail market pricing.
Average Length of Rental for Repairable Vehicles: Q2 2017
Average Length of Rental (LOR) in the 2nd Quarter 2017 landed at 11.54 days, representing only a fractional rise of .07 days versus the 2nd Quarter of 2016. This is a continuation of the trend we began to see in the 1st Quarter of 2017 when the rate of increase dipped to a multi-year low of .2 days. As with Q1, there was very little consistency between regions and states which suggests that the flat U.S. number is not reflective of a true national trend.
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.
²ÞËùÇ¿¼é Collision Repair Industry Data: Q2 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 Q2 2017, was $3,046. Continued development suggests a final Q2 2017 average appraisal value of $3,143, which represents an increase of $122 compared to the same quarter last year.
²ÞËùÇ¿¼é Canadian Collision Summary: Q2 2017
This data is the product of upload activity from body shops, independent appraisers, and insurance personnel, more accurately depicting insurance-paid loss activity, rather than consumer direct or retail market pricing.