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Auto Physical Damage

Top Collision Industry Trends to Watch in 2024

Event Details
Start: January 25, 2024 @ 12:00PM MST End: @ Location: Online Event

2 p.m. ET, 1 p.m. CT, 11 a.m. PT

Over the last several years, the collision industry has faced unprecedented challenges. Will 2024 produce more of the same? In this live CIECAST webinar, Mitchell’s Director of Claims Performance, Ryan Mandell, will discuss the most consequential trends affecting collision repairers, auto insurers and vehicle manufacturers this year. Those trends include the impact of:

  • More trucks, SUVs and luxury automobiles on the road
  • Fluctuating vehicle prices on total loss frequency
  • Rising average repairable claims severity
  • Inflation and ongoing supply chain disruptions
  • Advanced Driver Assistance Systems (ADAS) associated with the repair process
  • Increasing refinish and labor costs
  • Record-breaking electric vehicle sales

Click the link below to register or visit the CIECA website for other CIECAST webinars.

Register

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Average Length of Rental for Repairable Vehicles: Q1 2022

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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.

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