The is the premier automotive specialty products trade event in the world, drawing the industry’s brightest minds and hottest products to one place, the Las Vegas Convention Center. Additionally, the SEMA Show provides attendees with educational seminars, product demonstrations, special events, networking opportunities and more. ̽»¨¾«Ñ¡ will once again be attending SEMA as an exhibitor with an interactive exhibit booth, which can be found in the North Hall, #10771. Those visiting ̽»¨¾«Ñ¡â€™s booth will have the opportunity to be one of the first to demo the brand new ̽»¨¾«Ñ¡ Estimating Cloud – the industry’s first estimating solution to operate fully in the cloud. Additionally, ̽»¨¾«Ñ¡ Diagnostics, the first comprehensive diagnostic system designed specifically for collision repair will be available for full demonstrations. Also be on the lookout for ̽»¨¾«Ñ¡ Diagnostics in the New Products Showcase! 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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Diagnostics Systems Key to Proper and Safe Repairs for Fountain Valley Body Shop
Since opening his Fountain Valley body shop over 40 years ago, owner Dave March has had a front row seat witnessing the evolution of the collision repair industry. In 1974 when his shop opened, only one automobile manufacturer offered airbags, and the NHTSA was still five years away from crash-testing popular cars to encourage manufacturers to improve the safety of their vehicles.
January 2018 Used Vehicle Market Conditions
Wholesale 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.
̽»¨¾«Ñ¡ Issues First Quarter 2018 Industry Trends Report
The Latest Technology Trends, Industry Insights, Data And Analyses On The Property & Casualty And Collision Repair Industries
Average Length of Rental for Repairable Vehicles: Q4 2017
Average 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.
̽»¨¾«Ñ¡ Collision Repair Industry Data: Q4 2017
The initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through ̽»¨¾«Ñ¡ 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
Total loss data for both vehicle age and actual cash value of total loss vehicles processed through ̽»¨¾«Ñ¡ servers.