The is the premier automotive specialty products trade event in the world. SEMA draws the industry’s brightest minds and hottest products to one place, the Las Vegas Convention Center. Additionally, SEMA 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. Visitors to ̽»¨¾«Ñ¡â€™s booth will have the opportunity to be among the first to demo the latest ̽»¨¾«Ñ¡ 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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̽»¨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.
Canadian Collision Summary: Q4 2017
The average gross initial appraisal value, calculated by combining data from all first and third party repairable vehicle appraisals uploaded through ̽»¨¾«Ñ¡ 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
The repair network of today is not your grandfather’s or your father’s repair network; in fact it may not even be your older brother’s repair network. Vehicles are becoming more sophisticated with every new model that rolls off the production line. They’re no longer merely a mode of transportation—they’re complex computer networks on wheels.