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Mitchell Report Highlights Increase in Electric Vehicle Collision Claims
SAN DIEGO, Calif.—Mitchell, an ºÚÁÏÉçÇø company and leading technology and information provider for the Property and Casualty claims and Collision Repair industries, today reported that electric vehicle (EV) repairable claims frequency increased in Q1 2023 to 1.13% in the US and 2.41% in Canada. The data was featured in the company’s latest Plugged-In: EV Collision ºÚÁÏÉçÇø publication, which provides up-to-date EV claims and market information to the auto insurance and repair industries.
Average Length of Rental for Repairable Vehicles: Q1 2023
Length of Rental (LOR) in Q1 2023 was 18.7 days, an increase of one-half day from Q1 2022.
Midwest Collision Repair Trade Show and Conference 2023
Located in Kansas City, the Midwest Collision Repair Trade Show and Conference assembles the five active Midwest state associations to deliver an exclusive trade show for business owners, managers and staff.
Mitchell Expands Support for EVs Through Industry-First Data Licensing Agreement with Rivian
Mitchell is the first collision industry information provider to sign a data licensing agreement with Rivian, allowing auto insurers and repairers to write damage appraisals and access repair procedures for the OEM's full line-up of passenger and commercial vehicles.
Current Used Vehicle Market Conditions: Q1 2023
Average wholesale used vehicle prices rose for the second consecutive month in February and well into March. Certified pre-owned (CPO) sales also rose in February despite short supplies of late-model vehicles, as OEMs have expanded their programs to include older models and consumers look for ways to fight inflation.