San Diego, California -- November 12, 2015 -- Mitchell has released its Industry Trends Report (ITR) for the fourth quarter of 2015. The ITR’s two editions address timely concerns of the auto physical damage and casualty industries. Featured articles for Q4, 2015 include “Parts Use and Seasonality,” “Reporting – Insight, Impact and Trends” and “Benefits of Specialty Networks.”
The Mitchell ITR determines and assesses emerging industry trends, while comparing current market data to historical figures. The goal is to help collision repair facilities and P&C insurers better understand the industry-wide landscape and make informed business decisions.
Taking a seasonal approach to parts use, Greg Horn, Vice President of Industry Relations at Mitchell, analyzes the number of parts used in the average repair estimate during the summer and winter months. On average, as winter approaches, the number of parts per estimate increases more than 1.5 percent and total parts spend increases by more than $100. Horn also provides a detailed breakdown of total loss values versus total loss percentages, offering key conclusions the industry can make based on these correlations and figures.
A Mitchell webinar, “Industry Trends Live,” on the Auto Physical Damage edition of the report will take place November 17, 2015. Horn will provide a deeper look into the trends, information and studies highlighted in this quarter's ITR. To sign up for the webinar, please visit go.mitchell.com/register.
First published in April 2001, Mitchell's ITR now reaches more than 33,000 collision and casualty industry professionals and provides meaningful visibility into data-driven trends in the P&C market. The complete report is available at mitchell.com/industry-trends-report.