Half Day: Average length of rental for Q4 2023 was 0.6 days lower than Q4 2022
Toronto, Ontario — The fourth-quarter 2023 overall average length-of-rental for collision-related car rentals was 16.4 days–just over a half-day lower than Q4 2022’s average LOR. Of all the provinces, Ontario had the highest LOR at 18.1 days, followed closely by Alberta at 17.1 days. Comparatively, Prince Edward Island (P.E.I) had the lowest LOR record at […]
An Enterprising Examination: Enterprise Q3 2023 data reveals effects of severe summer storms on total loss claims
Toronto, Ontario — Enterprise has recently released Q3 2023 data that reveals the overall collision-related length of rentals (LOR) in Q3 2023 is 16.3 days, a slight decrease from Q3 2022. Newfoundland and Labrador touts the lowest LOR across the country, according to Enterprise data, at 14.1 days—a full two days shorter than the second-shortest […]
Painting with Patience: Refinish times on the rise, according to new Enterprise LOR report
Toronto, Ontario — Enterprise’s latest Length of Rental report is out and comes bearing the news that the average first quarter rental length is up by three full days from last year, as parts and labour shortages persist throughout the industry. The report notes that while this spike in national average LOR from Q1 2022 […]
A Spark of Solidarity: Rising LOR and repair complexity demand industry alignment, Enterprise Q4 report says
Toronto, Ontario — Enterprise published its length of rental report for Q4 2022 on Tuesday, with results that, in one respect point to pre-pandemic levels of stability, but otherwise bear much of the same disheartening news as LOR reports of the recent past. Enterprise says that despite an average length of rental (LOR) increase of […]
Lost in the LOR: Staffing shortages, parts availability continue to boost LOR nationwide, report says
Toronto, Ontario — Enterprise has released its Q3 Length-of-Rental report which, in spite of an impressive bout of perseverance in Alberta amid several severe weather events, Canada has seen an overall increase in rental periods across the board. Nationally, rental periods increased by 5.1 days from 11.4 in 2021 to 16.5 days over the same […]
Extended Trial Period: LORs skyrocket for non-drivable claims nationwide, Enterprise report says
Toronto, Ontario — Canada is quickly losing its edge in the collision replacement-related rental market, as the latest Enterprise LOR (length of rental) report showed that the average rental in the nation is up 5.8 days from the second quarter last year, significantly closing the gap to the U.S.’s 17.7 day average. The average LOR […]
