Latest Mitchell Report Focuses on Five Industry-Changing Trends - BodyShop Business

Latest Mitchell Report Focuses on Five Industry-Changing Trends

Mitchell International today released the second quarter 2008 edition of its Industry Trends Report (ITR), the company’s quarterly publication that highlights industry-related trends, news items and statistics.

This edition’s Quarterly Feature, “5 Trends That Will Change Our Industry,” by Greg Horn, Mitchell’s vice president of Industry Relations, provides a candid look at how current movements in collision repair, such as the transition to waterborne paints, the shift toward lightweight construction materials and advances in vehicle safety equipment, will affect the future of the industry. The feature also focuses on better understanding performance through the use of data, which are increasingly used by collision repair industries and insurance claims organizations to improve business operations.

“Right now, the collision repair industry is undergoing some of the most significant changes since the introduction of unibody vehicle production,” Horn said. “The key trends discussed in-depth in the latest Mitchell ITR will significantly change the time, training and tools costs of repairers and carriers, compelling the industry to alter production schedules and risk assessments in order to profitably grow their businesses.”

Other points of interest in the current issue of Mitchell’s ITR include:

  • The average appraisal value, as calculated by combining data from all first- and third-party repairable vehicle appraisals uploaded through Mitchell systems in Q1-2008, was $2,474 – $51 less than the previous year’s Q1-2007 appraisal average. Applying the prescribed development factor of 3%, it produces an anticipated average appraisal value of $2,539.
  • During Q1-2008, Paint and Materials made up nearly 9.78% of an average Mitchell appraisal value, representing a 0.46 point increase over Q1-2007.

Click HERE to download the latest Industry Trends Report.

You May Also Like

Protect Your Shop from Cyber Crimes with Mark Riddell

Micki Woods interviews Mark Riddell of m3 Networks Limited on what auto body shops can do to protect themselves from a cyber attack.

Micki Woods, master marketer for collision repair shops and owner of Micki Woods Marketing, has released the latest episode of "Body Bangin'," the video podcast that is taking the industry by storm!

In this episode, Woods interviews Mark Riddell, managing director of m3 Networks Limited, about how auto body shops are looked at as small businesses and easy prey for cyber attackers and what they can do to protect themselves and their customers' data.

Body Bangin’: The Disengagement Epidemic with Kevin Wolfe

Micki Woods interviews Leaders Way Owner Kevin Wolfe on why 73% of work professionals are disengaged today and what we can do about it.

Body Bangin’: I Thought We Were Doing It Right with Josh Piccione

Micki Woods interviews Josh Piccione on repairing vehicles correctly — according to manufacturer guidelines.

Body Bangin’: Be a Star Not a Hamster with Robert Snook

Micki Woods interviews popular keynote speaker Robert Snook on how to differentiate and grow your business.

Body Bangin’: Know Me, Know My Car with Mike Anderson

Micki Woods interviews Mike Anderson on the importance of building an emotional connection with your customers.

Other Posts

Body Bangin’: Fighting for Consumer Safety with Burl Richards

Micki Woods interviews Burl Richards on his personal mission to fight for consumers’ rights and safety.

Body Bangin’: The Employer-Student Disconnect

Micki Woods interviews Raven Hartkopf, lead collision instructor at Collin College in Texas, on what students want from a shop employer.

Body Bangin’: Why Follow OEM Repair Procedures?

Micki Woods interviews Logan Payne of Payne & Sons Paint & Body Shop on the importance of following OEM repair procedures.

Body Bangin’: Getting Paid for Calibrations

Micki Woods interviews Andy Hipwell and James Rodis of OEM Calibration on how to get started doing ADAS calibrations.