Mitchell Releases Industry Trends Report for Third Quarter 2013 - BodyShop Business

Mitchell Releases Industry Trends Report for Third Quarter 2013

Report analyzes impact parts costs have on average severity over time, details benefits of 3-D scanning technology.

Mitchell has announced the availability of its Industry Trends Report (ITR) for the third quarter of 2013. According to the company, the latest report offers expert insight and guidance into evolving industry regulations and current events, and outlines how certain tools like Agile development and next-gen data gathering position companies at the forefront of market innovation.

In an article titled "The Auto Physical Damage Edition," Greg Horn, vice president of industry relations at Mitchell, analyzes the impact parts costs have on average severity over time. He highlights that the emphasis is too often placed on the four major cost areas – labor, parts, paint and material – which make up the average paid repairable severity. Charting the dollar spend for parts against labor types and paint and materials costs beginning in 2005, Horn found that “there was an overall decrease in average repairable severity leading into and during the recession, and a uniform increase in average paid severity afterwards.” By investigating the other components that make up the cost of an estimate, he concludes that despite the reduced number of parts per estimate, the fact that “cars have become more complex and have more painted panels, such as color-coded bumpers” is driving the increase in average repair severity for specific vehicles.

A supplemental article written by Paul Rosenstein, vice president of claims solutions at Mitchell, describes how the company will be changing claims estimating with 3-D scanning technology. His forward-looking article details Mitchell’s current efforts to build a database of clean 3-D scans of vehicles and how that information could be used in the future to innovate with physical damage claims processing.

“We can leverage the data collected to support other workflow scenarios like consumer self-service, fraud detection and deformation-based estimating,” he says.

Mitchell also offers a webinar, Industry Trends Live, on the Auto Physical Damage edition of the report. Horn will provide a deeper look into the trends, information and studies highlighted in this quarter’s ITR on Aug. 21, 2013.


More information: 

To view the complete report, click here.

To sign up for the industry trends webinar, visit http://www.mitchell.com/pubs/industry-trends-live/schedule.asp

You May Also Like

NABC Donates Recycled Ride to Tucson, Ariz. Family

The NABC, Allstate, Maaco and  Meineke Car Care recently donated a refurbished vehicle to a deserving Tucson, Ariz.-area mom.

The National Auto Body Council (NABC), along with Allstate, Maaco and Meineke Car Care, recently donated a refurbished vehicle to a deserving Tucson, Ariz.-area mom via the NABC's Recycled Rides program. The presentation was held at the Meineke Car Care center in Tucson.

Johana Aguilar, a mother of four, was nominated as what the Child and Family Resources agency called “the perfect candidate” for the Recycled Rides program. Two of her four children require special schooling and medical appointments, and her husband has been ill. The only vehicle they have had has been unreliable. This fully refurbished 2016 Jeep Compass will ease her life tremendously. Freedom Brands owns four Maaco centers and five Meineke Car Care centers throughout the greater Phoenix and Tucson regions. 

ASE Practice Tests Available Online

ASE is encouraging those pursuing certification to take the official practice tests as part of their test preparation process.

Corby’s Collision Center: Since 1942

Bentley (Bud) and Evelyn Corby started Corby’s in a little gas station in Honeoye Falls, N.Y.

CIF Announces Enterprise as Repeat Annual Donor

Enterprise has donated for the fourth consecutive time at the Urgent Care (second highest) tier.

NABC Donates Recycled Ride to Central Georgia Mom

The NAB), GEICO and Five Star Collision Center-Wimbish recently donated a refurbished vehicle to a deserving mother of four.

Other Posts

NABC Donates Recycled Rides at NORTHEAST Show

The NABC, GEICO, Mountain View Auto and Collision Center of New Jersey donated two refurbished vehicles at the recent NORTHEAST Show.

Crash Champions Expands in Idaho

Crash Champions has announced the acquisition of Addison Collision Repair in Twin Falls, Idaho.

Auto Care Association Welcomes GAO Report on Vehicle Repair Restrictions

The Auto Care Association is renewing its call for Congress to advance federal Right to Repair legislation that protects independent business owners and consumers.

ProColor Collision Welcomes First Shop in Montana

ProColor Collision Gallatin Valley is operated by Robert Rinta and Simon Gratch, who both served honorably in the Montana National Guard.