Feature Discusses How Current Trends Will Change the Collision Repair Industry and Provides Insight to Help Shops and Insurers Prepare for Transitions
-- 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 of $2,525. 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.Complete content is available in the latest Industry Trends Report, which may be downloaded in PDF format by visiting www.mitchell.com. First published in April 2001, Mitchell's Trends Report has grown in both content and circulation, now reaching more than 23,000 collision and casualty industry professionals. About Mitchell International, Inc. Mitchell International is a leading provider of information, workflow, and performance management solutions to the automotive insurance claims industry, serving carriers, collision repair facilities, and other commercial participants in the physical damage and auto-related medical claims markets. Mitchell facilitates millions of electronic transactions between more than 25,000 business partners each month to enhance their productivity, profitability, and customer satisfaction levels. For more information on Mitchell International, visit its Web site at www.mitchell.com.
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