-- At $13,400, the average Actual Cash Value (ACV) of vehicles appraised for Collision losses during Q2-2008 was $177 more than in Q2-2007, and also reflected slightly older vehicles. -- In Q2-2008, the initial average gross appraisal value for Comprehensive coverage estimates processed through Mitchell servers was $2,373 -- a 13% increase, compared to $2,100 in Q2-2007. Applying the prescribed development factor for this data set produces an adjusted value of $2,367 -- an increase of $273 over the same period last year.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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