Length of Rental in Q1 Showing ‘Glimmers of Normalization’

Q1-2023-Length-of-Rental-collision-repair
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Montana had the highest increase, jumping up 5.6 days from Q1 2022. Alaska and Colorado had increases of 3.8 days, while five other states increased three days or more.

Seven states, led by New York (-1.6), had decreases from Q1 2022, and California’s non-drivable LOR results were static. While Q1 2022 had no states with any decrease from the previous year---in fact, the lowest increase was 4.1 days---the overall increase was impacted through 42 states plus D.C. all seeing higher results in Q1 2023.

Total Loss

Total Loss LOR in Q1 23 was 18.4 days, a small decrease of 0.1 days from Q1 2022. While negligible, it does contrast against the Total Loss increase of 4.1 days seen between Q1 2022 and Q1 2021.

Hawaii (+5.5) and Wyoming (+5.0) saw the highest increases, with Kansas showing the next highest increase over Q1 2022 at 3.0 days. Four states had flat results, and 22 states plus D.C. all saw decreases.

Idaho (17.7) saw results down by 3.8 days, and Rhode Island, Massachusetts and D.C. saw decreases of 2.5 days.

Conclusion

At the most recent Collision Industry Conference (CIC), a panel of industry stakeholders discussed process opportunities and customer impacts, supporting the goal of the entire industry aligning all collision-related businesses for procedural solutions and to ensure our mutual customers receive safe and proper repairs, an excellent experience and peace of mind.

Enterprise is committed to partnering with insurers, repairers and suppliers on each one of these issues. Through foundational support provided by the Enterprise Holdings Foundation, Enterprise is spearheading the Collision Engineering Program, designed to attract and develop entry-level talent to fill essential roles within the collision repair industry.

Enterprise is thrilled to expand its longtime partnership with Ford Motor Company, through its philanthropic arm, the Ford Fund, to expand the program and help address this ongoing industry challenge. For more information, visit www.beacollisionengineer.com.

Source: Enterprise

Abby Andrews

Online & Web Content Editor
Abby Andrews is the editor of Autobody News.

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