The slides from Mitchell International's Q2 webinar that took place on May 2nd. The Industry Trends webinar series highlights the metrics presented in the quarterly Industry Trends Report. To view the report: http://www.mitchell.com/industry-trends-report/index.asp
Slow new vehicle purchases, lower than normal lease rates and rental fleets keeping their cars to 35,000 miles instead of 25,000 miles helped drive late model used car demand to record high levels. This also drove total loss rates down to 15.2% in 2011, lower than they had been in a decade
Low lease prices helped push BMW to this spot. And This will mean an increase in aluminum structure repair (in 5”s and 7’s) that you will see in the future
With the majority being private party transfers, dent and scratch repair programs offered in the finance department of dealers have fallen, so small repairs on late model used will increasingly be customer pay