Thus, attempting to make discrete comparisons between the average number of RECYCLED and any other parts types used per estimate may be difficult and inaccurate. It is commonly understood within the collision repair and insurance industries that a very large number of RECYCLED “parts” are actually “parts-assemblies” (such as doors, which in fact include numerous attached parts and pieces). This reflects a 0.81% relative decrease over this same period in 2016. Listed as “Non-New” parts in our estimating platform and reporting products, Remanufactured parts represent 4% of the average gross parts dollars used in Mitchell appraisals during Q1 2017. In Q1 2017, 21.52% of all parts dollars recorded on Mitchell appraisals were attributed to Aftermarket sources, up 2.87 points from Q1 2016. This represents a 1.85% relative decrease from Q1 2016. In Q1 2017, OEM parts represented 63.58% of all parts dollars specified by Mitchell-equipped estimators. Original Equipment Manufacturer (OEM) Parts Use in Dollars This section illustrates the percentage of dollars allocated to each unique part-type.As a general observation, recent data show that parts make up 46% of the average value per repairable vehicle appraisal, which represents over $1,400 in average spend per estimate. While there isn’t a perfect correlation between the types of parts specified by estimators and those actually used during the course of repairs, we feel that the following observations are directionally accurate for both the insurance and auto body repair industries. This category commonly includes all types of parts and assemblies, especially body, interior and mechanical parts. Parts removed from a salvaged vehicle and re-marketed through private or consolidated auto parts recyclers. While commonly associated with mechanical hard parts such as alternators, starters and engines, remanufactured parts may also include select crash parts such as urethane and TPO bumpers, radiators and wheels. Parts removed from an existing vehicle that are cleaned, inspected, repaired and/or rebuilt, usually back to the original equipment manufacturer’s specifications, and re-marketed through either the OEM or alternative supply chains. While this part category is often only associated with crash replacement parts, the automotive aftermarket also includes a large variety of mechanical and custom parts. This may also include those parts originally manufactured by endorsed OEM suppliers, which have later followed alternative distribution and sales processes. Parts produced and/or supplied by firms other than the Original Equipment Manufacturer’s designated supply channel. This category covers all automotive parts, including sheet metal and mechanical parts. Parts produced directly by the vehicle manufacturer or their authorized supplier, and delivered through the manufacturer’s designated and approved supply channels. Parts Analysis Parts Type Definitions Original Equipment Manufacturer (OEM) These data points reflect a ‘trade off’ in comparing Q1 2017 to the same period last year, there was only minimal shifting (less than 1%) between categories. This chart compares the average appraisal make-up as a percentage of dollars, constructed by Mitchell-equipped estimators. The average combined supplement variance for this quarter was $869.58, $2.01 lower than in Q1 2016. In this same period, the pure supplement frequency (supplements to estimates) was 65.41%, reflecting a 3.24 point increase from that same period in 2016. In Q1 2017, 40.66% of all original estimates prepared by Mitchell-equipped estimators were supplemented one or more times. SupplementsĪs it generally takes at least three months following the original date of appraisal to accumulate most supplements against an original estimate of repair, we report (and recommend viewing supplement information) three months’ after-the-fact, to obtain the most accurate view of this data. Factoring for development yields an anticipated Q1 2017 adjusted appraisal value of $ 2,822, a $54 increase in average severity over Q1 2016. In Q1 2017, our initial average gross third-party property damage appraisal was $2,805 compared to $2,768 in Q1 2016, reflecting a $37 initial increase between these respective periods. Continued development suggests a final Q1 2017 average gross collision appraisal value of $ 3,367, nearly equivalent to the same quarter last year. Mitchell’s Q1 2017 data reflects an initial average gross collision appraisal value of $3,327, $41 less than this same period last year. Visit Mitchell’s website at Collision Losses Mitchell Estimating is an integral part of Mitchell’s appraisal workflow solutions. Mitchell Estimating is an advanced estimating system, combining database accuracy, automated calculations, and repair procedure pages to produce estimates that are comprehensive, verifiable, and accepted throughout the collision industry.
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