Collision rental period up 3 days from a year ago

Business released rental duration (LOR) data for the third quarter of 2021, which shows the overall LOR for collision replacement rentals is 15.2 days, an increase of nearly three full days per report for the third quarter of 2020.

This includes replacement rentals for repairs to vehicles and non-running vehicles, as well as those for total loss claims.

Every state, as well as the District of Columbia, has seen an increase. At the bottom of the scale, only two states — Iowa, up 0.4 and South Dakota, up 0.7 — saw an increase of less than a day, while that three states — Hawaii, Illinois and Wyoming — experienced increases between one and two days.

Twenty-six states, plus DC, experienced increases between two and three days, while 19 states experienced increases of three or more full days.

Such a sharp increase is based on a myriad of factors, including a backlog of repairs.

According to John yoswick, editor of the weekly CRASH Network newsletter: “Repairers have the largest order book in five years. On average, US stores have jobs planned for the next 2.6 weeks, a full week longer than three months ago, and into the third quarter of 2020. Only one in 20 stores reported no backlogs, and 55% of stores say they have two. full weeks or more of work planned in the future.

Parts are another potential driver. The company asked Parts dealerinnovation director of Greg Horn for his opinions.

“We are tracking parts delivery days by part type and by vehicle, which represents over 1.7 million monthly transactions for all part types and we have seen increases,” Horn said. “Interestingly, the number of citations has remained stable, indicating …

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