-- 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.
Contact Information: Contacts: Jennifer Forman Sr. Director, Marketing 800-238-9111 x6585 or Kam Hashim Boston Communications 617-292-7316