Average Length of Rental Continues to Decline in Last Quarter of 2023
While the decrease is positive, challenging market conditions remain, and overall LOR remains significantly higher than it was pre-pandemic.
Source: autobodynews.com
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Average Length of Collision-Related Rental Slightly Drops Again in Q3
The year-over-year decrease continues a trend that started in Q2, but is still significantly higher than the same quarter in 2021 and 2020.
Source: autobodynews.com
Length of Rental Decreases Year-Over-Year for First Time Since Start of Pandemic
While the decrease is good news, challenging market conditions remain, and overall LOR remains significantly higher than it was pre-pandemic.
Source: autobodynews.com
Average Length of Rental Still Increasing, But at Slower Pace
Parts issues, technician staffing and more complex repairs continue to be referenced by industry experts as factors in longer repair times.
Source: autobodynews.com
Average Length of Rental Up 3 Days Year-Over-Year
The results continue to be exacerbated by supply chain disruptions, parts delays, collision repair backlogs, claims process challenges and technician shortages.
Source: autobodynews.com