Mitchell Releases Q3 Trends Report - Collision Repair Magazine

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Mitchell Releases Q3 Trends Report

Written by CRM News

Monday, 04 August 2008

SAN DIEGO, CA -- August 2, 2008 -- Mitchell International has released the third quarter 2008 edition of its Industry Trends Report (ITR)—the company’s quarterly publication that highlights industry-related trends, news items and statistics.

This edition's Quarterly Feature, "The Average Severity of Hybrid versus Gas Vehicles," by Mitchell's Senior Director, Information Services, Jamison Day, discusses the recent results of a study conducted by Mitchell that examines the differences in estimates and average severities between traditional, gasoline powered vehicles and their hybrid counterparts.

"The ever increasing gasoline prices have effected virtually every aspect of our economy, including increasing the demand for hybrid vehicles," said Day. "Given their increasing popularity, we thought it would be interesting to see how the hybrid's average estimate amounts compared and explore what might be driving the differences."

Day commented further, saying, "Our study looked across different geographies and also drilled down into parts and labor dollar categories. We saw that hybrid severities were consistently higher across different states and found that both parts and labor costs were higher for the hybrid vehicle repairs."

Complete content is available in the latest Industry Trends Report, which may be downloaded in PDF format by visiting 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.

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