Toronto, Ontario — Enterprise has recently released Q3 2023 data that reveals the overall collision-related length of rentals (LOR) in Q3 2023 is 16.3 days, a slight decrease from Q3 2022.
Newfoundland and Labrador touts the lowest LOR across the country, according to Enterprise data, at 14.1 days—a full two days shorter than the second-shortest LOR in New Brunswick (16.1 days).
Furthermore, when it comes to the length of rentals individually across provinces, P.E.I had the highest LOR at 19.6 days, followed by Ontario at 18 days and Quebec at 17.2. This was also closely followed by Nova Scotia, Alberta and New Brunswick at 16.4, 16.2 and 16.1 days respectively.
Of all the provinces, P.E.I represents an outlier with a 5.7 day increase in LOR from last year.
Additionally, when it comes to drivable LOR, Q3 saw an increase of 0.4 days to a total of 12.3 days, while non-drivable LOR was up nationally 1.3 days to 32.7 days total.
For individual provinces, Quebec and Nova Scotia were the only provinces to see a non-drivable LOR decrease at -1.2 days and -4.0 days respectively. Quebec was also the only province to see LOR below 30 days at a total of 25.7.
According to Enterprise’s report, the May and July 2023 hailstorms that swept through Edmonton and Calgary were a probable contributor to Alberta’s non-drivable results at 34 days, with impacts likely to continue through the fourth quarter of 2023.
However, this increase does not match P.E.I which had a non-drivable LOR of 49 days, a 9.9 increase over the results of Q3 2022.
Moreover, when it comes to total loss claims, nation results saw a total of 24.5 days, a 0.7 day increase from 2022.
Individual province results saw P.E.I with the highest totals at 28.2 days, a 1.9 day increase. Additionally, while Alberta’s LOR was in the middle of all provinces, total loss claims saw a 4.7 day increase due to the severe summer storms.
Enterprise’s report ends with the summarization that the LOR results for the third quarter “demonstrate impacts from supply chain disruptions, parts delays, collision repair backlogs and technician shortages. With the complexity of vehicle repairs only increasing for both ICE and EV vehicles, the entire [automotive] industry must play a part in ensuring all collision-related businesses are aligned.”
To read the full report, see the link below:
