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Archive for June, 2021

Latest Quarterly Trends for Commercial Collision Claims

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The following provides benchmarking insights and trends compiled from our ADJUSTRITE® Commercial Estimating system. The data reflects information compiled from both insurance and shop estimates from the United States and Canada. For all metrics, the information excludes known total losses.

Severity over time graph

In Q1 2021, severity averaged 8.1% higher than Q1 2020 and numbered approximately $9,100, similar to the previous quarter. However, taking into consideration seasonal severity, the current trend indicates an increase from quarter to quarter.

Q1 Sales Mix Percentage Graph

Sales mix in Q1 shifted to parts from labor, sublet, and paint materials.  The largest negative swing occurred in sublet, a trend that began in Q2 of 2020 when the sublet percentage was 7.3%. 

 

Table 1 – Sales Mix Percent for Q1 of 2019, 2020, & 2021

 

 

 


Labor mix in Q1 further indicates a growing shift towards mechanical work, a trend noticed since Q2 2020.  Paint experienced the largest negative swing in the labor mix for Q1.

Table 2 –  Labor Mix Percent for Q1 of 2019, 2020, & 2021

 

 

 


Average labor dollars for body and paint in the first quarter saw increases of 7.2% and 4.7%, compared to Q1 2020.  Average labor dollars in the frame, mechanical and miscellaneous categories all experienced declines.

 

 

 

 


Table 3 – Average Labor Dollars for Q1 of 2019, 2020, & 2021

 

 

 

 

Compared to last year’s first quarter, Q1 2021 saw increases in average dollars per estimate for sublet, paint materials, and shop supplies, with the latter experiencing the largest increase of 9.4%.  Sublet in Q1 2021 showed its first percentage increase since Q4 2019.

Thank you for your continued interest in studying the latest industry metrics for commercial collision claims.

About AdjustRite:
The AdjustRite® Commercial Estimating system is an industry-leading platform in the medium-to-heavy-duty equipment repair and claims industry. The system is a Web-based, fully mobile application, driven by a comprehensive database of commercial vehicles and equipment including: tractors, trailers, trucks, boxes, motor coaches, RVs, and buses. To learn more about the AdjustRite Commercial Estimating System, visit www.adjustrite.com.

HD Repair Forum To Be Held at TMC Fall Meeting

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Arlington, Virginia – Today, the American Trucking Associations’ Technology & Maintenance Council and the Heavy Duty Repair Forum, announced they have agreed to co-locate their fall events at the 2021 TMC Fall Meeting and Transportation Technology Exhibition this September in Cleveland.

“We are pleased to welcome the HD Repair Forum and their attendees to join us this September,” said TMC Executive Director Robert Braswell. “Our events truly complement each other and should provide tremendous benefits for our members, attendees, vendors and sponsors.”

The HD Repair Forum is the largest conference solely dedicated to the heavy-duty collision repair industry, and with today’s announcement it will mark the first time the event has co-located with another industry event.

“Today’s announcement offers additional significance because the HD Repair Forum and the TMC Fall Meeting and Transportation Technology Forums will be our organizations’ first in-person meetings since the COVID-19 pandemic,” Braswell said. “This is another milemarker in our industry’s road to recovery and we are excited to gather in Cleveland this fall.”

HD Repair Forum President and Co-Founder Brian Nessen also said HDRF will now be held twice a year with a spring and fall format moving forward at venues and dates to be announced.

“Our attendees have asked for a bi-annual event almost since our inaugural event. And for this year, our advisory board suggested we consider co-locating with another industry event as we move back to in-person conferences,” he said. “Co-locating with TMC was a natural fit considering many of our advisory board members are regular attendees and supporters of the TMC events and supporters of their efforts to improve the industry.”

As a result of co-locating with the TMC, Repair Forum attendees and partners will have an opportunity to attend the Council’s technical exhibition, educational sessions and meetings, as well as the many events surrounding the National Technician Skills Competition, TMCSuperTech 2021.

TMC’s 2021 Fall Meeting will be held September 12-16 at the Huntington Convention Center in Cleveland. The HD Repair Forum will take place September 15-16, with a schedule of events and registration information coming soon.

For more information on this year’s TMC Fall Meeting, call (703) 838-1763 or visit http://tmcfall.trucking.org.