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.
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.
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.
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.