This month we take a look at recent data on vehicles being sold and driven in the U.S. and the impact on costs within the automotive claims and collision repair industries. Light trucks sales are booming which has helped push the average new vehicle transaction price to over $33K. Increased supply of vehicles into the used marketplace from more leases, rental risk units and trade-ins are starting to soften used vehicle price as well. The automotive claim and collision repair industries are now starting to see more of the younger vehicles within the claims mix which is starting to raise repair costs. Furthermore, total loss claims are also experiencing a shift to a slightly newer mix after numerous years where the vehicle mix saw the largest growth in the oldest segment.
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