SOURCE: Mitchell International

October 29, 2007 09:00 ET

Mitchell Releases Latest Edition of Its Industry Trends Report

Features Include Results of Alternative Parts Usage Study and an Analysis of the Impact Imported Chinese Vehicles Could Have on Global Salvage Pricing

SAN DIEGO, CA--(Marketwire - October 29, 2007) - Mitchell International, a leading provider of information, workflow, and performance management solutions to the collision claims and repair industries, today released the third quarter 2007 edition of its Industry Trends Report (ITR) -- the company's quarterly publication that highlights industry-related news items and statistics.

This edition's Quarterly Feature, "Measuring Alternative Parts Usage," (APU) analyzes the increasingly popular trend of APU and the important role it plays in the collision repair industry, given that parts can typically comprise 40% of a repair's dollars. The recent analysis, which cross-referenced a random data set of estimators and estimates against Mitchell's extensive database of parts prices, clearly shows that the practice of choosing less expensive parts of equal quality over parts from an Original Equipment Manufacturer (OEM) has been on the rise for several years.

The analysis also demonstrates the various methods used to measure APU, including Percent of Dollars and Percent of Part Count, and their relationship to part cost differential. The study's results indicate that the higher APU percentage, the higher the parts cost differential.

"Our analysis shows, without a doubt, that APU percentages and parts cost differential are closely linked to one another," said the feature's author, Jamison Day, Senior Director of Information Solutions at Mitchell International. "It's also quite interesting to note that our analysis shows that both APU metrics appear to be equally accurate predictors of cost differential."

This edition also includes a special feature by Greg Horn, Mitchell's Vice President of Industry Relations. The article examines the possible impact that importing Chinese vehicles into the U.S. could have on global salvage prices.

Other valuable points of interest in the current issue of Mitchell's ITR include:

--  In Q3-2007, the average Property Damage appraised vehicle Actual Cash
    Value was $11,957 compared to Q3-2006's average of $11,957 -- reflecting no
    change from this time last year.
    
--  At $14,070, the average Actual Cash Value of vehicles appraised for
    Collision losses during Q3-2007 was $673 more than in Q3-2006 and also
    reflected the presence of slightly older vehicles.
    

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

About Mitchell International, Inc.

Mitchell International (www.mitchell.com) is a leading provider of information, workflow, and performance management solutions to the automotive insurance claims industry, serving carriers, collision repair facilities, and other commercial participants in the physical damage and auto-related medical claims markets. Mitchell facilitates millions of electronic transactions between more than 16,000 business partners each month to enhance their productivity, profitability, and customer satisfaction levels.

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