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Mitchell Releases Winter 2007 Edition of Industry Trends Report
Report Features Analysis of Changing Vehicle Sales Trends in the U.S. and Their Impact on Claims Costs
| Source: Mitchell International
SAN DIEGO, CA -- (MARKET WIRE) -- February 8, 2007 -- Mitchell International, a leading provider of
performance management solutions to the automotive insurance claims and
collision repair industries, recently released the Winter 2007 edition of
its Industry Trends Report, a quarterly publication highlighting recent
events impacting the auto physical damage collision and casualty
industries, and providing illuminating statistics and measures of interest
to APD collision / casualty professionals. Winter '07's Quarterly Feature
examines the shift in U.S. new vehicle sales from domestic- to
Asian-manufactured autos and the projected impact of shifting vehicle
populations on claims costs.
In July 2006, Toyota overtook Ford as the nation's second largest seller of
vehicles -- for the first time ever. The article concludes that the
emergence of an American automotive marketplace dominated by Asian-made
cars and trucks will impact the claims process and component costs
significantly, but may not produce much change in average, overall claims
costs. Industry data indicates that vehicles manufactured in Asia tend to
cost more to repair than American-made cars and trucks (about $67.00 more
on average in late 2006), although historical comparisons demonstrate that
this difference has been narrowing over time. Further, labor -- not parts
-- drives these higher, overall costs for Asian-manufactured autos.
The complete article appears in the latest Industry Trends Report.
Mitchell's Trends Report 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
Mitchell International is a leading provider of information and workflow
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 processes. Mitchell
facilitates millions of electronic transactions between more than 16,000
business partners each month to enhance their productivity, profitability,
and customer satisfaction levels. For more information on Mitchell
International, visit our website at www.mitchell.com.