Audatex Directions Examines the Impact of Asian Vehicles on Repair Costs
15 Jun 2009
Audatex Data and Analysis Reveal Higher Repair Costs versus Domestic Vehicles
SAN DIEGO, CA (June 15, 2009) - Audatex North America, Inc. has released the latest quarterly volume of its industry trends publication, Audatex Directions. This issue's feature article examines the increase in share of Asian vehicles and their impact on average repair costs.
The article's key findings, produced with the company's business intelligence software Audatex Insight, show an average of $75
higher costs to repair Asian vehicles over domestic vehicles. Several
reasons for the higher costs are cited, including the fact that Asian
vehicles:
- Are typically one model year newer and have 12,000 fewer miles
- Have higher Actual Cash Values (ACVs)
- Are 22 percent less likely to be declared a total loss after a collision
The Audatex data goes deeper to show that Asian vehicles, on
average, require 1.8 more labor hours than domestic damaged vehicles.
For a free copy of Audatex Directions, please visit the Audatex Web site:
"Given the economic state of both consumers and U.S. automakers,
it's important to explore the repair trends and data on Asian vehicles,
which outsold American automakers for the first time beginning in
2008," said
John Kotsopoulos
, Managing Director for
Audatex North America. The figures we are seeing are important for
consumers, insurers and collision repairers alike."
Other articles in the latest Audatex Directions explore:
- What's driving insurance supplements
- HOV stickers and their impact on vehicle valuations
- Part 2 of a special series on Lean Six Sigma for collision repair
- Guest articles from PCI, Insurance Auto Auctions & APU Solutions
- Special news from Hollander and eBay
About Audatex North America, Inc.
Audatex is the leading global claims solutions provider serving the
automotive industry. Active today across six continents, Audatex
provides world-class claims solutions that help customers automate
their processes; managing millions of claims each year efficiently and
effectively, and resolving billions in claims settlements. Beyond a
leading presence in automotive claims, our growing footprint also
extends into the automotive related financial services and
medical claims solutions markets. As part of the Solera group of
companies, Audatex, Sidexa, Informex, ABZ, Hollander and IMS draw on
unique global experience to develop and deliver the latest
technologies, market intelligence and best practices on a local level.
For more information, please refer to the Company's website at www.audatex.us.
Back to News