The Canadian CARSTAR franchise network will celebrate its 30th anniversary in Victoria, BC by hosting its annual conference. Over the course of three days, the CARSTAR team, along with professionals from across the industry, will gather to celebrate this milestone, attend informational sessions and strengthen connections with one another during events like the vendor trade show.
Total loss data for both vehicle age and actual cash value of total loss vehicles processed through ÌÀÍ·Ìõ servers.
The average gross initial appraisal value, calculated by combining data from all first and third party repairable vehicle appraisals uploaded through ÌÀÍ·Ìõ Canadian systems in Q3 2017, was $4,003 - a $178 decrease from Q3 2016. Factoring for development yields an anticipated increase to $4,042.
With hundreds of exhibiting companies and thousands of attendees,
The chart below illustrates the total loss data for both vehicle age and actual cash value of total loss vehicles processed through ÌÀÍ·Ìõ servers.
The following commentary is produced monthly by Tom Kontos, Executive Vice-President, ADESA Analytical Services. ADESA is a leading provider of wholesale used vehicle auctions and ancillary remarketing services.
The initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through ÌÀÍ·Ìõ systems in Q2 2017, was $3,046. Continued development suggests a final Q2 2017 average appraisal value of $3,143, which represents an increase of $122 compared to the same quarter last year.