This year, Simplicity Car Care will host its annual conference in Banff. Designed for the organization’s Canadian collision centers—along with insurers, suppliers and other industry partners—the event focuses on driving repair efficiency across its network.
Average wholesale prices in October were down only modestly month-over-month and were up year-over-year, bolstered by lingering impacts from hurricanes Harvey and Irma.
The initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through ÌÀÍ·Ìõ systems in Q3 2017, was $3,019, $16 less than this same period last year. However, continued development suggests a final Q3 2017 average appraisal value of $3,043, which represents an increase over the same quarter last year.
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 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.