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Mitchell Reports a Lower Total Loss Rate for Electric Vehicles
Mitchell released its latest trends report: Plugged-In: EV Collision ºÚÁÏÉçÇø. This quarter’s report examines total loss frequency for electric and ICE automobiles. In the U.S. and Canada from Q1 to Q3 2023, the EV total loss rate was 7.25% for models 2020 and newer. Luxury ICE automobiles had a rate of 7.47% versus 8.49% for all ICE vehicles.
Mazda and Mitchell Renew Collision Network Agreement and Introduce Program Enhancements
Mitchell and Mazda North American Operations (MNAO) today announced that they have signed a contract renewal. Under the terms of the contract, Mitchell will continue to serve as program administrator of the Mazda Collision Network in the United States.
Current Used Vehicle Market Conditions: Q3 2023
Average wholesale prices declined for the third month in July, although at a slightly more gradual rate than in June. Prices have so far stabilized in August and remain up by around 30% versus pre-pandemic.
Mitchell Named a Global Leader in Cloud Computing for Innovative, AI-Powered Appraisal Review Solution
Mitchell today announced that it received a 2023 Stratus Award for Cloud Computing from Business Intelligence Group. The organization’s annual awards program seeks to identify the companies, products and people offering unique solutions that take advantage of cloud technologies.
NTHECC 2023 Fall Meeting
The National Truck and Heavy Equipment Claims Council (NTHECC) will host its