CREF Raises $100,000 at Golf Fundraiser

cation process between shop and insurer. Enterprise spoke with Dominic Martino, owner of Gold Coast Auto Body in Chicago, who said: “We are consistently seeing seven to 10 business days elapse between initial estimate or supplement submission and repair authorization. And if the submission requires reconciliation, we could see an additional three to fivedays.Wheninsurerstaffarecoming into the shop in-person, we see reconciliation times drop to 24 to 48 hours.”

Total Loss Claims

The LOR for rentals associated with total loss claims was 17.3 days in Q2 2022, up 3.1 days from 14.2 in Q2 2021. Washington was highest at 22.8 days,followedbyOregon(20.9),West Virginia (20.8), Alaska (20.2), Idaho (20.1)andNorthCarolina (20.1). Iowa was lowest at 14.2 days, followed by Wisconsin (14.5), Nebraska (14.5),Wyoming(14.6), Florida (14.8) and Maine (14.9).

While Washington’s results were anincreaseof8.4daysfromQ22021, Hawaii (17.2) dropped 1.2 days, and Wyoming saw a small drop of 0.2 days. Notably, California (16.6) was only up 0.6 days.

“With used vehicle values reaching new highs in Q2 2022, total loss frequency continued to decline to the lowest level in the past six years at 14.2%, compared to 17.1% in Q2 2021,” Mandell said.

Summary

The results for the second quarter of 2022 offer several items of note. As noted in the first quarter, the second quarter results are traditionally the lowest of the year. While the historical trending seems to have returned, the results themselves continue to be exacerbated by supply chains disruptions, parts delays, collision repair backlogs, claims process challenges and technician shortages.

And with the complexity of vehicle repairs only increasing, for both ICE and BEV models, the entire industry must play a part in ensuring all collisionrelated businesses are aligned—not just for procedural solutions, but to ensure our mutual customers receive safe and proper repairs, and excellent experience and peace of mind.

Enterprise is committed to partnering with insurers, repairers and suppliers on each one of these issues. Through foundational support provided by the Enterprise Holdings Foundation, Enterprise is spearheading the Collision Engineering Program, in partnership with Ranken Technical College. The program, designed to attract and develop entry-level talent to fill essential roles within the collision repair industry, is piloting at four schools nationwide.

For more information, visit www.beacollisionengineer.com.

Source: Enterprise

Your leading source for MIDWESTERN Collision Repair News!

midwestern.autobodynews.com

The Collision Repair Education Foundation’s (CREF) 20th Annual Golf Fundraiser, co-hosted by PPG Automotive Finishes, was a roaring success. Held on July 19 at the Edgewood Country Club in Pittsburgh, PA, the event sold out to capacity with 146 sponsors and industry supports enjoying a day on the greenwhileraisingover$100,000 to support collision repair programs, schools and students around the country.

The winning team, with a score of just 56, consisted of Rich Finoli, PPG; Steve Morelli, community supporter; Derek Severns, Bowser Automotive; and John Parran, PPG.

Participants also had the chance to win great prizes by competing in individual hole contests.

Helicopter ball drop winners included Linda Mazur, community supporter; Charlie Jordan, Caliber Collision; and Mary Mahoney, Enterprise Holdings.

Source: CREF

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