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Monday, 19 October 2020 16:09

Enterprise Releases U.S. Length of Rental Data for Q3

Index

As patterns of “new normal” emerge---from continued remote working to limited travel, business as usual and everything in between---Enterprise has continued to track results and patterns in the Length of Rental (LOR) for the U.S. and Canada.

The second quarter of 2020 saw a wild swing from April’s increase to June’s stabilization---do Q3’s results follow suit?

 

Excluding total losses, average replacement LOR for Q3 was 12.2 days in the U.S., slightly down from Q3 2019’s result of 12.4 days.

 

“The latest data for LOR indicates a return to previous seasonality patterns, and follows suit with PartsTrader’s slight uptick in the number of replacement parts per repair order,” said Greg Horn, chief innovation officer at PartsTrader. “The parts suppliers have rapidly returned to pre-COVID-level delivery times and frequencies.”

 

Colorado posted the most significant LOR decrease. In Q3 2019, the state had an average LOR of 14.5; in Q3 2020, Colorado posted an LOR of 12.8, a good sign considering the impact many cities faced from summer 2019’s hail storms.

 

Eleven other states, plus the District of Columbia, showed a year-over-year drop of more than one-half day.

 

Conversely, South Dakota recorded an increase in LOR in 2020, going up 1.4 days from 11.4 to 12.8. Arkansas, Connecticut, Iowa, Louisiana, Mississippi, Montana and Vermont also saw increases greater than half a day.


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