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Monday, 19 October 2020 16:09

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

Index

LOR with associated drivable claims saw a slight increase of one-tenth of a day, from 10.97 in 2019 to 11.06 in 2020. Non-drivable results showed a four-tenths of a day decrease, from 18.0 days in 2019 to 17.62 in 2019. Total Loss remained stable, decreasing slightly from 14.7 in 2019 to 14.6 in 2020.

 

Conclusion

 

Overall, LOR results seem to have stabilized since the initial COVID-19 disruptions in March and April. Results in Q4 will bear watching, as many schools are returning to in-person classes in parts of the country.

 

“We’ll also watch the weather for late fall and early winter as well as the average number of parts per estimate,” added Horn.

 

Source: Enterprise


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