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Friday, 22 October 2021 15:46

Enterprise: Collision-Related Length of Rentals Up 3 Days Compared to a Year Ago

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Enterprise released Length of Rental (LOR) data for the third quarter of 2021, which shows overall LOR for collision replacement-related rentals is 15.2 days, an increase of almost three full days compared to the third quarter of 2020.

This includes replacement rentals for both drivable and non-drivable repairs, as well as those for total loss claims.

 

Every state, plus the District of Columbia, saw an increase. On the low end, only two states---Iowa, up 0.4 and South Dakota, up 0.7---saw an increase of less than a day, while three states---Hawaii, Illinois and Wyoming---had increases between one and two days.

 

Twenty-six states, plus DC, saw increases between two and three days, while 19 states had increases of three full days or more.

 

Such a marked increase is based on a myriad of factors, a backlog of repairs being one.

 

According to John Yoswick, editor of the weekly CRASH Network newsletter: “Repairers are reporting the highest backlog in five years. On average, U.S. shops have work scheduled for the next 2.6 weeks, a full week longer than reported three months ago, and in the third quarter of 2020. Only one shop in 20 has reported no backlog, and 55% of shops report having two full weeks or more of work scheduled into the future.”

 

Another potential driver is parts. Enterprise asked PartsTrader’s Chief Innovation Officer Greg Horn for his views.

 

“We track parts delivery days by part type and by vehicle make for more than 1.7 million monthly transactions for all part types and have seen increases,” said Horn. “Interestingly, the number of quotes has remained steady, indicating...


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