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Friday, 22 October 2021 08:46

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

Index

...three and four days. DC came in highest with a 6.2-day LOR increase, followed by South Carolina with an increase of 4.8 days.

 

Summary

 

Enterprise explored the large LOR increases with several industry experts. Through these discussions, additional anecdotal considerations were identified.

 

One is the ongoing technician shortage in the collision industry. According to CRASH Network’s quarterly “Who Pays for What” survey, four out of five shops said they would hire a qualified candidate right away, while 29% of shops said they would hire two new employees if they could. Only 21% of shops reported themselves as fully staffed with no openings, compared to the 37% of shops reporting as fully staffed just six months prior.

 

When asked about specific job positions, 51% of shops said they have a current need for at least one body technician.

 

The collision industry, much like many others, is facing a bit of a perfect storm of supply chain disruptions, talent shortages and new processes.

 

In its Q3 2020 LOR analysis, Enterprise mentioned “additional insights that could understand how state, regional and national results have been impacted by the pandemic conditions, and whether or not these results are a new baseline going forward.” Given these market challenges, "expect the unexpected" could be the new normal.

 

Source: Enterprise

 

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