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What's driving repair severity for certain vehicles? Is it the number or complexity of parts? Find out here.

What's driving repair severity for certain vehicles? Is it the number or complexity of parts? Find out here.

Although incredibly tragic for the nation, the tsunami in Japan, had little net impact on vehicle parts pricing, according to Mitchell's ITR.

The spring tsunami did not cause a surge in aftermarkets part usage or a scarcity in OEM parts, as many had predicted.

What may not be apparent to insurers are the myriad ways in which persistently high fuel prices affect consumer decisions and behavior that directly impact both the severity and frequency of auto insurance claims.

Mitchell illustrates the relationship between swelling fuel prices, total losses, and the resale value of cars from the most fuel-efficient hybrids to gas-guzzlers.

Hybrid vehicles overall have higher collision claim frequencies and a 6.5 percent, or $182, higher average claim severity than gas-powered vehicles, according to a Mitchell International Inc. study.

Mitchell International, Inc., has released the second quarter 2010 edition of its Industry Trends Report (ITR) that highlights industry-related trends, news items, and statistics.