AutoInc. Magazine
   
Enter Our Photo Contest!
MAGAZINE
Home
Current Issue
Ad Index
AutoInc. Archive
How to Contribute
Reprint Permission
RSS
READER SERVICES
Subscription Info
Letters to the Editor
ANNUAL FEATURES
Top 10 Web Sites
Software Guide
NACE Online Daily News
How's Your Business?
ADVERTISING
Ad Opporunities
Media Planner
ABOUT AUTOINC.
AutoInc. Mission
Meet Our Staff
  Stat Corner

Crash Count

Posted 1/20/1998
By Denise Caspersen

According to the latest figures from the Insurance Information Institute (1997 Fact Book), auto repair costs per claim increased 61.9 percent over a 10-year period from $1,134.15 in 1984 to an average $1,835.71 in 1993. When broken out by year, the taxes on parts and storage demonstrated the largest portion of increase from an average of $73.79 to $160.62 per claim. The amount spent on parts (OEM, non-OEM and salvage) demonstrated a more gradual change from $602.96 in 1984 to $930.12 in 1994.

A recent review of the collision aftermarket industry by Keystone Automotive Industries also shows a gradual increase in parts costs. According to Keystone, a collision parts distributor, collision parts (both OEM and aftermarket combined) generate $9.6 billion in parts sales - approximately 13 percent of the total aftermarket sales of $75 billion. Broken out, OEM collision parts generate $8.6 billion in sales while aftermarket collision parts sales equal approximately $1 billion.

Body parts such as fenders, hoods and radiators make up 38 percent of Keystone's product line. An additional 38 percent is composed of chrome and plastic bumpers. The remaining product lines include paint products (18 percent), light truck accessories (4 percent), auto glass (1 percent) and remanufactured alloy wheels (1 percent).

The Alliance of American Insurers recently released an information kit promoting the use of aftermarket parts. To obtain a copy of "Aftermarket Parts: A Consumer Issue," contact Cathy Berglund at (847) 330-8532.

Data concerning the use of collision aftermarket parts is currently limited. The Automotive Service Association is seeking ways to gather and formulate accurate avenues for analyzing the automotive aftermarket.

Stat Corner is written by Denise Caspersen, ASA's research management specialist. She can be reached at (800) 272-7467, ext. 236.


share your thoughts...

RATE THIS ARTICLE

What do you think of this article? Your input will help AutoInc. develop additional articles on this subject. Share your thoughts!

Your name

Your e-mail address

  

MOST ACCESSED ARTICLES

  • Fuel Injection Service, Not Just Cleaning
  • The Art of Extraction
  • EGR Systems: Operation and Diagnosis
  • Proactive Target Marketing:_Rethinking Your Business Strategy
  • Engine Performance: HO2S Diagnostics

    MOST E-MAILED ARTICLES

  • Developing Employee Potential
  • How Critical Thinking Can Help Your Business
  • How to Diagnose the Ford Glow Plug
  • What to Look for When Shopping for the Right Shop Management Software
  • Putting a Price Tag on Complaints
  • AutoInc. Web Site | ASA Web Site | Halftime for the 105th Congress | Proper Timing Tips to Get Under Your Belt | Assessing the Quality of Aftermarket Collision Repair Parts | Women Want Positive, Receptive Customer Service | Top 10 Automotive Repair Web Sites | Guest Editorial | Tech to Tech | Tech Tips | Shop Profile | Net Worth | Stat Corner | Chairman's Message

     
    Copyright (c) 1996-2008. Automotive Service Association. All rights reserved.
    XML Add RSS headlines.