Fourth-quarter 2008 appraisal values for collision and comprehensive losses were largely unchanged compared to the same period in 2007, according to a recent report from an auto damage estimating and management firm.
San Diego-based Mitchell International Inc.'s latest Industry Trends Report noted that the 2008 fourth-quarter initial average gross collision appraisal value is $2,898, which is $55 more than the fourth quarter of 2007. For comprehensive losses, the 2008 fourth-quarter initial gross appraisal value was $2423, an increase of $56 over last year.
Mitchell's figures are compiled through appraisal data uploaded to Mitchell's Advanced Information Management System from participating insurance carriers, body shops and independent appraisers.
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