Search
 

Mitchell 3Q Report: Volatile Gas Pricing Impacts Claims, Resale Values

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.

By Christina Bramlet | Updated on August 11, 2011

Insurers are already acutely aware of the linkage between gas prices and the number of vehicle miles travelled. What may be less apparent, however, 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 International, Inc. explores the relation of volatile fuel pricing to claims in the 2011 third quarter edition of its Industry Trends Report (ITR), which offers a quarterly snapshot of the auto physical damage collision and casualty industries. Supporting his assertions with statistics from various sources, Greg Horn, ITR editor-in-chief and Mitchell’s vice president of industry relations, delves into the company’s total loss valuation data warehouse to explain how the year’s rapid changes in gas pricing are impacting resale values for cars of various fuel efficiencies in different ways.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.