Repair estimates were tracking at 61% year-on-year during February 2021 according to Trend Tracker which predicts a continued upward trend for the remaining first half of the year.
Utilising data such as .gov, apple, google mobility etc as well as other market sources, in combination with critical sources of data from its partners Audatex, Trend Tracker predicts repair estimate volumes will continue on an upward trajectory for H1 2021.
Steve Thompson, MD of Industry Insights – owners of Trend Tracker, said, “We are very pleased to be able to present this forecast to the market. Audatex have long since been a valued partner and their base line data has proven invaluable to calculate forecasted volumes. Our forthcoming report on the post Covid-19 world will continue to explore how businesses have managed through and are emerging from this pandemic.
“I am personally confident that the industry is now turning the corner and there is the proverbial light at the end of this long tunnel, in fact I am sure with a fair amount of pent-up demand in the economy, all business will see a very positive jump in their business during the second half of this year.”
Chris Wright, Regional Managing Director at Audatex stated, “Our research is indicating that as the lockdown restrictions are eased people will inevitably want to visit friends and family and will want to take the opportunity to get away from their homes for holidays or short breaks.
“This increased mileage will inevitably drive an increase in claims, we feel to at least 100% of pre Covid volumes for the summer months, then dropping back to about 85% – 90% as we enter the autumn and winter months.”
NBRA Executive Director, Chris Weeks added, “Repair volumes driven by accident claims are the oxygen for our industry and critical to its ongoing success.
“As hospitality opens in May and all restrictions lift in June NBRA estimate we will see claims move up to c. 87% of 2019 in line with Trend Trackers predictions.”
