Trend Tracker has published The UK Motor Claims and Body Repair Market Report 2022-2023, which provides both macro and micro analysis of the UK automotive incident repair market.
At more than 300 pages with nearly 100 individual graphs, the comprehensive report takes insights from industry leaders and stakeholders representing all sectors, providing the most forensic analysis of the current state of the industry.
Tailored to motor insurance companies, vehicle manufacturers, bodyshop networks, bodyshop groups, paint and distribution companies plus other product manufacturers within the supply chain, trade bodies, the internationally-recognised report provides extensive and in-depth coverage of the market challenges including repair volume, cost, and dynamics.
Among its findings, it reveals that living standards in the UK are facing their biggest drop since the end of the Second World War, with an economic revival not expected until 2025 at the earliest. It identifies rising interest rates, food prices and energy bills as the three most significant factors impacting disposable income.
Specific to the industry, a growing shortage of skills has led to severe wage inflation this year – as much as 20% in some cases – with employers across the board investing more in both recruiting and retaining staff.
Supply chain disruption also continues to be an issue, with one in five repair jobs still being delayed by a lack of one or more parts. With volumes increasing as winter sets in, the report has identified an increase in lead times in the last two months from 55 days to 59, with further strain is expected in the coming months.
Among the contributors this year are Dean Lander of Thatcham Research, Wayne Mason-Drust from Accident Express, Synetiq’s Sarah Hirst, Steve Thompson from industry charity Autoraise, Alan Hayes of Carpenters Group, Catherine Carey from Consumer Intelligence, David Shepherd of Cognoscenti, ECA Business Energy’s Steve Silverwood, and cap hpi’s Derren Martin.
Meanwhile, Trend Tracker’s report also includes a special feature on the electric vehicle charging market in the UK, provided by Zap-Map.
