The Q2 2023 U.S. Size of Rental (LOR) outcomes (17.4 days) present the primary dip in LOR year-over-year for the reason that first levels of the pandemic, in accordance with figures launched lately by Enterprise Hire-A-Automotive.

Whereas optimistic, these outcomes proceed to replicate the brand new regular, as LOR for Q2 2021 was 13.2 days. Size of Rental is outlined as substitute rental autos which are within the store for repairs. Knowledge gathered by Enterprise’s automated rental administration system (ARMS) tracks the size of time a substitute automobile is rented to collision heart prospects and is taken into account a proxy for automobile restore time.

The report concludes: Because the numbers present, the development of ‘predictable’ seasonal LOR continues. The LOR lower is optimistic, and plenty of repairers are discovering methods to anticipate and function within the new regular. Nonetheless, difficult market circumstances stay, and total LOR stays considerably greater than it was pre-pandemic.

Alaska recorded the best total LOR in Q2 at 22.7 days, adopted by Georgia (20.5), Colorado (20.2) and Louisiana (20.1). Hawaii had the bottom LOR with 13.1 days. North Dakota and Iowa had been next-lowest at 13.3 days every, with DC (13.5) and Nebraska (13.9) finishing the states underneath 14 days.

“We’re seeing a number of traits that might account for some – although not loads – of decline in LOR, no less than for now,” mentioned John Yoswick, editor of the weekly CRASH Community publication, within the report. “Outlets’ backlog of labor tends to drop within the spring, and this yr was no exception. The nationwide common backlog was 4.7 weeks in Q2 2023, down from 5.8 weeks the prior quarter. Earlier than the pandemic, the everyday second quarter decline in backlog was about three days.”

Within the Enterprise report, Yoswick additionally famous: This yr, the drop was nearly eight days, and the proportion of retailers that might schedule a job in two weeks or much less elevated 14 share factors to 27%. Whereas that’s the highest share of retailers with a ‘regular’ backlog since October 2021, it’s nonetheless removed from the pre-pandemic second quarter common of 72%.

Almost half of all outlets (46%) had been nonetheless scheduling work 4 or extra weeks into the long run. That may be a vital decline from 60% within the first quarter of this yr, but additionally removed from the everyday 7% with that size of backlog pre-pandemic.

Non-Drivable Autos

LOR for non-drivable claims was 25.6, a 0.8-day lower from Q2 2022.

Montana had the best LOR at 36.0 days, a 3.1-day improve. Subsequent highest was Alaska (35.4), adopted by Colorado (32.2). All advised, eight states had non-drivable LOR larger than 30 days, with six extra states at 28 days or greater.

Oregon (31.5) had the best improve at 3.3 days.  Positively, solely 13 states had non-drivable LOR will increase, whereas 37 states plus DC had decreases. Examine this to Q2 2022, when each single state and DC had a rise of no less than 1.2 days.

Drivable Autos

For leases related to drivable repairs, LOR in Q2 2023 was 15.5 days, a 0.3-day improve.

Alaska additionally had the best drivable LOR in Q2 2023 at 18.8 days. Georgia (18.6), Tennessee (17.8) and Louisiana (17.7) had been the next-highest.

Whole Loss Autos

For leases related to complete loss claims, LOR was 16.5 days, a 0.8-day lower over Q2 2022.

Whereas Alaska had the best outcomes at 25.3 days (+5.1 days), the subsequent highest was Kentucky at 20.3 days, adopted by Montana at 20 days.