Insurance Market Report
Insurance Quarterly Report First Quarter 2016
Published June 7, 2016 - Written by IAA, Inc.
Summary
There was some cause for cautious optimism during the first quarter of 2016, as whole crushed auto-body prices increased 3.1% relative to the prior quarter. The average actual cash value of insurance vehicles increased year-over-year, despite a slight quarterly decline. The year-over-year increase is no surprise when you consider both average age and mileage also decreased annually, indicating higher-quality vehicles.
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