Genuine Use: OEM parts utilization is higher in EV repair claims, says Mitchell report

Toronto, Ontario ⁠— Mitchell shared its second-quarter insights for Canadian and U.S. EV repair claims last week, where it said electric vehicles use OEM parts in repairs far more than ICE vehicles.

According to Mitchell’s data, 90.75 percent of parts used in EV repair claims are OEM; for ICE repair claims, 66.5 percent of parts utilized are OEM.

Mitchell data also says just 13.49 percent of parts are repaired on EV claims, compared to 19.20 percent on ICE vehicle claims.

Claims severity is also higher with electric vehicles.

“As it relates to average severity…EV costs continue to exceed those of ICE automobiles,” wrote the company. “For Q2 2023, severity costs were higher for EVs by $1,328 in Canada.”

Mitchell’s Plugged In reports also outline the top North American markets based on its claims data. British Columbia has claimed the number one spot in all reports since Q4 2022, when Mitchell released its first report, and continues to rank number one in Q2 2023, with 5.22 percent EV claims. California is second (4.32 percent EV claims), while Quebec takes third (3.10 percent EV claims).

For more information or to view Mitchell’s Q2 2023 Plugged In: Collision Insights report, click here.

The post Genuine Use: OEM parts utilization is higher in EV repair claims, says Mitchell report appeared first on Collision Repair Magazine.

SHARE VIA:
Facebook
LinkedIn
Twitter
Email

Sign-up for the Collision Repair daily e-zine and never miss a story –  SUBSCRIBE NOW FOR FREE!

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Our other sites

Our other sites