Skip to main content

September 2023 Southeast Edition

Page 1

S OU T HE A ST E DI T I ON

AUTOBODYNEWS.COM

AL / FL / GA / MS / NC / SC / TN / VA / WV

Length of Rental Decreases Year-Over-Year For First Time Since Start of Pandemic Enterprise released Length of Rental (LOR) data for the second quarter of 2023, showing a 0.3-day decrease— from 17.7 days to 17.4—compared to the same quarter last year, the first dip in LOR year-over-year since the initial stages of the pandemic.

LORs was 9.6 days, compared to a gap of 9.0 days in Q2 2022. In the contiguous 48, the gap was 7.2 days between Georgia (20.5) and Iowa and North Dakota (both 13.1). In Q2 2022, this gap was 8.9 days between Louisiana and North Dakota.

42 YEARS

Vol. 14 / Issue 7 / September 2023 REGIONAL NEWS

Canada-Based Auto Firm To Invest $800M in 3 Tennessee Plants By Andrew Lambrecht InsideEVs

Magna International works in a multitude of automotive industry sectors, supplying components for many vehicles, both fossil fuel-powered and electric, and its

subsidiary, Magna Steyr, builds EVs like the Jaguar I-Pace and Fisker Ocean. Worldwide, the firm operates 342 facilities, playing a significant role in the global auto industry. On July 21, the Canadian-based automotive firm announced it will

l CONTINUED ON PAGE 13

It was also a 1.5-day decrease from the first quarter of this year, when LOR was 18.7 days, which fits historical seasonal trending of a decrease from the first quarter to the second quarter. While positive, these results continue to reflect the new normal, as the LOR for the second quarter in 2021 was 13.2 days. Alaska recorded the highest overall LOR in Q2 at 22.7 days, followed by Georgia (20.5), Colorado (20.2) and Louisiana (20.1). Hawaii had the lowest LOR with 13.1 days. North Dakota and Iowa were next-lowest at 13.3 days each, with DC (13.5) and Nebraska (13.9) completing the states under 14 days. Interestingly, the gap between the highest—Alaska—and lowest—Hawaii—

Only three states saw a yearover-year increase of a day or more: Minnesota (+1.4), New Mexico (+1.2), and Montana (+1.0). Eighteen additional states saw increases while five other states were flat. Notably, 24 states, plus Washington, D.C., saw decreases. Rhode Island (-2.0), DC (-1.9) and Louisiana (-1.8) had the largest decreases. John Yoswick, editor of the weekly CRASH Network newsletter, said: “We’re seeing a number of trends that could account for some—though not a lot—of decline in LOR, at least for now. Shops’ backlog of work tends to drop in the spring, and this year was no exception. The national

REGIONAL NEWS

Mercedes EQE Loaner Car Burns Down Inside Florida Homeowner’s Garage By Dan Mihalascu InsideEVs

A Mercedes-Benz EQE sedan caught fire and burned to a crisp inside a Nocatee, FL, homeowner’s garage July 19, severely damaging the building. The 2023 Mercedes-Benz EQE 350+ sedan was in the garage when it caught fire. According to Jennifer Ruotolo, the EV was a loaner from Mercedes-Benz while

l CONTINUED ON PAGE 12

l CONTINUED ON PAGE 18

St. Johns County Fire Rescue shared to Facebook this photo of a 2023 MercedesBenz EQE 350+ sedan that caught fire in a home garage

INSIDE THIS ISSUE 8

Columnist Mike Anderson: Technical and Financial Considerations Related to Your Paint Department

4

Columnist Abby Andrews: SCRS Executive Director Responds to Criticism of Right to Repair Pact Signed with Automakers

14

Columnist Stacey Phillips: Body Shop Owners Discuss Mentorship Programs Initiated with Support from Toby Chess, Part 2

PERMIT #288 ANAHEIM, CA

PAID

Change Service Requested P.O. BOX 1516, CARLSBAD, CA 92018

PRESORTED STANDARD U.S. POSTAGE


Turn static files into dynamic content formats.

Create a flipbook