Market insight

New RAC research shows that vehicles are now doing twice the weekly distance they were covering at the end of March. With the easing of restrictions the motoring organisation research shows that this weekend drivers will make an estimated three million trips to see their nearest and dearest, with around 1.9 million of those being made on Saturday and the remainder on Sunday. https://lnkd.in/dt9ZYrR

Our data for total loss instructions during the pandemic mirrors the RAC’s findings. Year on year, March saw a 12% drop in volumes, April 62% and May 57% reflecting reduced road usage during lockdown. As restrictions have been eased during May, we can see the resulting rise in total loss instructions: the last week in May saw a 40% increase on the first week in May. The graph below shows the period 1/5/20 – 4/6/20.

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Our salvage and recycling network, comprising 50 compliant sites across the country is fully operational and supporting our clients as motor claims and total loss incidents increase.