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Insurance claims, arguably the largest driver of revenue, were down which directly impacted collision topline. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate.
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Introduction to DataTouch’s Data Pump Manager DataTouch LLC , a Software as a Service (SaaS) provider established in 2022 , focuses on offering solutions tailored for the collisionrepair industry. The Data Pump Manager addresses this issue by allowing shops to opt out of sharing their repair estimates, thus preventing data misuse.
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” survey this past October, a statistic unchanged from the same survey a year earlier, which was the first to ask about shops’ billing (and insurers’ payment) practices related to the procedure. That’s up five percentage points from 2023. The results of previous surveys are also available online ( [link] ).
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Types of Auto Body Repair Services There are several services in auto body repair, each important for different types of damage. CollisionRepairCollisionrepair refers to the reconstruction or fixation of severe damage to a vehicle’s structure and body when involved in an accident.
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