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Smash repair IBISWorld industry report

The IBISWorld Industry Report called On a collision course: Vehicle insurers are increasing their leverage over the industry was released last month.

Although the number of vehicles crashes has declined in most years, minimising revenue volatility, it is the growing power of insurance companies within the industry that is significantly reducing industry revenue. The falling number of motor vehicle accidents has reduced demand for industry services and enabled insurers to pay smash repairers less, contributing to the revenue decline.

via IBISWorld industry report.


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