Summary

IAA’s 2020 Industry Report is now available. It’s full of fascinating and unexpected insights on the U.S. and Canadian economies, the automotive, automotive salvage, and claims industries, as well as related economic indicators, including unemployment, vehicle miles driven, real GDP, claims volume, rush hour congestion, whole crushed auto-body prices, metals, used-car prices, new vehicle sales, fuel prices, the U.S. dollar, and much more. Front and center in the report is how the COVID-19 pandemic sent shockwaves across the industry, creating tremendous volatility in every sector throughout 2020 that are still reverberating into 2021. Finally, the report takes a look at where the industry may be headed to in 2021.

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