Ottawa, Ontario — According to Enterprise’s latest LOR report, the nationwide rental length (LOR) for collision-related rentals was 15.5 days in the second quarter of 2024. This represents a decrease of 1.3 days from the same quarter in 2023, but an increase compared to pre-pandemic levels.

Alberta reported the highest LOR at 17.3 days, an increase of 0.3 days. It was the only province to report higher results than in the second quarter of 2023.

Ontario had the second highest LOR at 16.4 days, a decrease of 1.9 days from the second quarter of 2023.

Prince Edward Island had the lowest LOR at 13.4 days, a significant decrease of 6.5 days from the second quarter of 2023.

The drivable LOR for Q2 2024 was 12.2 days, a slight decrease of 0.1 from Q2 2023. Alberta again recorded the highest drivable LOR in the country at 13.6 days, an increase of 0.5 days from Q2 2023. Ontario was the next highest city at 13.3 days, a decrease of 0.4 days. Likewise, PEI had the lowest drivable LOR at 9.1 days – a decrease of 4.4 days.

For non-driveable duration, overall rates for the second quarter of 2024 were 28 days, a decrease of 2.4 days from the second quarter of 2023. Newfoundland and Labrador had the highest non-driveable duration at 35.7 days – a significant decrease of 7.5 days from the same period last year.

Alberta had the second highest LOR at 34 days. Nova Scotia and Prince Edward Island were the only other provinces with results above the 30-day mark in second place.

In comparison, Quebec had the lowest non-driveable LOR of all provinces at 22.4 days, and all provinces saw non-driveable LOR decrease during the quarter. However, when comparing Q2 2024 to Q2 2021, non-driveable LOR increased by 10.9 days.

Finally, looking at the duration of total losses, total losses on rentals in the country were 21.2 days in the second quarter of 2024, a decrease of 3.1 days compared to the second quarter of 2023.

Here, Prince Edward Island had the highest LOR at 38.4 days, an increase of 8.6 days from the second quarter of 2023. In all other provinces, the LOR decreased overall, with Alberta seeing a minor decrease of 0.1 days, while Quebec saw a more significant reduction of 12.3 days.

Compared to the second quarter of 2023, Canada’s overall loss frequency increased to 18.8 percent, up from 17.9 percent in 2023. Enterprise’s report states: “As vehicle values ​​continue to decline, we expect overall loss frequency to also gradually increase, particularly as the increase in loss magnitude shows no signs of abating. As more vehicles are written off, the more expensive repairs will no longer flow into repair shops and overall repairable volumes will decline, resulting in fewer bottlenecks and delays at repair shops.”

Click here to view Enterprise’s full report.