Major auto physical damage indicators influencing the collision repair industry continued to increase in third quarter. Losses on collision claims up 10 percent for year ending in Q3.
According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims and losses continued to grow in the U.S. during the third quarter of 2016 compared to 2015. The number of collision claims has grown in every quarter since 2013 compared to the same quarter in the previous year.
Data through the end of the third quarter of 2016 shows that collision