While production was down year-over-year, it was up slightly month-over-month.
An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary February collision repair employment, hours worked and wages indicated production was up compared to January but down compared to the previous year. Monthly production over the past year has been down in seven of the past 12 months compared to the previous year. Production peaked in April 2023 at 8.26 million hours per week.
The production decline from the recent record high levels is expected given that, as CollisionWeek
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