The latest statistics from the National Association of Insurance Commissioners indicates that the private passenger auto physical damage insurance returned to profit in 2017. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2017, released this month, showed some improvement in private passenger auto physical damage (APD) […]
Big 4 Collision Repair MSO Location Growth in North America Exceeds Last Year
The Caliber-ABRA merger focuses attention on the large MSO growth. With more than three weeks left in 2018, ABRA, Boyd, Caliber and Service King have already grown their total number of locations at both a higher unit and percentage growth rate compared to last year. With ABRA’s announcement on December 4 that its latest acquisitions […]
U.S. Collision Repair Industry Revenue Nearly $44 Billion in 2017
Latest data shows independent and OE dealer collision repair facilities were just short of $44 billion in annual revenue during 2017. The latest analysis of government and industry statistics covering 2017 indicates that the combined revenue of independent and OE dealer collision repair facilities increased for the eighth straight year in 2017. The analysis by […]
Collision Repair Industry Production Down in August
Production was down in August versus both 2017 and the previous month. Production hourly wage up over 3 percent versus previous year. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that collision repair industry production in August was down compared to both last year […]
Traffic Volume Declined in September
Compared to the same month the previous year, traffic volume in the U.S. was down in September. The 12-month rolling average slightly down from record high level in August. Travel volume in September declined on a year-over-year basis. This is the third month in 2018 where the monthly driving total declined on a year-over-year basis. […]
U.S. Average Length of Rental in the Third Quarter Flat Compared to 2017
For the second consecutive year, Enterprise Rent-A-Car reported that length of rental at U.S. collision repair facilities is flat in the third quarter compared to the year before. Average Length of Rental (LOR) for Q3 2018 landed at 12 days in the United States which is even compared to Q3 2017 according to Enterprise Rent-A-Car. […]
Collision Claims Down in Second Quarter
Auto physical damage indicators influencing the collision repair industry declined during the second quarter compared to last year. Claims below year ago levels while losses up. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims decreased in the U.S. during the 12 months […]
U.S. Auto Body Repair Price Growth Above General Inflation in September
U.S. auto body repair prices in September were up both month-on-month and year-on-year. The most recent government figures on inflation through September 2018 indicate the rate of growth of auto body repair prices is increasing after slowing somewhat during the first several months of the year. Both general inflation and auto body repair prices have […]
Collision Repair Industry Production Down in July
Production was down in July versus 2017 but up from June. Production hourly wage up over 5 percent versus previous year. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that collision repair industry production in July was down compared to last year and remains […]
Collision Repair Industry Business Conditions: Q2 2018
Collision repair shops reporting higher sales up over 12 percentage points compared to the second quarter of 2017. Shops reporting higher earnings also up in the second quarter. The CollisionWeek quarterly survey of business conditions reported by collision repair facility owners and managers indicates that the overall percentage of facilities with higher sales was up […]