Claims in the fourth quarter of 2022 declined less than 1% versus the same quarter in 2021. Losses were up nearly 55% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the rebound in claims stalled during the fourth quarter of 2022 compared to […]
U.S. Auto Body Repair Prices Up Over 8% in April Compared to Last Year
On a year-over-year basis, the rate of increase in auto body repair prices is down from recent months and the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through April, released May 10, show the rate of growth of auto body repair prices continues to […]
Third Quarter 2022 Collision Repair Average Weekly Wages Up Nearly 15% Compared to 2021
Employment was also up and exceeded pre-pandemic 2019 levels. An analysis of U.S. auto body repair facilities, employment and wages by state shows that collision repair employment continued to improve in the third quarter of 2022 and exceeded 2019 levels for the first time since the pandemic. Average weekly wages were up significantly in the […]
Collision Repair Industry Production Up Over 11% in February Compared to Last Year
Production and total employment set new records. 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 were up on a year-over-year basis but down slightly from record level in January. Overall, total collision […]
U.S. Traffic Volume Up in January Compared to 2022
Traffic up compared to last year even with higher year-on-year gas prices. Traffic volume in January increased compared to the previous year following two months of decreases. While traffic volume was above last year, it came in below the same month in 2019 prior to the impact of the pandemic. Monthly traffic on a year-on-year […]
Top 10 U.S. Auto Insurers Had Over 76% Market Share in 2022
Progressive moves into second place on the list of top 10 private passenger auto insurers. NAIC reports auto insurance premiums earned up nearly 5% in 2022. Total direct premiums earned on private passenger auto insurance were $270.26 billion in the U.S., up 4.86% from 57.7 billion in 2021 according to final data released March 28 […]
U.S. Auto Body Repair Prices Up Over 9% in February Compared to Last Year
On a year-over-year basis, the rate of increase in auto body repair prices is down from last month and the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through February released Tuesday, March 14 show the rate of growth of auto body repair prices is […]
Collision Repair Industry Production Sets New Record in December
Average weekly production hours worked at 40 hours for second month in a row. November was first time in more than two decades. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary December collision repair employment, hours worked and wages indicated production increased […]
U.S. Traffic Volume Declined in November Compared to 2021
Traffic down as higher year-on-year gas prices, continued high inflation and a tough comparison to a strong November 2021 drive traffic decline for the month. Traffic volume in November declined compared to the previous year after three months of increases. While traffic volume was below November 2021, traffic volume was above the same month in […]
Collision Claims Were Up Just Over 1% in Third Quarter Compared to 2021
Claims in the third quarter of 2022 remain below pre-pandemic levels. Losses were up 38% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the third quarter of 2022 continued to rebound, but comparisons to pre-pandemic levels declined. Losses, however, […]
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