For the eighth straight month, the increase in body repair prices was above the rate of inflation. Auto insurance price increased below inflation in March. The most recent government figures on inflation through March 2019 indicate the rate of growth of auto body repair prices continues above inflation, but was down on a month-over-month basis. […]
Percentage of Dealers Operating Auto Body Shops Declined in 2018
Both the percentage of dealers operating collision repair facilities and dealership shop sales decreased last year versus 2017. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealership operating on-site body shops was down in 2018 versus the previous year. NADA’s research pegs the percentage of dealers operating on-site […]
Collision Claims Declined in Fourth Quarter
Auto physical damage indicators influencing the collision repair industry declined during the fourth quarter of 2018 compared to the previous year. Growth in collision insurance coverage slows. 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 […]
Collision Repair Industry Production Up in December
Production was up in December versus both 2017 and the previous month. For the year, however, production declined. 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 December 2018 was up compared to both 2017 and November. Production remains […]
Just 3 of the Top 10 Largest Auto Insurers Grew Market Share During 2018 in the U.S.
Overall market share of 10 largest private passenger auto insurers in the U.S. slightly down compared to 2017. For the first time in six years, the 10 largest private passenger automobile insurers saw their market share decline slightly in 2018 compared to the previous year. The top 10 insurers accounted for 72.17 percent of premiums […]
U.S. Auto Body Repair and Auto Insurance Prices Grew Faster than Inflation in January
After a monthly decline in December, auto insurance price increases returned in January versus the previous month. Auto body price growth is slower. The most recent government figures on inflation through January 2019 indicate the rate of growth of auto body repair prices has been growing, but is somewhat flat on a month-over-month basis. Even […]
U.S. Average Length of Rental Increased in the Fourth Quarter of 2018
Increase follows two quarters of flat length of rental results. After flat results in the second and third quarters, Enterprise Rent-A-Car data indicates and increase in the last quarter of 2018. Average Length of Rental (LOR) for Q4 2018 landed at 12.7 days in the United States, an increase of .3 days compared to Q4 […]
Collision Repair Industry Production Up in November
Production was up in November versus both 2017 and the previous month. Increases in production employee wage slow. 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 November 2018 was up compared to both 2017 and October. Production remains […]
Traffic Volume Increased in November
Compared to the same month in 2017, traffic volume in the U.S. was up in November. The 12-month rolling average sets new record. Travel volume in November increased on a year-over-year basis. This is the second straight month where the monthly driving total increased on a year-over-year basis after declining in September. In total just […]
Collision Claims Continued to Decline in Third Quarter
Auto physical damage indicators influencing the collision repair industry declined during the third quarter of 2018 compared to the previous year. Claims remain below year ago levels while losses increased. 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. […]