Respondents to our most recent survey indicate sales in October compared to last year were down slightly more than in September and August. A growing percentage of collision repair facility operators responding to the most recent Collision Repair Business Conditions survey covering October reported that sales were down, reversing a trend of lower numbers reporting […]
Gasoline Consumption Up Over 5% on Week Ending November 6 Compared to Previous Week
The four-week moving average remains over 10% below year ago levels. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending November 6 was up versus the previous week and the four-week moving average remained below the 10% level compared to last year. The weekly gasoline consumption […]
Collision Claims Declined Over 35% in Second Quarter Compared to 2019
Coronavirus lockdowns in the U.S. dramatically impacted quarterly claims and losses in the first half of 2020. Earned car years, however, continued to grow. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) quantifies the historic impact of coronavirus lockdowns on private passenger collision claims and losses during the […]
Four-Week Moving Average U.S. Gasoline Consumption Down Nearly 11% Compared to Last Year on Week Ending October 30
The four-week moving average has declined four straight weeks to its lowest level compared to last year since before July 4 holiday. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending October 30 was down versus the previous week and the four-week moving average dropped below […]
Collision Repair Facility Sales Remain Down Over 14% in September
Respondents to our most recent survey indicate sales in September compared to last year were down slightly more than in August. October projected to restart improvement. While more collision repair facility operators responding to the most recent Collision Repair Business Conditions survey covering September reported that sales were up, the shop-size weighted sales comparison to […]
Traffic Volume in August Down Over 12% Compared to 2019
Of concern, the improvement in traffic volume compared to last year paused at the end of summer, down over 1 percentage point below July. Travel volume in August decreased substantially on a year-over-year basis and the decrease was greater than that recorded in July. Travel for the month of August is estimated at 251.3 billion […]
Collision Repair Industry Production Increase in July and August on Month-Over-Month Basis
Employment improved each month since low in April when coronavirus business restrictions took hold and lowered driving and accidents. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the final July and preliminary August employment, hours worked and wages shows continued improvement overall. However, while […]
U.S. Winter Outlook Favors Cooler and Wetter North and Warmer, Drier South
NOAA forecast sees ongoing La Nina influencing winter weather as persistent drought dominates the Western landscape. The National Oceanic and Atmospheric Administration (NOAA) winter forecast for the U.S. favors warmer, drier conditions across the southern tier of the U.S., and cooler, wetter conditions in the North, thanks in part to an ongoing La Nina. Forecasters […]
U.S. Gasoline Consumption Increased for Fourth Week in a Row on Week Ending October 2
Four-week moving average at best level compared to last year since state shutdowns began in March. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending October 2 was up versus the previous week and the four-week moving average dropped under the 9-10% range below last year’s […]
Traffic Volume in July Down Over 11% Compared to 2019
While driving was starting to increase as state lockdowns eased, travel remained considerably below previous year levels. Travel volume in July decreased substantially on a year-over-year basis. July’s result is the fifth straight monthly decline in traffic volume compared to the same month in 2019 driven by the pandemic. While traffic volume had been up […]