For the 15th straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices increased below inflation for past seven months. The most recent government figures on inflation through September 2019 indicate the rate of growth of auto body repair prices continues above the rate of inflation, marking more […]
U.S. Average Length of Rental Up in Third Quarter Compared to 2018
Midwest and Mid-Atlantic regions saw largest increases. For the fourth consecutive quarter, the average length of rental increased across the U.S. according to the latest data from Enterprise Rent-a-Car. Average Length of Rental (LOR) for Q3 2019 landed at 12.4 days in the United States, an increase of .4 days compared to Q3 2018. Once […]
Dealership Body Shop Sales Up in First Six Months of 2019
While sales are up, NADA mid-year report sees slight decrease in percentage of dealers operating body shops. According to the latest data from the National Automobile Dealers Association (NADA), sales at dealership body shops increased in the first six months of 2019 compared to the same period last year. According to NADA, the total auto […]
Collision Claims Down in Second Quarter
Auto physical damage indicators influencing collision repair industry volume declined during the second quarter of 2019 compared to the previous year. Loss cost continues to increase. 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 […]
Collision Repair Industry Production Down Slightly in July Compared to 2018
Production in the U.S. was down in July versus 2018 and from the previous month. 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 2019 was down compared to July 2018 and declined versus June. Production remains below […]
Collision Repair Facilities Report Widespread Impact on Parts Supply from General Motors Strike
More than 80 percent of respondents report part supply issues on GM vehicles attributed to UAW strike. Collision repair facility operators across the U.S. are reporting they have experienced parts delivery delays on General Motors vehicles that have been attributed to the ongoing strike between the manufacturer and the UAW that began on September 16. […]
Traffic Volume Hits Record Levels in July
Compared to the same month in 2018, traffic volume in the U.S. was up in July. The 12-month rolling average sets another new record. Travel volume in July increased on a year-over-year basis. July’s result returns traffic volume to growth after a 0.3 percent decline in June versus June 2018. Since March 2014, there have […]
Collision and Comprehensive Net Written Premiums in 2018 Grew at Highest Level in Nearly 20 Years
In 2018, combined collision and comprehensive premiums written in the U.S. grew at levels not seen in decades. According to data published by the Insurance Information Institute, private passenger automobile insurance collision and comprehensive coverage premiums in 2018 were up at the highest level since 1999. Net Written Premiums in 2018 for private passenger collision […]
Collision Repair Industry Production Up Under 1% in May Compared to 2018
Production in the U.S. was up in May versus 2018 but down from the previous month. 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 May 2019 was up compared to May 2018 but declined versus April. Production remains […]
U.S. Auto Body Repair Prices Up Nearly 4% in July Compared to Last Year
For the twelfth straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices increased below inflation for past five months. The most recent government figures on inflation through July 2019 indicate the rate of growth of auto body repair prices continues above inflation, marking a one full year […]