Auto body repair prices in September up more than three percent compared to year ago. Auto insurance prices were up over eight percent during the same period. The most recent government figures on inflation through September 2017 indicate the rate of growth of auto body repair prices has increased slightly taking it to nearly 1 […]
Collision Claims, Frequency and Losses Up in Second Quarter
Auto physical damage indicators influencing the collision repair industry continued to increase in the second quarter of 2017. Losses on collision claims up nearly 10 percent compared to previous year. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims and losses continued to […]
Collision Repair Industry Production Remains at Record Levels Through July
For the fourth consecutive month, the collision repair industry in July achieved record levels of production. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that total production for the collision repair industry in July remained at record levels. The industry’s total production, which we […]
Collision Repair Industry Business Conditions: Q2 2017
Collision repair shops reporting higher sales and earnings overall compared to 2016 increased during 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 increased in the second quarter of 2017 compared to 2016. The overall percentage […]
Traffic Volume Growth Slows in June
June vehicle traffic growth rate 55 percent lower than May. Traffic volume up 1.2 percent for the month. Travel volume in June continued to grow following the rebound in April and May. The growth is continuing the trend of increased driving that supports increasing collision repair industry volume and auto physical damage insurance claims across […]
Collision Repair Industry Production Reaches New Record in May
For the second consecutive month, the collision repair industry in May achieved record levels of production. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that total production for the collision repair industry was up in May to record levels. May’s performance builds up April’s […]
U.S. Body Repair Prices, Auto Insurance and Inflation Through July 2017
Auto body repair prices in July up less than two percent compared to year ago. Auto insurance prices were up nearly 6 percent during the same period. The most recent government figures on inflation through July 2017 indicate the rate of growth of auto body repair prices has declined slightly bringing it closer to the […]
Traffic Volume Growth Accelerates in May
May vehicle traffic growth rate 83 percent higher than April. Traffic volume up 2.2 percent for the month. Travel volume in May continued to grow following the rebound in April after slower growth in March. The growth is continuing the trend of increased driving that has led to increasing collision repair industry volume and auto […]
Length of Rental Growth Slowdown Continued in Q2 2017
According to the latest research from Enterprise Rent-A-Car, the slowdown in the growth U.S. collision repair industry’s average length of rental that began in the first quarter continued in the second. Average Length of Rental (LOR) in the Second Quarter 2017 landed at 11.54 days, representing only a fractional rise of .07 days versus […]
Collision Claims, Frequency and Losses Up in First Quarter
Auto physical damage indicators influencing the collision repair industry increased in the first quarter of 2017. Losses on collision claims up nearly 10 percent compared to previous year. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims and losses continued to grow in […]