Production and total employment forecast at record high level in January. Hours worked down slightly from December, but up from January 2020 and 2021. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary January employment, hours worked and wages indicated growth on a […]
U.S. Gasoline Demand Rebounds in February
While the surge in COVID-19 cases impacted demand in January, February gasoline consumption closed in on 2019 levels despite higher fuel prices. Gasoline demand rebounded sharply in February following four weeks of declines throughout January. The four-week moving average of gasoline consumption had been above 2019 levels for four of five weeks reported in December, […]
U.S. Traffic Volume Above 2019 Levels in December
Full year traffic volume bounced back from pandemic low last year to within 1% of 2019. December traffic was up 11.2% compared to December 2020. The December result marks the 10th straight month that traffic volume was up versus 2020. Travel volume in December increased on a year-over-year basis and the versus 2019 levels. Travel […]
Collision Repair Industry Production Exceeded Pre-Pandemic Levels in December
Production employment increased to level last seen in February 2020 prior to pandemic. Hours worked above 2019 average. Number of women employees sets new record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary December employment, hours worked and wages indicated growth on […]
Collision Claims Up Nearly 21% in Third Quarter Compared to Pandemic Impacted Quarter in 2020
Third quarter claims remain over 4% below 2019 level. Losses up over 25% 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 continued to rebound from the impact of the coronavirus on summer travel in 2020. Collision […]
Most Profitable States for Auto Insurers in 2020
While the pandemic caused an upheaval in the auto physical damage insurance market and carriers rebated premiums, many states were more profitable for insurers during 2020 than before the pandemic. The latest data from the National Association of Insurance Commissioners (NAIC) illustrates how the first year impacted by the COVID-19 pandemic increased profits for private […]
Collision Claims Up Over 46% in Second Quarter Compared to Pandemic Impacted Quarter Last Year
Second quarter last year had been down nearly 36%. Quarter remains below 2019 level. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the second quarter continued to rebound from the historic impact from the coronavirus lockdowns last year. Collision coverage claims for […]
U.S. Auto Body Repair Prices Up Over 8% in November Compared to 2020
The increase in auto body repair prices continues above the rate of inflation. Marks largest year-on-year increase since 1982. The most recent government figures on inflation through November 2021 show the rate of growth of auto body repair prices is above the rate of general inflation for the fifth month in a row. The result […]
Percentage of Collision Repair Facilities Reporting Improved Sales Compared to Last Year Up in October
Employment remains issue as long-term unfilled positions remain near 20-year record high. OEM part delays improving. A larger percentage of collision repair facility operators report business improved in October on a year-over-year basis compared to those reporting higher sales the previous month. The percentage reporting higher year-over-year (YoY) sales increased to more than three out […]
Collision Repair Industry Production Returned to Pre-Pandemic Levels in September
Production employment increased to level last seen in March 2020. Hours worked above 2019 average. Number of women employees at all-time record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary September employment, hours worked and wages indicated growth on a year-over-year basis […]
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