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 […]
U.S. Traffic Volume Near 2019 Levels in September
September traffic bounced back from August decline to third best month since start of pandemic compared to 2019. Travel volume in September increased on a year-over-year basis and the decrease compared to 2019 levels was the third smallest since the start of the pandemic. Travel for the month of September is estimated at 266.7 billion […]
U.S. Auto Body Repair Prices Up Nearly 7% in October Compared to 2020
The increase in body repair prices was above the rate of inflation. Biggest year-on-year increase since 1989. The most recent government figures on inflation through October 2021 show the rate of growth of auto body repair prices is above the rate of general inflation for the fourth month in a row. The result comes after […]
Half of Collision Repair Facilities Reported Improved Sales in September Compared to Last Year
Long-term unfilled positions at 20-year record high. Concerns that new insurance claims processes are impacting estimator retention and recruitment. Collision repair facility operators continue to see improved sales compared to the last year, but the percentage reporting higher sales declined to just over half of respondents overall. Collision repair facilities reported higher sales across 50.1% […]
U.S. Gasoline Demand Above 2019 Levels in Mid-October
For just the second time since the start of the pandemic the four-week moving average was above pre-pandemic levels. Gasoline consumption continued to improve in the first half of October despite the headwinds from the resurgence of the COVID-19 pandemic during the summer and increasing gasoline prices. Gasoline demand had been at all-time record levels […]
U.S. Auto Body Repair Prices Up Nearly 6% in September Compared to 2020
The increase in body repair prices was above the rate of inflation for the third month in a row. The most recent government figures on inflation through September 2021 show the rate of growth of auto body repair prices is above the rate of general inflation throughout the third quarter. The result comes after increasing […]
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