For the 28th straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices down dramatically in wake of pandemic refunds and discounts. The most recent government figures on inflation through November 2020 indicate the rate of growth of auto body repair prices continues above the rate of general […]
Gasoline Consumption Down for Fourth Week in a Row
For the week ending December 4, gasoline demand was down over nearly 5% compared to the previous week and over 14% versus a year ago. Efforts to discourage Americans from traveling during the Thanksgiving holiday resulted in reduced gasoline consumption in the U.S. The latest data from the U.S. Energy Information Administration (EIA) showed that […]
Gasoline Consumption Continued Downward Trend on Thanksgiving Week
The four-week moving average is down more than 17% from year ago levels. Increasing pandemic related travel restrictions appear to have impacted passenger vehicle travel. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending November 27 was down versus the previous week and the four-week moving […]
Collision Repair Facility Sales Remain Down Over 15% in October
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 […]
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