Employment down over 36,000 or nearly 15%. Preliminary results for May showed significant improvement, but there is still a long way to go to get to pre-pandemic production levels. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering final April and preliminary May employment, hours […]
Collision Repair Industry Cautious on SEMA Attendance in Face of Pandemic Safety Concerns
Over half of collision repair industry respondents to our survey said they were likely not or definitely not planning to attend this year’s event and the meetings surrounding it due to safety concerns. The majority of collision repair industry participants, insurers and suppliers who responded to a CollisionWeek survey on their plans to attend SEMA, […]
Gas Consumption Down Slightly for Week Ending June 26
While week-on-week deliveries were down, the four week moving average of gas supplied to the U.S. market is now down less than 16% compared to 2019. Data from the U.S. Energy Information Administration (EIA) showed gasoline consumption was down slightly for the week ending June 26 after a large increase the previous week. For the […]
Overall Vehicle Travel Reached Pre-Pandemic Levels Week Ending June 26
The decline in traffic volume in the U.S. that began in March has been erased, though traffic remains below seasonally adjusted levels. The latest INRIX U.S. National Traffic Volume Synopsis covering the week of June 20 – June 26 shows traffic volume in the U.S. returned to pre-pandemic levels overall. The 7-day rolling passenger travel […]
Gas Consumption Up Over 9% for Week Ending June 19
The 4-week moving average of gasoline supplied to the U.S. market now down less than 20% compared to 2019. There is more good news on the state of economic activity as data from the U.S. Energy Information Administration (EIA) showed gasoline consumption up as the economy continues to open. For the week ending June 19 […]
Collision Repair Facilities Report Sales Declines Worsened in May
Over 9 out of 10 collision repairers reported lower sales in May compared to 2019. Shop size weighted sales decline increased over April. Collision repair facility operators responding to the most recent CollisionWeek Collision Repair Business Conditions survey covering May, reported sales continued to be depressed by the pandemic response that took cars off of […]
Personal Traffic Volume Up 4 Percentage Points for Week Ending June 19
Traffic now down just 3% from February and approximately 17% compared to last year. The INRIX U.S. National Traffic Volume Synopsis covering the week of June 13-19 showed continued improvement in traffic volume as states ease stay-at-home orders and businesses reopen. Nationally, when compared to the late February control week, personal travel down 3% vs. […]
Collision Repair Length of Rental in May Down in the U.S. Compared to Last Year
Eight states had a decrease of one day or more from 2019. The collision industry was affected in many ways by the COVID-19 pandemic – repair volume, transportation shutdowns, customer concerns, and process disruptions. In April 2020, Enterprise Rent-A-Car analyzed these impacts on its Length of Rental (LOR) across the three main vehicle statuses: Drivable, […]
Personal Vehicle Traffic Volume Above February Levels in 22 States for the Week Ending June 12
Personal travel across the U.S. was down 7% compared to February and 20% compared to last year. According to the latest INRIX U.S. National Traffic Volume Synopsis covering the week of June 6-12 the rebound in personal vehicle traffic continued as more states reopen for business. The chart below shows the relative change in passenger […]
Gas Consumption Up Over 4% for Week Ending June 5
Government statistics continue to show week over week improvements, but the 4-week moving average is still down over 20% compared to 2019. There is more good news on the state of economic activity as for the third straight week and eight of the last nine weeks, data from the U.S. Energy Information Administration (EIA) showed […]
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