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 […]
U.S. Auto Body Repair Prices Up Over 4.5% in May Compared to 2019
For the 22nd 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 May 2020 indicate the rate of growth of auto body repair prices continues above the rate of general […]
Personal Vehicle Travel Up 4% Week Ending June 5
Vehicle travel still down 12% from February and 25% on seasonally adjusted basis. The latest INRIX U.S. National Traffic Volume Synopsis covering the week of May 30 – June 5 shows overall travel continued to increase nationwide across all vehicle types in the 12th week of the pandemic response induced decline. Personal travel was down […]
Government Jobs Report Shows Surprising Strength as Unemployment Rate Declined in May
Employers brought more people back to work in May than expected in hopeful sign of a faster economic recovery. The latest report from the U.S. Bureau of Labor Statistics released this morning showed that total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent. The result surprised […]
Passenger Traffic Volume Up 3% Last Week
Passenger travel improvements occurred in every state for the sixth week in a row amid Memorial Day holiday. According to the latest INRIX U.S. National Traffic Volume Synopsis covering the week of May 23-29, overall travel stabilized for the week as personal travel increased but long-haul truck and fleet travel were impacted by the holiday. […]
Traffic Volume Improved Last Week at Largest Rate Since Start of Coronavirus Crisis
Four states and one metropolitan area exceeded pre-crisis traffic levels. According to the latest INRIX U.S. National Traffic Volume Synopsis covering the week of May 16-22, travel for the week increased at the highest rate since reaching a bottom in early April. Passenger travel continued to trend upwards with its largest weekly increase, down 19% […]
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