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% […]
U.S. Length of Rental Up in April in Wake of Pandemic Response
The latest data show length of rental up over two days nationally. Enterprise Rent-A-Car’s Length of Rental (LOR) reports have long served as an industry proxy for repair cycle times. Enterprise measures LOR by three main vehicle statuses: Drivable, Non-drivable and Total Loss. Factors such as storms and changes to vehicle mix can affect LOR, […]
Vehicle Travel Continues to Rebound Across the U.S.
Personal travel road traffic improved nationally and in every state for the week ending May 15. According to the latest INRIX U.S. National Traffic Volume Synopsis covering the week of May 9-15, for the fourth straight week travel continued to rebound across the U.S. Nationwide personal travel improved to levels last seen on Monday, March […]
Nearly 9 out of 10 Collision Repair Facilities in U.S. Report Lower Sales in April
Collision repair facilities remain open but business has slowed dramatically. More than 70% of shops report receiving government funding. The vast majority of collision repair facilities responding to a CollisionWeek study are open, but have reported further declines in sales versus March due to the coronavirus response. Operator sentiment on their business survival has improved […]
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