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 […]
Gas Consumption Up 11% Last Week
Government statistics continue to show dramatic improvements, but weekly consumption is still down over 20% from mid-March levels. There is more good news on the state of economic activity as for the third straight week, data from the U.S. Energy Information Administration (EIA) showed gasoline consumption increased by more than 10% versus the previous week. […]
Traffic Volume Improved Across All States and Regions for Week Ending May 8
Decline since start of pandemic response now below 30 percent nationally. Gasoline prices show increases on higher demand. According to the latest INRIX U.S. National Traffic Volume Synopsis covering the week of May 2-8, travel continued to rebound across the U.S. Nationwide personal travel improved levels last seen on Monday, March 23, over six weeks […]
Gas Consumption Jumped Over 13% Last Week
Government statistics showed dramatic improvements as states began reopening, but weekly consumption is still significantly below mid-March levels. There is more good news on the state of economic activity as for the second straight week, data from the U.S. Energy Information Administration (EIA) showed gasoline consumption increased by more than 10% over the previous week. […]
Traffic Volume Improved Week Ending May 1
The latest connected vehicle traffic volume data indicates that traffic volume increased again last week. According to the latest INRIX U.S. National Traffic Volume Synopsis covering the week of April 25 through May 1, travel continued to rebound, particularly personal travel. Nationwide personal travel improved levels last seen on Wednesday, March 25th, over five weeks […]
Traffic Volume and Gas Consumption Increased Last Week
Connected car traffic volume and government gasoline statistics continued to improve as states start reopening process. Data from both INRIX on traffic volume and the U.S. Energy Information Administration (EIA) point towards an increase in traffic for the week ending April 24. Last week, we reported that both gasoline consumption and traffic volume appeared to […]
U.S. Gasoline Consumption Up Last Week
More good news as government data shows gasoline consumption increased during the week ending April 17. Data from the U.S. Energy Information Administration through April 17 showed gasoline consumption showed a substantial percentage increase after being up slightly the week before. Gasoline had seen massive drops in demand for three straight weeks. Gasoline consumption for […]
U.S. Average Length of Rental Up in First Quarter Compared to 2019
Latest data from Enterprise Rent-A-Car shows trends towards higher rental length continued in the U.S. during the first quarter. For the sixth consecutive quarter, average length of repairable rental (LOR) increased across the U.S. The latest data from Enterprise Rent-A-Car shows average LOR for the first quarter of 2020 in the U.S. was 13.2 days, […]
U.S. Traffic Volume Stabilized Last Week
Connected car analytics indicates passenger travel has stabilized, but commercial traffic continued to decline. INRIX, the provider of connected car services and mobility analytics, provided an analysis of U.S. traffic volume for the week of April 11-17 showing that personal vehicle travel had declined 46% versus travel volume based upon a February 22-28 control week, […]
Collision Repair Facility Layoffs and Sales Declines Increased in First Half of April
Collision repair facilities remain open but business has slowed dramatically in the second half of the month. More than four out of five shops apply for government funding. The vast majority of collision repair facilities responding to a CollisionWeek study in mid-April were open, but have reported further declines in sales versus the beginning of […]
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