Compared to the same month in 2018, traffic volume in the U.S. was up in July. The 12-month rolling average sets another new record. Travel volume in July increased on a year-over-year basis. July’s result returns traffic volume to growth after a 0.3 percent decline in June versus June 2018. Since March 2014, there have […]
Collision and Comprehensive Net Written Premiums in 2018 Grew at Highest Level in Nearly 20 Years
In 2018, combined collision and comprehensive premiums written in the U.S. grew at levels not seen in decades. According to data published by the Insurance Information Institute, private passenger automobile insurance collision and comprehensive coverage premiums in 2018 were up at the highest level since 1999. Net Written Premiums in 2018 for private passenger collision […]
Collision Repair Industry Production Up Under 1% in May Compared to 2018
Production in the U.S. was up in May versus 2018 but down from the previous month. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that collision repair industry production in May 2019 was up compared to May 2018 but declined versus April. Production remains […]
U.S. Auto Body Repair Prices Up Nearly 4% in July Compared to Last Year
For the twelfth straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices increased below inflation for past five months. The most recent government figures on inflation through July 2019 indicate the rate of growth of auto body repair prices continues above inflation, marking a one full year […]
U.S. Average Collision Repair Length of Rental Up in Second Quarter Compared to 2018
Latest data from Enterprise Rent-a-Car shows Mountain, Northwest and California regions had largest increases. For the third consecutive quarter, the average length of rental increased across the U.S. Average Length of Rental (LOR) for Q2 2019 landed at 11.8 days in the United States, an increase of .2 days compared to Q2 2018. Once again, […]
Traffic Volume Up in May
Compared to the same month in 2018, traffic volume in the U.S. was up in May. The 12-month rolling average sets new record. Travel volume in May increased on a year-over-year basis. This is the third monthly increase on a year over year basis in traffic volume since a monthly decline versus the previous year […]
Collision Claims Continued to Decline in First Quarter
Auto physical damage indicators influencing collision repair industry volume declined during the first quarter of 2019 compared to the previous year. Loss cost continues to increase. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims decreased in the U.S. during the 12 months […]
Collision Repair Industry Production Up 4% in April Compared to 2018
Production was up in April versus 2018 but down slightly from the previous month in the U.S. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that collision repair industry production in April 2019 was up compared to April 2018 but declined versus March. Production […]
U.S. Auto Body Repair Prices Grew Faster than Inflation in First Half of 2019
For the eleventh straight month, the increase in body repair prices was above the rate of inflation. Auto insurance price increased below inflation for past four months. The most recent government figures on inflation through June 2019 indicate the rate of growth of auto body repair prices continues above inflation. For the first half of […]
Record Revenue Reported by U.S. Collision Repair Non-Employers
Backyard Competition: While the overall number of individuals reporting collision repair income decreased, revenue increased to record levels in 2017. 2018 collision repair revenue projections updated. As the collision repair industry continues to grow as indicated by our reports detailing the number of independent repair facilities with payroll and collision repair production, the number of […]
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