Overall market share of 10 largest private passenger auto insurers in the U.S. slightly down compared to 2017. For the first time in six years, the 10 largest private passenger automobile insurers saw their market share decline slightly in 2018 compared to the previous year. The top 10 insurers accounted for 72.17 percent of premiums […]
U.S. Auto Body Repair and Auto Insurance Prices Grew Faster than Inflation in January
After a monthly decline in December, auto insurance price increases returned in January versus the previous month. Auto body price growth is slower. The most recent government figures on inflation through January 2019 indicate the rate of growth of auto body repair prices has been growing, but is somewhat flat on a month-over-month basis. Even […]
U.S. Average Length of Rental Increased in the Fourth Quarter of 2018
Increase follows two quarters of flat length of rental results. After flat results in the second and third quarters, Enterprise Rent-A-Car data indicates and increase in the last quarter of 2018. Average Length of Rental (LOR) for Q4 2018 landed at 12.7 days in the United States, an increase of .3 days compared to Q4 […]
Collision Repair Industry Production Up in November
Production was up in November versus both 2017 and the previous month. Increases in production employee wage slow. 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 November 2018 was up compared to both 2017 and October. Production remains […]
Traffic Volume Increased in November
Compared to the same month in 2017, traffic volume in the U.S. was up in November. The 12-month rolling average sets new record. Travel volume in November increased on a year-over-year basis. This is the second straight month where the monthly driving total increased on a year-over-year basis after declining in September. In total just […]
Collision Claims Continued to Decline in Third Quarter
Auto physical damage indicators influencing the collision repair industry declined during the third quarter of 2018 compared to the previous year. Claims remain below year ago levels while losses increased. 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. […]
U.S. Auto Body Repair Price Growth Higher than Inflation in December
U.S. auto body repair prices in December were up both month-on-month and year-on-year. The most recent government figures on inflation through December 2018 indicate the rate of growth of auto body repair prices has started to increase again after slowing somewhat during the first several months of the year. While general inflation declined at the […]
Collision Repair Industry Production Down in September
Production was down in September versus both 2017 and the previous month. Production hourly wage up nearly 3 percent versus previous year. 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 September was down compared to both last year […]
Collision Repair Industry Business Conditions: Q3 2018
Collision repair shops reporting higher sales in the quarter compared to last year declined over 8 percentage points compared to the previous quarter’s survey. Shops reporting higher earnings up in the third quarter. The CollisionWeek quarterly survey of business conditions reported by collision repair facility owners and managers indicates that the overall percentage of facilities […]
Auto Physical Damage Insurance Underwriting Profit Up in 2017
The latest statistics from the National Association of Insurance Commissioners indicates that the private passenger auto physical damage insurance returned to profit in 2017. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2017, released this month, showed some improvement in private passenger auto physical damage (APD) […]
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