ABRA, Boyd, Caliber and Service King continue to grow their total number of locations though annual unit growth and percentage growth has slowed somewhat since high in 2014. While the rate of acquisitions and new collision repair facility openings by the four large multiple collision repair shop operators (MSOs) in North America has slowed somewhat […]
Collision Repair Industry Business Conditions: Q1 2018
Collision repair shops reporting higher sales down 7.9 percentage points compared to 2017. Shops reporting higher earnings declined again in the first quarter. The CollisionWeek quarterly survey of business conditions reported by collision repair facility owners and managers indicates that the overall percentage of facilities with higher sales was down slightly in the first quarter […]
Wholesale Used Vehicle Prices Down in April
Second consecutive month with year-over-year declines. According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, average wholesale used vehicle prices registered their second consecutive year-over-year price decline in April. However, April prices were seasonally strong, despite softer retail demand. Prices appeared to be particularly strong for off-lease vehicles, which is testimony to […]
Collision Repair Industry Production Down in March
Production was down in March versus 2017 but up from February. Production hourly wage up 14 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 March remained below the record levels it had achieved in […]
U.S. Auto Body Repair Price Growth Dropped Below General Inflation in April
Auto body repair prices in April were up less than three percent compared to year ago and dropped below the rate of overall inflation in the U.S. The most recent government figures on inflation through April 2018 indicate the rate of growth of auto body repair prices has declined somewhat over the past few months, […]
Wholesale Used Vehicle Prices Down in March Compared to 2017
First declines since August 2014 According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices the average wholesale used vehicle prices registered their first year-over-year price decline since August 2014, continuing the general softening pattern seen since the impact of the hurricanes waned in late 2017. Retail used vehicle sales, including CPO sales, […]
Collision Repair Industry Production Down in February
Production was down in February versus 2017 but up from January. Production hourly wage up over 9 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 February continued to decline from the record levels it […]
Collision Repair Industry Length of Rental Up in the First Quarter
According to the latest data from Enterprise Rent-A-Car, the U.S. collision repair industry’s average length of rental increased during the first three months of 2018 Average Length of Rental (LOR) for Q1 2018 landed at 12.5 days in the United States, an increase of .4 days compared to Q1 2017. This represents a return to […]
Traffic Volume Declined in February Compared to Previous Year
Compared to the same month the previous year, traffic volume decreased for the first time in four years Travel volume in February decreased on a year-over-year basis. The decline marks the first lower traffic volume rate since back to back declines in January and February 2014. Increased driving, coupled with higher numbers of new, insured […]
Independent Collision Repair Facility Population Continues to Increase in the U.S.
Latest data from U.S. Bureau of Labor Statistics shows the number of independent collision repair facilities grew in 2016. Combined dealer and independent shop population up. The latest available data from the U.S. Census Bureau County Business Patterns annual research series covering 2016 shows that the number of independent collision repair businesses with payroll increased […]