For the 32nd straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices continue down in wake of pandemic refunds and discounts. The most recent government figures on inflation through March 2021 show the rate of growth of auto body repair prices continues above the rate of general […]
Gasoline Consumption Improves as Travel Gathers Steam Across the U.S.
Demand for gasoline at second highest level since start of the pandemic. Interstate travel at best level since start of pandemic. The recovery in traffic volume has continued in April as pandemic restrictions ease and vaccination rates increase. The four-week moving average of gas consumption has increased for seven weeks in a row starting in […]
NAIC Reports Lower Auto Insurance Premiums Earned Down Less than Half a Percent in 2020
Pandemic rebates and discounts impacted total spending on auto insurance. Top 10 Auto insurers continued to grow market share during 2020 in the U.S. Total direct premiums earned on private passenger auto insurance were $250 billion in the U.S. in 2020, down about $1 billion, or 0.39% from $251 billion in 2019. As a result […]
Gasoline Consumption Continues to Increase as Pandemic Impact on Travel Wanes
After declining due to the resurgence of the pandemic and storms during the winter, the increase in gasoline consumption through early April has returned to levels last seen in October. The recovery in traffic volume improved in March as the impact of the pandemic improved and severe winter storms in February that caused widespread power […]
Percentage of Dealers Operating Auto Body Shops Declined Slightly in 2020
Both the percentage of dealers operating collision repair facilities and dealership shop sales decreased last year versus 2019. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealerships operating on-site body shops was down in 2020 versus the previous year. NADA’s research pegs the percentage of dealers operating on-site […]
Collision Repair Facilities Reporting Improved Sales in February Compared to Last Year Up Versus January
Unfortunately, the percentage of collision repair shops reporting lower sales also increased. CollisionWeek’s shop size weighted sales decline increased on severe weather impacts to production. A larger percentage of collision repair facility operators responding to the most recent Collision Repair Business Conditions survey covering February reported that sales were up, but the projection of overall […]
Collision Repair Industry Production Down in December Compared to November
Resurgence in pandemic in December impacts hours worked. Employment improvements slowed in the fourth quarter with December production employees below October levels. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the final December employment, hours worked and wages shows a decline compared to November […]
Third Quarter 2020 Collision Repair Employment Down 9.6% Versus 2019
Just three states reported growth in employment in third quarter compared to previous year. Average weekly wage up less than one percent. An analysis of U.S. auto body repair facilities, employment and wages by state illustrates the dramatic impact of the pandemic on collision repair employment and the total wages paid to employees. Average weekly […]
Gasoline Consumption and Mobility Increased After February Storms
After declining the week winter storms hit at highest rate since April, gasoline consumption bounced back at third highest rate since May’s recovery began. Dallas Fed Mobility Index at best level since start of pandemic. The impact of severe winter storms that caused widespread power outages in Texas and hazardous driving conditions elsewhere impacted mobility […]
Higher Percentage of Collision Repair Facilities Reported Sales Up in January Compared to Last Year
While more repairers report higher sales, the average increase was lower. More collision repair operators believe pandemic impact on sales getting worse than better. A larger percentage of collision repair facility operators responding to the most recent Collision Repair Business Conditions survey covering January reported that sales were up, but the amount of increase was […]
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