The four-week moving average has declined four straight weeks to its lowest level compared to last year since before July 4 holiday. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending October 30 was down versus the previous week and the four-week moving average dropped below […]
Collision Repair Facility Sales Remain Down Over 14% in September
Respondents to our most recent survey indicate sales in September compared to last year were down slightly more than in August. October projected to restart improvement. While more collision repair facility operators responding to the most recent Collision Repair Business Conditions survey covering September reported that sales were up, the shop-size weighted sales comparison to […]
Traffic Volume in August Down Over 12% Compared to 2019
Of concern, the improvement in traffic volume compared to last year paused at the end of summer, down over 1 percentage point below July. Travel volume in August decreased substantially on a year-over-year basis and the decrease was greater than that recorded in July. Travel for the month of August is estimated at 251.3 billion […]
Collision Repair Industry Production Increase in July and August on Month-Over-Month Basis
Employment improved each month since low in April when coronavirus business restrictions took hold and lowered driving and accidents. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the final July and preliminary August employment, hours worked and wages shows continued improvement overall. However, while […]
U.S. Winter Outlook Favors Cooler and Wetter North and Warmer, Drier South
NOAA forecast sees ongoing La Nina influencing winter weather as persistent drought dominates the Western landscape. The National Oceanic and Atmospheric Administration (NOAA) winter forecast for the U.S. favors warmer, drier conditions across the southern tier of the U.S., and cooler, wetter conditions in the North, thanks in part to an ongoing La Nina. Forecasters […]
U.S. Gasoline Consumption Increased for Fourth Week in a Row on Week Ending October 2
Four-week moving average at best level compared to last year since state shutdowns began in March. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending October 2 was up versus the previous week and the four-week moving average dropped under the 9-10% range below last year’s […]
Traffic Volume in July Down Over 11% Compared to 2019
While driving was starting to increase as state lockdowns eased, travel remained considerably below previous year levels. Travel volume in July decreased substantially on a year-over-year basis. July’s result is the fifth straight monthly decline in traffic volume compared to the same month in 2019 driven by the pandemic. While traffic volume had been up […]
U.S. Gasoline Consumption Up for Second Week in a Row on Week Ending September 18
Four-week moving average remains over 9% below last year. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending September 18 was up slightly versus the previous week and the four-week moving average remains within the 9-10% range below last year’s levels. The weekly gasoline consumption statistic […]
Collision Repair Facility Sales Improved in August
Respondents to our most recent survey indicate sales in August at best level compared to last year since February. September projected to continue improving. Collision repair facility operators responding to the most recent CollisionWeek Collision Repair Business Conditions survey covering August reported that sales continued to be depressed compared to last year but had improved […]
U.S. Gasoline Consumption Up for Week Ending September 11
Weekly consumption at highest level since the start of the pandemic when compared to last year. The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending September 11 was up versus the previous week and the comparison to a year ago showed the smallest decline since March. […]