While auto body prices remain above last year, prices have been down on a month-over-month basis since May. The most recent government figures on inflation through July show the rate of growth of auto body repair prices is below the rate of general inflation for the fifth time this year after more than 30 months […]
Collision Repair Industry Production Sets New Record in May
Production in May was up year-over-year and month-over-month. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary May collision repair employment, hours worked and wages indicated production was up compared to May 2023 and from April. Production levels in May set a new […]
U.S. Traffic Volume Up in May Compared to 2023
Traffic up compared to last year both for the month and year-to-date. Traffic volume in May increased compared to the previous year for the fourth month in a row after declining in January. Traffic volume was above last year, and it was also above May 2019 prior to the impact of the pandemic. Monthly traffic […]
Collision Repair Industry Production Up Just Under 1% in April Compared to Last Year
Production in April was up year-over-year, but down month-over-month. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary April collision repair employment, hours worked and wages indicated production was up compared to April 2023, but down from March. Production levels in March had […]
U.S. Auto Body Repair Prices Down in May Compared to April
The rate of increase in auto body prices was below the increase in the national consumer price index. The most recent government figures on inflation through May show the rate of growth of auto body repair prices is below the rate of general inflation for the third time this year after more than 30 months […]
Collision Repair Industry Production Sets New Record in March
Production in March was up month-over-month and year-over-year. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary March collision repair employment, hours worked and wages indicated production set a new record, up compared to February and March 2023. February production had tied the […]
U.S. Auto Body Repair Prices Up Under 2% in April Compared to Last Year
The rate of increase was below the increase in the national consumer price index. The most recent government figures on inflation through April show the rate of growth of auto body repair prices is now below the rate of general inflation after more than 30 months in a row of higher increases. The year-over-year (YoY) […]
Collision Claims and Losses in Fourth Quarter Down Compared to 2022
Quarterly claims were down for the third quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims is over as claims on a quarterly basis were down for three consecutive quarters compared to the […]
Collision Repair Industry Production Ties Record in February
Production in February was up month-over-month and year-over-year, tied April 2023 record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary February collision repair employment, hours worked and wages indicated production was up compared to January and February 2023. February production tied the […]
U.S. Independent Collision Repair Shop Population Demonstrates Long-Term Growth
Over the past 10 years, the number of collision repair facilities has been growing, reversing the declining trend evident over the first decade of the 21st century. According to the latest government data through the third quarter of 2023, the number of independent collision repair facilities is at the highest level since the first quarter […]
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