Backyard Competition: While the overall number of individuals reporting collision repair income decreased, revenue increased to record levels in 2017. 2018 collision repair revenue projections updated. As the collision repair industry continues to grow as indicated by our reports detailing the number of independent repair facilities with payroll and collision repair production, the number of […]
Wholesale Used Vehicle Prices Up in May
Prices up both on a month-over-month and year-over-year basis. According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, it would appear that the 2019 spring/tax season market started later but lasted longer than other years, as average wholesale prices were up on both a month-over-month and year-over-year basis in May. Retail used […]
Collision Repair Industry Production Up Over 5% in March Compared to 2018
Production was up in March versus both 2018 and the previous month in the U.S. 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 2019 was up compared to both March 2018 and February. However, production remains below […]
U.S. Average Length of Rental Up in First Quarter
Latest data from Enterprise Rent-a-Car shows Mountain and Pacific regions had largest increase. For the second consecutive quarter, the average length of rental increased across the U.S. Average Length of Rental (LOR) for Q1 2019 landed at 12.8 days, an increase of .3 days compared to the first quarter of 2018. As there was was […]
Collision Repair Industry Production Jumps in February
Production was up in February versus both 2018 and the previous month in the U.S. Average wage growth slows. 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 2019 was up compared to both February 2018 and January. […]
Traffic Volume Declined in February
Compared to the same month in 2018, traffic volume in the U.S. was down in February. The 12-month rolling average sets new record. Travel volume in February decreased on a year-over-year basis. This is the first time that monthly traffic volume has declined compared to the previous year since September 2018. Since the decline in […]
U.S. Auto Body Repair Prices Grew Faster than Inflation Through First Quarter
For the eighth straight month, the increase in body repair prices was above the rate of inflation. Auto insurance price increased below inflation in March. The most recent government figures on inflation through March 2019 indicate the rate of growth of auto body repair prices continues above inflation, but was down on a month-over-month basis. […]
Percentage of Dealers Operating Auto Body Shops Declined in 2018
Both the percentage of dealers operating collision repair facilities and dealership shop sales decreased last year versus 2017. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealership operating on-site body shops was down in 2018 versus the previous year. NADA’s research pegs the percentage of dealers operating on-site […]
Collision Claims Declined in Fourth Quarter
Auto physical damage indicators influencing the collision repair industry declined during the fourth quarter of 2018 compared to the previous year. Growth in collision insurance coverage slows. 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. during the 12 […]
Collision Repair Industry Production Up in December
Production was up in December versus both 2017 and the previous month. For the year, however, production declined. 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 December 2018 was up compared to both 2017 and November. Production remains […]