According to the latest research from Enterprise Rent-A-Car, the collision repair industry’s length of rental declined in the quarter, but remained above 2016 for the full year. Average Length of Rental (LOR) for Q4 2017 landed at 12.4 days in the United States, a decrease of .1 days compared to Q4 2016. This produced a […]
Traffic Volume Increased in November
November traffic grew 1.1 percent for the month compared to 2016. Travel volume in November continued to increase, though at a smaller rate than experienced in the U.S. in recent years. The growth is continuing the trend of increased driving that supports higher collision repair industry volume and auto physical damage insurance claims across the […]
Collision Claims and Losses Down in Third Quarter Compared to Second
Auto physical damage indicators influencing the collision repair industry declined on a quarter by quarter basis for the first time in five years in the third quarter of 2017. Claims and losses continue above year ago levels. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private […]
Wholesale Used Vehicle Prices Soften in December
According to ADESA report, cars are down while trucks continue to increase. According to the ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, while the impacts of Hurricanes Harvey and Irma having lasted primarily from late-August through mid-November, wholesale prices in December returned to patterns seen prior to those events. Namely, prices for […]
U.S. Auto Body Repair Prices, Auto Insurance and Inflation Through December 2017
Auto body repair prices in December up less than two percent compared to year ago. Auto insurance prices were up over seven percent during the same period. The most recent government figures on inflation through December 2017 indicate the rate of growth of auto body repair prices has decreased taking it to a quarter point […]
Auto Physical Damage Insurance Underwriting Profit Continues to Decline in the U.S.
The latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses has continued to increase. Private passenger physical damage insurance turned to a loss in 2016. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2016, released this […]
Vehicle Manufacturers Report Progress on Autonomous Emergency Braking Commitment
Toyota leads major vehicle manufacturers on number of vehicles with over 56 percent of its 2017 fleet, 1.4 of 2.5 million vehicles, with accident avoidance feature. Four of 20 automakers report that automatic emergency braking (AEB) is standard on more than half of their 2017 model year vehicles, the National Highway Traffic Safety Administration (NHTSA) […]
Collision Repair Industry Business Conditions: Q3 2017
Collision repair shops reporting higher sales and earnings overall compared to 2016 increased in the third 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 increased in the third quarter of 2017 compared to 2016. The overall percentage […]
Traffic Volume Increased in October
October traffic grew 1.2 percent for the month compared to 2016. Travel volume in October continued to increase, though at a smaller rate than experienced in the U.S. in recent years. The growth is continuing the trend of increased driving that supports increasing collision repair industry volume and auto physical damage insurance claims across the […]
Number of Licensed Drivers at Record Level in the U.S.
Drivers over 65 continue to increase, teen drivers still near record lows. According to the latest data from the Federal Highway Administration (FHWA) there were a record-high 221.7 million licensed drivers in the U.S. in 2016, including 41.7 million – or almost one in five – who are 65 years or older. This age group […]
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