Collision repair shops reporting higher sales down slightly compared to 2016. Shops reporting higher earnings declined in the fourth 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 was down slightly in the fourth quarter of 2017 compared […]
Percentage of Dealers Operating Auto Body Shops Up in 2017
While the percentage of dealers operating facilities is up, dealership collision repair shop sales decreased last year versus 2016. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealership operating on-site body shops was up in 2017 versus the previous year. NADA’s research pegs the percentage of dealers operating […]
Largest Auto Insurers Continue to Grow Market Share in the U.S.
The largest private passenger auto insurers in the U.S. continued to capture greater market share in 2017. Change in rank of top 10 auto insurers. Since 2000, the largest private passenger automobile insurers in the U.S. have been steadily growing their combined market share and more than half of all private passenger auto insurance in […]
U.S. Auto Body Repair Prices, Auto Insurance Outpaced Inflation Through February
Auto body repair prices in February were up less than three percent compared to year ago. Auto insurance prices were up almost 10 percent during the same period. The most recent government figures on inflation through February 2018 indicate the rate of growth of auto body repair prices has declined somewhat over the past few […]
Traffic Volume Gains Continued in December
December traffic grew 0.7 percent for the month compared to 2016. Travel for the full year up 1.2 percent. Travel volume in December continued to increase, though the rate was lower 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 […]
Collision Repair Industry Production Up in November
While below the record levels of weekly production recorded earlier this year, production was up in November versus 2016, but down from October. 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 November continued to decline slightly from the […]
U.S. Average Length of Rental by Region Decreased in Fourth Quarter
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 […]
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