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 […]
Collision Repair Industry Production Down Slightly in August
After achieving record levels of production, production declined slightly in August compared to July, but was up versus 2016. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that total production for the collision repair industry in August declined slightly from the record levels it […]
October Wholesale Used Vehicles Down from September
Wholesale prices remain above previous year levels. According to the ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, the average wholesale prices in October were down only modestly month-over-month and were up year-over-year, bolstered by lingering impacts from hurricanes Harvey and Irma. Generally, lower used vehicle prices increase pressure on the number of […]
Length of Rental Growth Slowed in Third Quarter
According to the latest research from Enterprise Rent-A-Car, the slowdown in the growth of the U.S. collision repair industry’s average length of rental that began in the first quarter continued through the third. Average Length of Rental (LOR) for Q3 2017 landed at 12.1 days in the United States, an increase of just .2 days […]
Traffic Volume Growth Slowdown Continued in August
August 12 month traffic growth rate at lowest rate for the year. Traffic volume up 1.4 percent for the month. Travel volume in August continued to increase, though at a smaller rate than recent years. The growth is continuing the trend of increased driving that supports increasing collision repair industry volume and auto physical damage […]
U.S. Auto Body Repair Prices, Auto Insurance and Inflation Through September 2017
Auto body repair prices in September up more than three percent compared to year ago. Auto insurance prices were up over eight percent during the same period. The most recent government figures on inflation through September 2017 indicate the rate of growth of auto body repair prices has increased slightly taking it to nearly 1 […]
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