Prices up versus last year, but down from previous month According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, there is further concrete evidence of price softening in February as prices uncharacteristically, and unseasonably, softened rather than firmed versus January. Prices fell for virtually all model years and all model classes. Prices […]
Traffic Volume Up 2.2% in January
All five regions reported increases in traffic volume in January versus 2016. Travel for the month of January is estimated at 242.3 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The January result continues the trend of increased driving that had led to the growth in both […]
Collision Repair Industry Business Conditions: Q4 2016
Collision repair shops reporting higher sales overall compared to 2015 decreased during fourth quarter, though varied by shop sales volume. Collision repair facilities reporting higher earnings slightly up. 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 decreased in […]
U.S. Collision Repair Industry Closing in on $40 Billion Annual Revenue
Latest analysis shows independent and OE dealer collision repair facilities were just short of $40 billion in annual revenue during 2015. The latest analysis of government and industry statistics covering 2015 indicates that the combined revenue of independent and OE dealer collision repair facilities increased for the sixth straight year in 2015. The analysis by […]
Collision Claims, Frequency and Losses Grew in the Third Quarter 2016
Major auto physical damage indicators influencing the collision repair industry continued to increase in third quarter. Losses on collision claims up 10 percent for year ending in Q3. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims and losses continued to grow in […]
Wholesale Used Vehicle Prices Up in January
Prices up both versus December and 2016. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, even with increased supply of used vehicles wholesaled in January, used vehicle prices held up surprisingly well, despite soft retail demand and high new vehicle incentives. Nevertheless, pockets of supply-driven weakness did appear in rental program […]
Traffic Volume Up Just 0.5% in December
Record volume for full year at 3.2 trillion vehicle miles. Two regions reported declines in traffic volume in December versus 2015. Travel for the month of December is estimated at 263.6 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The December result continues the trend of increased […]
U.S. Length of Rental Increased in Q4 2016
According to the latest research from Enterprise Rent-A-Car, the U.S. collision repair industry’s average length of rental increased 5 percent compared to 2015. The recent Length of Rental (LOR) trend continued in the Fourth Quarter of 2016 as the average increased to 12.5 days from 11.9, or 5.0 percent, in the Fourth Quarter of 2015. […]
Collision Repair Industry Production Set Record in October
Production employment and hours increased in October compared to September. Largest monthly percentage increase compared to 2015. 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 was up in October versus the previous month and up from […]
Allstate Reports Auto Combined Ratio Improvements in 2016
Allstate brand auto insurance average premium increased 7 percent, policies in force declined during fourth quarter The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the fourth quarter and full year of 2016. Total 2016 revenue of $36.5 billion reflected a 3.3 percent increase in property-liability insurance premium and a 5.4 percent increase in Allstate […]
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