Our comparison of average steel body and structural labor rates to cosmetic aluminum and structural rates shows wide variations by Metropolitan Statistical Area. As collision repair facilities have invested in aluminum repair capabilities, by far one of the most common questions we get from readers on both the repair and insurance side of the industry, […]
Wholesale Used Vehicle Prices Up in April
According to ADESA Analytic Services report April prices were up both versus the previous month and previous year. Mid-size cars and SUV/CUVs see decreases. According to the ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, average wholesale prices in April were up on both a month-over-month and year-over-year basis. As has been stated […]
Length of Rental Growth Rate Slowed in First Quarter
According to the latest research from Enterprise Rent-A-Car, the U.S. collision repair industry’s average length of rental increased at a slower rate during the last quarter. The rate of average Length of Rental (LOR) growth declined in Q1 of 2017 for the first time in multiple quarters increasing only a modest .2 days from 11.9 […]
Independent Collision Repair Facility Population Decreased Slightly in 2015
Latest data from U.S. Bureau of Labor Statistics reverses trend of independent collision repair facility population growth that started in 2012. The latest available data from the U.S. Census Bureau County Business Patterns annual research series covering 2015 shows that the number of independent collision repair businesses with payroll decreased slightly in 2015 after three […]
Collision Claims, Frequency and Losses Grew at Higher Rate in 2016 Compared to 2015
Auto physical damage indicators influencing the collision repair industry continued to increase in the fourth quarter of 2016. Losses on collision claims up over 11 percent for 2016 compared to previous year. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims and losses […]
Wholesale Prices for Cars Down in March Versus Last Year
Truck prices, however, are above last year according to ADESA Analytic Services report. The tale of two markets resumed in March, as wholesale prices were below year-ago levels for cars and above prior year for trucks. Nevertheless, both groups showed price increases versus February’s unseasonably soft results, as retail sales and wholesale activity showed signs […]
Percentage of Dealers Operating Body Shops Down in 2016
While the percentage of dealers is down, dealership body shop sales increased over last year. According to the latest research from the National Automobile Dealers Association (NADA), 37 percent of dealerships featured on-site body shops in 2016, down from 39 percent in 2015 but above the 36 percent in 2014. Based upon the percentages reported […]
Large Auto Insurers Added Market Share in 2016
The top 25 private passenger auto insurers in the U.S. gained market share in 2016. Change in rank of top 10. 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 the United States is […]
Wholesale Used Vehicle Prices Soft in February
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 […]
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