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Auto Physical Damage Insurance Underwriting Profit Declined from 2005-2015

January 26, 2017 By CollisionWeek Editor

Latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses has increased. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2015, released this month, illustrates the increasing percentage of underwriting dollars going to pay claims on auto […]

Filed Under: Research Tagged With: Auto Insurance, National Association of Insurance Commissioners, Profitability

Wholesale Used Vehicle Prices Declined in December

January 23, 2017 By CollisionWeek Editor

Wholesale Used Vehicle Price Trends

While down month-on-month, prices remain above year ago levels. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, prices did a bit of an about-face in December, as truck price softening, perhaps influenced by higher gasoline prices, drove down overall results. New vehicle incentive activity also remained high, which, along with higher […]

Filed Under: Research Tagged With: Wholesale Used Vehicle Price Trends

Collision Repair Industry Business Conditions: Q3 2016

December 16, 2016 By CollisionWeek Editor

Collision Repair Business Conditions Q3 2016

Collision repair shops reporting higher sales overall compared to 2015 increased during the third quarter, though varied by shop sales volume. Collision repair facilities reporting higher earnings flat. 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 slightly […]

Filed Under: Research Tagged With: Business Conditions

Collision Repair Industry Production Up in September Compared to 2015

December 12, 2016 By CollisionWeek Editor

Collision Repair Industry Production

While production employment and hours worked decreased in September compared to August, production continues above 2015 levels. September’s increase compared to 2015 surpasses rate seen during June through August. 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 […]

Filed Under: Research Tagged With: Collision Repair Industry Production

Traffic Volume Up 2.9% in September

December 8, 2016 By CollisionWeek Editor

U.S. Traffic Volume September 2016

The growth in traffic volume in the U.S continued in September, but at a lower rate compared to August. All regions reported higher traffic volume in September versus 2015. Travel for the month of September is estimated at 265.5 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. […]

Filed Under: Research Tagged With: Traffic Volume

Collision Repair Industry Production Increases in August

November 22, 2016 By CollisionWeek Editor

Collision Repair Industry Production

Both production employment and hours worked increased in August compared to July. Production continues above 2015 levels. 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 August versus the previous month and was up […]

Filed Under: Research Tagged With: Collision Repair Industry Production

Body Repair Prices, Auto Insurance and Inflation Through September 2016

November 7, 2016 By CollisionWeek Editor

auto body prices

Auto body repair prices in September up more than two percent compared to year ago. Auto insurance prices were up 6.4 percent during the same period. The most recent government figures on inflation through September 2016 indicate the rate of growth of auto body repair prices continues to increase slightly above the rate of inflation […]

Filed Under: Research Tagged With: Auto Body Repair Prices, consumer price index

Traffic Volume Jumps 3.4% in August

November 3, 2016 By CollisionWeek Editor

The growth in traffic in the U.S. continues during August. All regions reported higher traffic volume in August versus 2015. Travel for the month of August is estimated at 284.9 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The August result continues the trend of increased driving […]

Filed Under: Research Tagged With: Vehicle Miles Traveled

Collision Repair Industry Production Down Slightly in July

October 28, 2016 By CollisionWeek Editor

Collision Repair Industry Production July 2016

While production employment declined, hours worked increased in July compared to June. Production remains above 2015 levels. 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 down in July versus the previous month, but was up […]

Filed Under: Research Tagged With: Collision Repair Industry Production

U.S. Length of Rental Trend Continues in Third Quarter

October 25, 2016 By CollisionWeek Editor

U.S. Length of Rental

According to the latest research from Enterprise Rent-A-Car, the U.S. collision repair industry’s average length of rental continued to increase in the third quarter of 2016. Continuing the recent trend, U.S. Length of Rental (LOR) increased by .5 days in the third quarter versus the same period the previous year (11.4 to 11.9) powered by […]

Filed Under: Research Tagged With: Enterprise Rent-A-Car, Length of Rental

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