The growth in traffic rebounds in June. All regions reported higher traffic volume in June versus 2015. Travel for the month of June is estimated at 282.3 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The June result continues the trend of increased driving that had led […]
Collision Claims, Frequency and Losses Grew in First Quarter
Major auto physical damage indicators influencing the collision repair industry continued to increase across the board. Losses on collision claims up 9.9 percent for year ending in first quarter. 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 […]
U.S. Length of Rental Upward Trend Continues in Second Quarter
According to the latest research from Enterprise Rent-A-Car, the U.S. average length of rental continued to increase in the second quarter of 2016. Overall U.S. Length of Rental (LOR) increased .5 days in Q2 2016 from 11 billed days in 2015 to 11.5, although the change varied greatly by state and region. As with Q1, […]
Traffic Volume Increased 2% in May
With the rate of growth in vehicle miles traveled slowing, one region reported lower traffic volume in May versus 2015. Travel for the month of May is estimated at 279.4 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The May result continues the very positive trend leading […]
Body Repair Prices, Auto Insurance and Inflation
Auto body repair prices in June up more than two percent compared to year ago. Auto insurance prices were up 6.5 percent during the same period. The most recent government figures on inflation through June 2016 indicate the rate of growth of auto body repair prices has increased slightly during the first half of 2016 […]
Collision Repair Industry Production Flat in April
Production employment increased, but hours worked declined in April compared to March. Production continues to rise 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 in April versus the previous month, but was […]
Traffic Volume Up 2.6% in April
While driving increased across all five regions in the U.S., the rate of growth slowed from March. Travel for the month of April is estimated at 272.8 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The April result continues the very positive trend leading to the growth […]
Collision Repair Industry Business Conditions: Q1 2016
Shops reporting higher sales compared to 2015 increased during the first quarter. Collision repair facilities reporting higher earnings also 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 increased in the first quarter of 2016 over last year […]
Backyard Competition
Just as their larger competitors have rebounded following the great recession, the number of small collision repairers without employees, and their sales, have returned to near record levels. As the collision repair industry continues to grow following the recession as evidenced by our reports detailing the number of independent repair facility with payroll and collision […]
Collision Repair Industry Production Up in First Quarter
Production employees and hours worked both increase as industry remains above 2015 and prior high recorded in March 2008. 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 increased in March versus the previous year, but was […]
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