Major auto physical damage indicators influencing the collision repair industry continued to increase across the board but at rates below the first quarter. Losses on collision claims up 9.6 percent for year ending in the second quarter. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private […]
Rhode Island Releases 2016 Labor Rate Survey Reports for Class A and B Collision Repair Facilities
Latest survey is the first to require insurers to report labor rates based upon two tiered licensing structure. Do Class A repairers get paid more than Class B? The Rhode Island Department of Business Regulation released its Auto Body Labor Rate Survey reports for 2016. The report is the first to take into consideration the […]
Big 4 Collision Repair MSO Locations Approach 1500 in North America
ABRA, Boyd, Caliber and Service King continue growth in new locations during 2015. Unit growth slows in 2016. While the rate of acquisitions and new collision repair facility openings by the four large multiple collision repair shop operators (MSOs) in North America has slowed somewhat so far in 2016 compared to previous years, the Big […]
Collision Repair Industry Production Down in June
Both production employment and hours worked declined in June compared to May. 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 June versus the previous month, but was up […]
Traffic Volume Jumps 3.2% in June
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 […]
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