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 […]
Traffic Volume Continued Strong Growth in March
Driving increased across all five regions in the U.S. Travel for the month of March is estimated at 273.4 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The March result continues the very positive trend leading to the growth in auto physical damage insurance claims and collision […]
U.S. Length of Rental Upward Trend Continues in First Quarter
According to the latest research from Enterprise Rent-A-Car, the U.S. average length of rental continued to increase in the first quarter of 2016. Overall U.S. Length of Rental (LOR) increased .4 days in Q1 2016 from 11.5 to 11.9, although the changes varied by region and state. A variety of factors contributed to the increase […]
Traffic Volume Up 5.6% in February Compared to Last Year
A milder winter season and lower gas prices help improve driving volumes. Driving increases continued across all five regions in the U.S. Travel for the month of February is estimated at 232.2 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The February result continues the positive trend […]
Collision Claims, Frequency and Losses Grew in 2015
Major auto physical damage indicators continued to increase. Losses on collision claims up 10.1 percent in 2015 compared to 2014. 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 2015. The number of collision claims has grown […]
Independent Collision Repair Facility Population Increased in 2014
Latest data from U.S. Bureau of Labor Statistics confirms that 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 2014 shows that the number of independent collision repair facilities with payroll increased slightly for the third […]
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