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U.S. Independent Collision Repair Facility Population Grows During 2014 and 2015

March 24, 2016 By CollisionWeek Editor

Independent Collision Repair Facilities

Latest statistics from the U.S. Department of Labor indicate that the number of collision repair facilities was on the rise for much of the past two years. For most of the past ten years, the decline in the number of collision repair facilities in the U.S. has been considered by many as a given. With auto […]

Filed Under: Research Tagged With: Independent Collision Repair Facilities, Shop Population

Collision Repair Industry Business Conditions: Q4 2015

March 23, 2016 By CollisionWeek Editor

Fourth Quarter 2015 Collision Repair Business Conditions

Shops reporting higher sales compared to 2014 increased during the fourth quarter. Repair facilities reporting higher earnings, however, declined. 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 fourth quarter of 2015 over last year compared […]

Filed Under: Research Tagged With: Business Conditions

Traffic Volume Up 4.2% in December Compared to 2014

March 4, 2016 By CollisionWeek Editor

Vehicle Miles Traveled

The year finished on a strong note with record levels of driving in December. Driving increases continued across all five regions in the U.S. Travel for the month of December is estimated at 264.2 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The December result puts a […]

Filed Under: Research Tagged With: Vehicle Miles Traveled

Big 4 Collision Repair MSO Locations Up More than 25% in 2015

February 19, 2016 By CollisionWeek Editor

ABRA, Boyd, Caliber and Service King continue growth in new locations during 2015. Unit growth down from 2014, but up if 2014 Sterling sale to Service King excluded. The acquisition and new collision repair facility openings by the four largest multi-regional multiple collision repair shop operators (MSOs) in North America grew by nearly 300 units […]

Filed Under: Research Tagged With: ABRA, Boyd Group, Caliber Collision Centers, Multiple Shop Operator, Service King Collision Repair Centers

Collision Repair Industry Production in November Surpasses Pre-Recession Peak

February 9, 2016 By CollisionWeek Editor

Production employees and hours worked both increase as industry surpasses the 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 November versus October. More significant is the fact that […]

Filed Under: Research Tagged With: Production

U.S. Length of Rental Continues Upward Trend in Fourth Quarter

January 26, 2016 By CollisionWeek Editor

U.S. LOR Q4 2015 Chart

According to the latest research from Enterprise Rent-A-Car, the U.S. average length of rental continued to increase across all regions during Q4 2015. The U.S. average Length of Rental (LOR) rose in 2015 to 11.5 days, up 0.3 days from 2014 and 0.8 days from 2010. Miles driven and lower gasoline prices have contributed to […]

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

Auto Physical Damage Insurance Underwriting Profit Declining Over Past Decade

January 8, 2016 By CollisionWeek Editor

Auto Physical Damage Insurance Profit

Latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses increasing. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2014, released on December 31, 2015, illustrates the increasing percentage of underwriting dollars going to pay claims on […]

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

Collision Repair Industry Production Declines in September

January 6, 2016 By CollisionWeek Editor

Collision Repair Industry Production

Both production employees and hours worked declined compared to August. However, production remained above 2014 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 auto body repair industry was down in September compared to August, but above September 2014. […]

Filed Under: Research Tagged With: Collision Repair Industry Production, Employment, Wages

Collision Repair Industry Business Conditions: Q3 2015

December 18, 2015 By CollisionWeek Editor

Business Conditions

Shops reporting higher sales compared to previous year decreased during the third quarter. Repair facilities reporting higher earnings also down. 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 decreased in the third quarter of 2015 compared to the […]

Filed Under: Research Tagged With: Business Conditions

December Projected as Strongest Month in a Decade for U.S. Auto Sales

December 18, 2015 By CollisionWeek Editor

U.S. Light Vehicle Retail Sals SAAR December 2014-2015

2015 Poised to Set New-Vehicle Sales Record of 17.5 Million New light-vehicle sales in December are expected to be the strongest of any month since 2005, with 2015 on track to set an annual record with 17.5 million sales, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. New-vehicle retail […]

Filed Under: Research Tagged With: New Vehicle Sales

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