Production in March was up month-over-month and year-over-year. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary March collision repair employment, hours worked and wages indicated production set a new record, up compared to February and March 2023. February production had tied the […]
U.S. Auto Body Repair Prices Up Under 2% in April Compared to Last Year
The rate of increase was below the increase in the national consumer price index. The most recent government figures on inflation through April show the rate of growth of auto body repair prices is now below the rate of general inflation after more than 30 months in a row of higher increases. The year-over-year (YoY) […]
Collision Claims and Losses in Fourth Quarter Down Compared to 2022
Quarterly claims were down for the third quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims is over as claims on a quarterly basis were down for three consecutive quarters compared to the […]
Collision Repair Industry Production Ties Record in February
Production in February was up month-over-month and year-over-year, tied April 2023 record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary February collision repair employment, hours worked and wages indicated production was up compared to January and February 2023. February production tied the […]
U.S. Independent Collision Repair Shop Population Demonstrates Long-Term Growth
Over the past 10 years, the number of collision repair facilities has been growing, reversing the declining trend evident over the first decade of the 21st century. According to the latest government data through the third quarter of 2023, the number of independent collision repair facilities is at the highest level since the first quarter […]
Dealership Body Shop Sales Above Pre-Pandemic Levels in 2023
While dealership body shop sales increased, the percentage of dealers operating collision repair facilities continued to decline. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealerships operating on-site body shops was down in 2023, the sixth year in a row of declines versus the previous year. NADA’s research […]
Five of the Top 10 U.S. Auto Insurers Grew Market Share in 2023
Auto insurance premiums earned up over 12% last year. Total direct premiums earned on private passenger auto insurance were $303.5 billion in the U.S. in 2023, up 12.3% from 270.3 billion in 2022 according to data released March 18 by the National Association of Insurance Commissioners (NAIC). In comparison, during 2022, earned premiums were up […]
U.S. Traffic Volume Up in December Compared to 2022
Traffic in 2023 was up each month compared to the previous year. Traffic for year above 2019 pre-pandemic peak. Traffic volume in December increased compared to the previous year, keeping alive a streak of 12 year-over-year (YoY) increases that began in January 2023 after two monthly declines at the end of 2022. Traffic volume was […]
Collision Repair Industry Production Finishes 2023 Up Nearly 6% Compared to Previous Year
Production in December was up month-over-month, but down versus December 2022. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary December collision repair employment, hours worked and wages indicated production was up for the full year. The month of December was down on […]
Collision Claims and Losses in Third Quarter Down Compared to 2022
Quarterly claims were down for the second quarter in a row. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims is over as claims on a quarterly basis were down for two consecutive quarters compared to the previous year. Losses were also […]
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