While claims in the second quarter were down versus last year, losses were up. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims stalled in the second quarter of 2023, but losses continued to grow to record levels. Collision coverage claims for […]
U.S. Auto Body Repair Prices Up Nearly 6% in September Compared to Last Year
Prices were both on a year-over-year and month-over-month basis. The most recent government figures on inflation through September show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 27th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared […]
Collision Repair Industry Production Up Over 11% in July Compared to Last Year
Production was also up from June on growth in employment. Total industry set another new record for the sixth month in a row. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary July collision repair employment, hours worked and wages indicated production was […]
Top 10 Auto Insurance Companies by State in 2022
The latest report on the U.S. private passenger auto insurance market from the NAIC details the top 10 insurers in each state in 2022 as well as the size of each market overall. Data from the National Association of Insurance Commissioners (NAIC) provides a detailed view on the size and scope of the private passenger […]
U.S. Auto Body Repair Prices Up Over 5% in July Compared to Last Year
Prices were also up on a month-over-month basis. The most recent government figures on inflation through July show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 25th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared to […]
Collision Repair Industry Production Up Over 8% in June Compared to 2022
Production was also up from May on growth in employment. Total industry employment and number of women employed set another new record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary June collision repair employment, hours worked and wages indicated production was up […]
U.S. Auto Body Repair Prices Up in June Compared to May
Prices were also up over 5% on a year-over-year basis. The most recent government figures on inflation through June show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 24th month in a row, but the rate of increase is less than half the […]
Collision Claims in First Quarter Up Compared to 2022
Claims in the first quarter of 2023 were up over 1% versus the same quarter in 2022. Losses were up over 41% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims restarted in the first quarter of 2023 and […]
Collision Repair Industry Production Up Over 7% in May Compared to 2022
While up year-over-year, production was down from April as hours worked declined. Total employment and number of women employed set new records. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary May collision repair employment, hours worked and wages indicated production was up […]
U.S. Traffic Volume Up in May Compared to 2022
Traffic up compared to last year both for the month and year-to-date. Traffic volume in May increased compared to the previous year for the fifth month in a row after two monthly declines at the end of 2022. While traffic volume was above last year, it remained slightly less than 1% below May 2019 prior […]
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