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U.S. Traffic Volume Above 2019 Levels in December

February 25, 2022 By CollisionWeek Editor

Full year traffic volume bounced back from pandemic low last year to within 1% of 2019. December traffic was up 11.2% compared to December 2020. The December result marks the 10th straight month that traffic volume was up versus 2020. Travel volume in December increased on a year-over-year basis and the versus 2019 levels. Travel […]

Filed Under: Research Tagged With: Traffic Volume

Collision Repair Industry Production Exceeded Pre-Pandemic Levels in December

February 17, 2022 By CollisionWeek Editor

Production employment increased to level last seen in February 2020 prior to pandemic. Hours worked above 2019 average. Number of women employees sets new record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary December employment, hours worked and wages indicated growth on […]

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

Collision Claims Up Nearly 21% in Third Quarter Compared to Pandemic Impacted Quarter in 2020

February 4, 2022 By CollisionWeek Editor

Third quarter claims remain over 4% below 2019 level. Losses up over 25% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the third quarter continued to rebound from the impact of the coronavirus on summer travel in 2020. Collision […]

Filed Under: Research Tagged With: Claim Frequency, Claim Severity, Claims, Earned Car Years, Losses

Most Profitable States for Auto Insurers in 2020

January 6, 2022 By CollisionWeek Editor

While the pandemic caused an upheaval in the auto physical damage insurance market and carriers rebated premiums, many states were more profitable for insurers during 2020 than before the pandemic. The latest data from the National Association of Insurance Commissioners (NAIC) illustrates how the first year impacted by the COVID-19 pandemic increased profits for private […]

Filed Under: Research Tagged With: Auto Insurance, Profitability

Collision Claims Up Over 46% in Second Quarter Compared to Pandemic Impacted Quarter Last Year

December 15, 2021 By CollisionWeek Editor

Second quarter last year had been down nearly 36%. Quarter remains below 2019 level. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the second quarter continued to rebound from the historic impact from the coronavirus lockdowns last year. Collision coverage claims for […]

Filed Under: Research Tagged With: Claim Frequency, Claim Severity, Claims, Earned Car Years, Losses

U.S. Auto Body Repair Prices Up Over 8% in November Compared to 2020

December 10, 2021 By CollisionWeek Editor

Auto Body Prices insurance, and CPI

The increase in auto body repair prices continues above the rate of inflation. Marks largest year-on-year increase since 1982. The most recent government figures on inflation through November 2021 show the rate of growth of auto body repair prices is above the rate of general inflation for the fifth month in a row. The result […]

Filed Under: Research Tagged With: Auto Body Repair Prices, consumer price index, Inflation, Labor Rates

Percentage of Collision Repair Facilities Reporting Improved Sales Compared to Last Year Up in October

December 1, 2021 By CollisionWeek Editor

Employment remains issue as long-term unfilled positions remain near 20-year record high. OEM part delays improving. A larger percentage of collision repair facility operators report business improved in October on a year-over-year basis compared to those reporting higher sales the previous month. The percentage reporting higher year-over-year (YoY) sales increased to more than three out […]

Filed Under: Research Tagged With: Business Conditions, Employment, Parts Procurement

Collision Repair Industry Production Returned to Pre-Pandemic Levels in September

November 22, 2021 By CollisionWeek Editor

Collision Repair Production September 2021

Production employment increased to level last seen in March 2020. Hours worked above 2019 average. Number of women employees at all-time record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary September employment, hours worked and wages indicated growth on a year-over-year basis […]

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

U.S. Traffic Volume Near 2019 Levels in September

November 18, 2021 By CollisionWeek Editor

Traffic Volume

September traffic bounced back from August decline to third best month since start of pandemic compared to 2019. Travel volume in September increased on a year-over-year basis and the decrease compared to 2019 levels was the third smallest since the start of the pandemic. Travel for the month of September is estimated at 266.7 billion […]

Filed Under: Research Tagged With: Traffic Volume

U.S. Auto Body Repair Prices Up Nearly 7% in October Compared to 2020

November 12, 2021 By CollisionWeek Editor

The increase in body repair prices was above the rate of inflation. Biggest year-on-year increase since 1989. The most recent government figures on inflation through October 2021 show the rate of growth of auto body repair prices is above the rate of general inflation for the fourth month in a row. The result comes after […]

Filed Under: Research Tagged With: Auto Body Repair Prices, Labor Rates

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