Production and total employment 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 February collision repair employment, hours worked and wages indicated production were up on a year-over-year basis but down slightly from record level in January. Overall, total collision […]
U.S. Traffic Volume Up in January Compared to 2022
Traffic up compared to last year even with higher year-on-year gas prices. Traffic volume in January increased compared to the previous year following two months of decreases. While traffic volume was above last year, it came in below the same month in 2019 prior to the impact of the pandemic. Monthly traffic on a year-on-year […]
Top 10 U.S. Auto Insurers Had Over 76% Market Share in 2022
Progressive moves into second place on the list of top 10 private passenger auto insurers. NAIC reports auto insurance premiums earned up nearly 5% in 2022. Total direct premiums earned on private passenger auto insurance were $270.26 billion in the U.S., up 4.86% from 57.7 billion in 2021 according to final data released March 28 […]
U.S. Auto Body Repair Prices Up Over 9% in February Compared to Last Year
On a year-over-year basis, the rate of increase in auto body repair prices is down from last month and the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through February released Tuesday, March 14 show the rate of growth of auto body repair prices is […]
Collision Repair Industry Production Sets New Record in December
Average weekly production hours worked at 40 hours for second month in a row. November was first time in more than two decades. 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 increased […]
U.S. Traffic Volume Declined in November Compared to 2021
Traffic down as higher year-on-year gas prices, continued high inflation and a tough comparison to a strong November 2021 drive traffic decline for the month. Traffic volume in November declined compared to the previous year after three months of increases. While traffic volume was below November 2021, traffic volume was above the same month in […]
Collision Claims Were Up Just Over 1% in Third Quarter Compared to 2021
Claims in the third quarter of 2022 remain below pre-pandemic levels. Losses were up 38% 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 of 2022 continued to rebound, but comparisons to pre-pandemic levels declined. Losses, however, […]
Collision Repair Industry Production Sets New Record for Third Straight Month in November
Average weekly production hours worked above 40 hours for first time in more than two decades. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary November collision repair employment, hours worked and wages indicated production increased compared to October and was up on […]
U.S. Auto Body Repair Prices Up Over 12% in November Compared to Last Year
The rate of increase in auto body repair prices is down from last month and the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through November released Tuesday, December 13 show the rate of growth of auto body repair prices is above the rate of […]
Independent Collision Repair Facility Revenue at Record Level in 2021
Revenue was above 2019 levels after suffering a decline in 2020 due to the impact of government shutdowns at the start of the pandemic. The latest statistics from the U.S. Census Bureau shows that independent collision repair facility revenue increased above both 2020 and 2019 levels as traffic and accidents increased from the pandemic lows […]
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