The increase in auto body repair prices is down from the all-time high in July but continues above the rate of inflation. Collision repair facilities report securing labor rate increases from insurers in response to historic levels of inflation. The most recent government figures on inflation through September show the rate of growth of auto […]
U.S. Traffic Volume Decline Accelerated in July
Even though gas prices were down from the historic highs in June, the traffic decline in July increased compared to 2021 and 2019. For the second month in a row, traffic volume was down in July compared to the previous year. Of concern, the rate of decline was higher than in June and was also […]
Collision Repair Industry Production Down in July
After setting new records for five straight months, production declined in July versus the previous month. Month was up over 12% on year-over-year basis. 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 […]
U.S. Department of Labor Projects Auto Body and Glass Employment to Increase Just 3% by 2031
The growth rate is below the 5% projected for all occupations during the 2021-2031 time frame. The latest projections from the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) Occupational Outlook Handbook project slower than average growth in the number of automotive body and glass repairers. Data from the BLS projects the number of […]
U.S. Traffic Volume Declined in June as Gas Prices Hit Historic Highs
Traffic declined versus both previous month and year but was slightly up compared to June 2019 before the pandemic. June traffic was down compared to the previous month and June 2021 as gasoline prices hit record highs. The June result marks the first year-on-year decline since February 2021 during the pandemic. Traffic on a year-on-year […]
Collision Repair Industry Production Continued Setting Records in June
This is the seventh straight month where production set a new record. All employment categories hit new records during the month. 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 growth on a […]
U.S. Auto Body Repair Prices Up Nearly 15% in July Compared to Last Year
The increase in auto body repair prices continues above the rate of inflation. Marks historic largest year-on-year increase reported since data was tracked starting in 1978. The most recent government figures on inflation through July show the rate of growth of auto body repair prices is above the rate of general inflation for the 13th […]
Collision Claims Were Up Nearly 17% in First Quarter Compared to Last Year
First quarter claims remain over 4% below 2019 level. Losses up nearly 35% 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 first quarter of 2022 continued to rebound with claims nearing pre-pandemic levels and losses far above historic […]
Gas Prices Drop as Fuel Demand Declines Following July 4 Holiday
Gasoline delivered last week was below level in 2020 during height of pandemic declines. According to AAA, prices at the pump continued to decline as demand declined following the July 4 holiday. The national average price on July 21 was $4.440 per gallon, down from $4.467 the day before, $4.605 the previous week and from […]
Private Passenger Auto Insurance Market by State in 2021
The latest report on the U.S. private passenger auto insurance market from the NAIC details the top 10 insurers in each state 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 auto insurance […]
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