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Collision Repair Industry Production Continued Setting Records in June

August 16, 2022 By CollisionWeek Editor

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 […]

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

U.S. Auto Body Repair Prices Up Nearly 15% in July Compared to Last Year

August 12, 2022 By CollisionWeek Editor

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 […]

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

Collision Claims Were Up Nearly 17% in First Quarter Compared to Last Year

August 4, 2022 By CollisionWeek Editor

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 […]

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

Gas Prices Drop as Fuel Demand Declines Following July 4 Holiday

July 22, 2022 By CollisionWeek Editor

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 […]

Filed Under: Research Tagged With: AAA, Fuel Prices, Gasoline Demand

Private Passenger Auto Insurance Market by State in 2021

July 21, 2022 By CollisionWeek Editor

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 […]

Filed Under: Research Tagged With: Auto Insurance, Net Written Premiums, Premiums

Collision Repair Industry Production Sets Another New Record in May

July 12, 2022 By CollisionWeek Editor

Production employment, women employees at highest levels ever. 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 growth on a year-over-year basis to new record high. Overall, total collision repair industry employment in […]

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

Fourth Quarter 2021 Average Weekly Collision Repair Wages Up 7.5% in U.S. Compared to 2020

June 16, 2022 By CollisionWeek Editor

The number of collision repair establishments and overall employment continued to increase versus pandemic influenced 2020. An analysis of U.S. auto body repair facilities, employment and wages show continued growth across all three categories in the U.S. during the fourth quarter of 2021 compared to the pandemic impacted quarter in 2020. According to the U.S. […]

Filed Under: Research Tagged With: Collision Repair Facility Population, Employment, Wages

Collision Claims Were Up 17% in Fourth Quarter Compared to Pandemic Impacted Quarter in 2020

June 10, 2022 By CollisionWeek Editor

Fourth quarter claims remain 5% below 2019 level. Losses up nearly 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 fourth quarter of 2021 continued to rebound from the impact of the coronavirus in 2020. Collision coverage claims […]

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

Collision Repair Industry Production Exceeds 8 Million Hours Per Week for First Time in March

May 12, 2022 By CollisionWeek Editor

Production employment at highest level ever. 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 growth on a year-over-year basis to a new record high. Overall, total collision repair industry employment in March was […]

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

Percentage of Dealers Operating Auto Body Shops Declined Again in 2021

April 22, 2022 By CollisionWeek Editor

Both the percentage of dealers operating collision repair facilities and dealership shop sales decreased last year versus pandemic impacted 2020. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealerships operating on-site body shops was down in 2021 versus the previous year. NADA’s research pegs the percentage of dealers […]

Filed Under: Research Tagged With: Auto Dealers, Collision Repair Revenue, Shop Population

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