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 […]
Percentage of Dealers Operating Auto Body Shops Declined Again in 2021
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 […]
Collision Repair Industry Production at Record Level in February
Production and total employment forecast set new record high level in February. Hours worked flat with January. 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 growth on a year-over-year basis to a new […]
Third Quarter 2021 Collision Repair Average Weekly Wages Up 7.2% Compared to 2020
Employment improved compared to previous year but remained below 2019 levels. An analysis of U.S. auto body repair facilities, employment and wages by state shows that collision repair employment continued to improve in the third quarter of 2021 but remain below levels in 2019. Average weekly wages for the third quarter were up after having […]
Top 10 U.S. Auto Insurers Had Over 75% Market Share in 2021
NAIC reports auto insurance premiums earned up over 3% in 2021. Total direct premiums earned on private passenger auto insurance were $257.7 billion in the U.S. in 2021, up over $7 billion, or 3.1% from $250 billion in 2020 according to final data released March 28 by the National Association of Insurance Commissioners (NAIC). The […]
U.S. Gasoline Demand Declining in March
After rebounding in February, historically high gasoline prices appear to be reducing gasoline demand and traffic volume. Gasoline demand has been declining throughout March in the wake of historic gasoline prices. The four-week moving average in March has declined compared to 2019 levels for each of the first three weeks during the month after rebounding […]
INRIX Reports U.S. Travel Declines Slightly as Gas Prices Increase
Midwest and Southern region trips declined while Western and Northeast increased last week. According to INRIX, while gasoline prices have increased dramatically over the past month, the price increases have had a negligible effect on driving, as employees return to offices and COVID-19 restrictions eased across the country. “Despite the increase in trip demand over […]
Collision Repair Industry Production Exceeded Pre-Pandemic Levels in January
Production and total employment forecast at record high level in January. Hours worked down slightly from December, but up from January 2020 and 2021. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary January employment, hours worked and wages indicated growth on a […]
U.S. Gasoline Demand Rebounds in February
While the surge in COVID-19 cases impacted demand in January, February gasoline consumption closed in on 2019 levels despite higher fuel prices. Gasoline demand rebounded sharply in February following four weeks of declines throughout January. The four-week moving average of gasoline consumption had been above 2019 levels for four of five weeks reported in December, […]
U.S. Traffic Volume Above 2019 Levels in December
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 […]
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