Collision Repair Industry Production Up in September Compared to 2023

The collision repair industry experienced a slight decline in production in September 2024 compared to the previous month, marking the fourth consecutive month of decrease. However, production remained higher than the same period in 2023. This decline is attributed to a reduction in both hours worked and the number of production and non-supervisory employees.

Despite the recent dip, the industry’s overall employment and production hours for September 2024 are still up compared to the same period in 2023. While average weekly wages for production employees increased in September, the rate of increase has slowed down compared to previous years. The industry continues to face challenges such as declining collision claims and a changing economic landscape.

Read more: https://lnkd.in/eRCREKqN

#collisionrepair #industry #production #employment #wages #BLS #USLaborDepartment #economicdata

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