As it stands, nearly 80% of collision repair shops in the U.S. are scheduling vehicle repairs out two weeks or more, according to CCC Intelligent Solutions, Inc. However, supply chain snarls limiting the availability of parts is only part of the problem. As with other industries, repair shops are struggling to attract and retain workers. (Credit: chartphoto/Adobe Stock)
Rising repair costs coupled with a labor and skills shortage are driving up claims costs for auto insurers, according to RSM, which reported prices to repair vehicles increased nearly 5% during March 2022. This is more than double the average of 2.3% that was seen from 2016-2019.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
