Romans Group Releases 2021 Profile of the Collision Repair Marketplace

The Romans Group announced its 16th annual white paper, A 2021 Profile of the Evolving U.S. and Canadian Collision Repair Marketplace, is now available.

The pinnacle year for the collision repair industry was 2019, with an alltime high total addressable market (TAM) of $38.3 billion. Repair facilities were flush with repairable vehicles and had the manpower and parts to service the demand.

The recovery years of 2021 and 2022 were and continue to be awkward and choppy, as the collision repair industry attempts to bounce back within the constructs of numerous macro industry challenges and opportunities, U.S. economic and geo-political headwinds despite the many post-pandemic recovery advances within the collision repair industry and throughout the broader interconnected auto physical damage landscape.

In 2021, despite a continued reduction in repairable claims, the industry’s TAM recovered to $38.6 billion despite fewer repairable claims, which were primarily supported by an offset increase in higher severity.

Collision Repair Industry

Our near-term future view sees a coalescing of several trends that portend industry growth with both risks and opportunities.

From the beginning of the pandemic in 2020 and continuing throughout 2022, demand for collision repair services exceeded technician capacity for most of the

Resolution To Ban EVs in Wyoming Dies in Committee Soon After Introduction

By Kevin Killough Cowboy State Daily

A Wyoming Senate resolution to phase out electric vehicles in Wyoming has died.

If it had passed the full Legislature, Senate Joint Resolution 4 would have made it a goal that the sale of new electric vehicles (EV) in the state be phased out by 2035.

It requested that Wyoming industries and residents voluntarily limit their sales and purchases of new EVs.

It failed to gain traction with the Senate Minerals, Business and Economic Development Committee meeting Jan. 16, but not without some debate.

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Voluntary Compliance

The resolution was not a bill and, had it advanced all the way to becoming law, wouldn’t have had the force of a ban. Its sponsors have said the main purpose was to make a statement against states like California and New York, which are similarly banning the l CONTINUED ON PAGE 16

Oka’s Collision Centers of Hawaii Purchases Island Fender in Honolulu, HI

Oka’s Collision Centers of Hawaii, a family-owned company with more than 50 years in business, announced the purchase of Island Fender in Honolulu, HI. The company also owns Oka’s Auto Body in Waipahu, a town in Oahu.

“We are very excited to have purchased Island Fender and grow our company,” said Brandon Okahara, co-owner of Oka’s Collision Centers of Hawaii. “We look forward to the challenges and the l CONTINUED ON PAGE 22 l CONTINUED ON PAGE 4 added opportunities to build on the foundation that our family has built over the years.”

Oka’s Auto Body was established in 1965 by Eddie Okahara. Over