A number of trends are impacting the entire collision repair segment — collision repairers, parts and paint distributors, parts and paint manufacturers, even equipment suppliers. These include technology, consolidation and monetary policy. All trends that are projected to further consolidation in the industry.
ABRN contributor and financial expert Brad Mewes gives a brief history of consolidation in the industry from a unique angle — looking at how consolidation has impacted the many different sectors in the industry. He discusses why consolidation is such an attractive business model. He also recounts the challenges of a business owner who discovered that his largest competitor is able to out offer lower prices but at a higher profit margin than he is currently able to achieve.
