Private equity firms are very active in the collision repair market, and the automotive aftermarket in general; yet for as active as private equity groups are in the industry, these groups are not well understood.
It is important to position your business to thrive – not just survive – in the collision repair industry, and to do that requires a focus on three things — sales and marketing, production, and finance and human resources.
A new brownfiled shop in Aston, Pennsylvania has implemented the gas catalytic drying system, which requires only standard electrical and natural gas hook-ups and uses infrared energy to rapidly cure filler, primer and paint.
Last week, there was discussion of the Boyd Group Income Fund, specifically the Fiscal Year 2014 Income Statement, and how it's similar and different to the income statements of other industry operators .
We all know it’s too easy for that follow-up to fall through the cracks. That’s why I believe you need to have a standard operating procedure in place, and one or more people responsible for that follow-up.
In a recent survey, one-third of collision repair shops nationwide said they have never asked to be paid for “masking the engine compartment” when this “not-included” procedure has been necessary as part of a repair.
Our Collision Repair newsletter from ABRN provides up-to-date news, innovative products, technical discussions and shop management features designed to enhance your business. Published every Tuesday and Friday