Overview
The 82,700 automobile repair shops in the US fix cars with mechanical problems or restore a vehicle after a collision. The automobile repair industry is highly fragmented. Most out-of-warranty vehicles are repaired at independent shops. A vast majority of independent service shops are family-owned.
Competition from Dealers
Faced with declining new car sales, car dealerships are increasing their efforts to service and repair vehicles of all types.
Declining Collision Sector
Once a highly-profitable segment, the collision and body repair sector is in what some industry experts have termed “irrevocable decline.
Industry Financial Benchmarks
Here are typical financial statements for auto repair shops.
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