The winner will be randomly selected from correct entries and awarded $50. Entries must be received by the end of the month. Only one winner will be selected. Chances of winning are dependent upon the number of correct entries received. Employees of Babcox Media, industry manufacturers and BodyShop Business advertisers are not eligible to enter.
The winner will be randomly selected from correct entries and awarded $50. Entries must be received by the end of the month. Only one winner will be selected. Chances of winning are dependent upon the number of correct entries received. Employees of Babcox Media, industry manufacturers and BodyShop Business advertisers are not eligible to enter.
Popular Posts Scanning & Calibration: What's the Confusion? Collision Repair Expert: Brace Yourself For More Change Service King: On a Mission to Hire Military Veterans From CREF Scholarship Recipient to Gerber Apprentice KECO Highlights Glue Pull Repair System at SEMA (VIDEO) Connect with us advertise with us
Scanning & Calibration: What's the Confusion?
Collision Repair Expert: Brace Yourself For More Change
Service King: On a Mission to Hire Military Veterans
From CREF Scholarship Recipient to Gerber Apprentice
KECO Highlights Glue Pull Repair System at SEMA (VIDEO)
Popular Posts Scanning & Calibration: What's the Confusion? Collision Repair Expert: Brace Yourself For More Change Service King: On a Mission to Hire Military Veterans From CREF Scholarship Recipient to Gerber Apprentice KECO Highlights Glue Pull Repair System at SEMA (VIDEO) Connect with us advertise with us
Scanning & Calibration: What's the Confusion?
Collision Repair Expert: Brace Yourself For More Change
Service King: On a Mission to Hire Military Veterans
From CREF Scholarship Recipient to Gerber Apprentice
KECO Highlights Glue Pull Repair System at SEMA (VIDEO)
What It’s Like to Join a Collision Repair Network
Consolidation in the collision repair industry is accelerating. We hear it every day and see it everywhere, with countless reports saying it’s not slowing down anytime soon. But what if you don’t want to sell your shop?
Many independent owners, whether they have one facility or multiple locations, choose to join a network instead of selling their business. Have you ever wondered what it’s like to join a network? What happens to your facility? What is the process to join? What do you have to do? What are the benefits of joining, and what are the drawbacks?
In this webinar we’ll do a deep dive into all the details of joining a collision repair network, including:
Speakers Jason Stahl, Editor, BodyShop Business Micah Stewart, Manager of Integration and Franchise Services, Driven Brands Collision
Add Your Listing Edit Your Listing By Category Profit Centers Bedliners & Bedliner Franchises/DealershipsCar RentalConsolidatorsFranchises & NetworksPaintless Dent Repair Equipment, Services, Training & FranchisesVehicle Upgrade, Trim & Accessories Refinishing Air Supply SystemsBooth AccessoriesClean Air/Shop EnvironmentCleaning & RecoveryCompressed Air SystemsDetail EquipmentDetail Products & CleanersDrying & Curing Lights/SystemsGun PartsMasking ProductsPaint & Paint ProductsPaint SafetyPaint-Mixing SystemsPrep & Surface ProductsPrep EquipmentPrepstationsSpray Guns & PaintingSpraybooths, Prep Stations & Related Equipment Repair A/C Equipment & SuppliesAdhesivesBody Parts & AccessoriesDimension/MeasuringFrame Straightening & AlignmentGlass/Windshield Repair & ReplacementHand ToolsHeat Guns/Heat ToolsLifts & JacksMechanical Parts & AccessoriesMetal Finishing/FillingPlastics & Plastic RepairPower Tools/Electric & AirScan ToolsService EquipmentStorageVin Certification LabelWelding Equipment & ProductsWelding Safety Shop Management & Operations Advertising & Marketing ServicesCleanup ProductsClothingComputerized Office & Information SystemsInformation, Training & CertificationInternet & Web-Enabled ServicesManagement & Financial ServicesMiscellaneous Training Training: Carbon Fiber Structure Repair
Add Your Listing Edit Your Listing By Category Profit Centers Bedliners & Bedliner Franchises/DealershipsCar RentalConsolidatorsFranchises & NetworksPaintless Dent Repair Equipment, Services, Training & FranchisesVehicle Upgrade, Trim & Accessories Refinishing Air Supply SystemsBooth AccessoriesClean Air/Shop EnvironmentCleaning & RecoveryCompressed Air SystemsDetail EquipmentDetail Products & CleanersDrying & Curing Lights/SystemsGun PartsMasking ProductsPaint & Paint ProductsPaint SafetyPaint-Mixing SystemsPrep & Surface ProductsPrep EquipmentPrepstationsSpray Guns & PaintingSpraybooths, Prep Stations & Related Equipment Repair A/C Equipment & SuppliesAdhesivesBody Parts & AccessoriesDimension/MeasuringFrame Straightening & AlignmentGlass/Windshield Repair & ReplacementHand ToolsHeat Guns/Heat ToolsLifts & JacksMechanical Parts & AccessoriesMetal Finishing/FillingPlastics & Plastic RepairPower Tools/Electric & AirScan ToolsService EquipmentStorageVin Certification LabelWelding Equipment & ProductsWelding Safety Shop Management & Operations Advertising & Marketing ServicesCleanup ProductsClothingComputerized Office & Information SystemsInformation, Training & CertificationInternet & Web-Enabled ServicesManagement & Financial ServicesMiscellaneous Training Training: Carbon Fiber Structure Repair
BodyShop Business is the leading source of information for the collision repair industry. Through digital avenues such as videos, podcasts, webinars, e-newsletters, social media and more, plus a monthly print magazine, BodyShop Business delivers content on business management, vehicle repair, industry trends, breaking news and more that collision repair facility owners and managers need to stay current on the rapidly changing auto body world.
BodyShop Business is the leading source of information for the collision repair industry. Through digital avenues such as videos, podcasts, webinars, e-newsletters, social media and more, plus a monthly print magazine, BodyShop Business delivers content on business management, vehicle repair, industry trends, breaking news and more that collision repair facility owners and managers need to stay current on the rapidly changing auto body world.
ByBodyShop Business Staff Writers on December 20, 2021
ByBodyShop Business Staff Writers on December 27, 2021
ByBodyShop Business Staff Writers on December 23, 2021
ByBodyShop Business Staff Writers on December 23, 2021
How to perform a front radar calibration on a 2020 GMC Yukon Denali.
How to perform a front camera calibration on a 2020 Honda Civic.
Consolidators: CARSTAR Wicklunds Donates Car to Kansas City Veteran
Management: Auto Body Consolidation: Who Will Win the Race?
News: Top 5 Stories of the Week
Click here to view past issues.
Get the latest news, insights, and more delivered directly to you inbox.
The Romans Group LLC has announced that its 15th annual white paper, “2020 Profile of the Evolving U.S. and Canada Collision Repair Marketplace,” is now available.
Within the collision repair industry, 2019 was a pinnacle year for opportunity and success. Collision repair facilities were flush with repairable vehicles, and the relevant total addressable market (TAM) reached its all-time historical high.
Then, with very little warning in March of 2020, the scourge of the COVID-19 pandemic emerged and persisted through all of 2020, continuing throughout 2021 with new variants causing continued uncertainty. For the U.S. and Canadian auto physical damage ecosystems, as well as the entire world, 2020 will forever be seen as a year of significant disruption and accelerated structural change with far-reaching economic, social and political implications.
In 2020, the U.S. collision repair industry market declined 9.7%, or $3.7 billion, from 2019. Since 2006, when The Romans Group initiated their projected TAM analysis, their market size estimates for collision repair grew a healthy $8.3 billion with a CAGR of 1.9%.
In the near term, The Romans Group expects the total industry to continue to move toward their 2019 TAM level sometime in 2021-22 as the pandemic’s impact diminishes and a significant number of technicians return to the industry, allowing for increased vehicle repair production. The long-term prognosis for the direction of auto accident claims frequency suggests a downward sloping trend that gets steeper toward mid-century due to the ongoing adoption and effectiveness of collision avoidance technology.
The pandemic cut into the consistent annual market growth in 2020 and has taken the industry back to the 2016 revenue level.
The collision repair industry has and will continue to experience significant consolidation, reflected in the number of repair locations acquired, their respective revenue, and the transfer of collision repair organization ownership to private equity buyers and public companies. The number of repair organizations has decreased considerably since 2000 while consolidators and larger MLOs have created multi-location, multi-regional and national MLOs which now represent 31.2% of the collision repair industry’s TAM.
There is no evidence of a slowdown for investors as they continue to see value and opportunity in further investing in and consolidating the collision repair industry, even during a worldwide black swan event like the COVID-19 pandemic. Currently, there are a total of 13 MLOs in the U.S. who have a total of 16 private equity or strategic investors or are publicly held. As of 2020, this list of investors holds over $9.6 billion in operating revenue for these MLOs, which represents a 26.2% share of the 2020 collision repair market TAM.
The MLO rankings change when Driven Brands, a multiple-location network (MLN) is added to the list. Driven Brands has consolidated all four U.S collision repair franchisors: ABRA, CARSTAR, Fix Auto and Maaco.
COVID-19 seemed to have had a disproportionately negative impact on the Canadian collision repair industry as compared to the U.S. Government intervention was stronger in Canada with restricted travel, business shutdowns, personal lifestyle interference, less vehicle travel and insurance companies spending more time scrutinizing estimates. During 2020, there was a 45 to 50% decrease in repairable vehicles versus the same period in 2019. Through June of 2021, business continued to be down around 50%, although it is slowly improving.
Since 2012, the number of Canadian collision repair locations has decreased by 1,770 locations. The combined ≥$10M MLO/banners/MLNs segment drove Canada’s revenue growth during this time period, with the change from 2012 being CA$825 million, which is down from CA$1,572 million in 2019.
Within Canada’s top repairer ranking, the banner organization CSN, Collision Solutions Network, relinquished its first position in 2020 due to Fix Auto’s late 2019 acquisition of ProColor’s 172 locations. The Top 10 All Repairers organizations, which are also represented within the combined ≥$10M MLO independent and dealer and banner, franchise and network segment, represents over 80% of the industry’s revenue with less than 40% of the industry’s repair facilities.
When comparing the market size and share for the property and casualty insurance auto repair segments for the U.S. and Canada, there remain significant differences in the size of many categories. However, the market dynamics associated with the macro industry constructs are very similar in both countries. The U.S. collision repair market size on a U.S. dollar basis is 12.3 times the size of the Canadian TAM, with 7.4 times more repair facilities.
The U.S. and Canadian auto insurance markets are highly consolidated, with the top 10 private carriers controlling the lion’s share of premiums written and shouldering the majority of claims processed and settled. The U.S. private passenger property and casualty insurance industry, as well as the auto-only insurance segment, remain much larger in scale than the Canadian market for all other categories. Canada’s top 10 insurers maintain a higher consolidated market share at 82.4% versus 73.5% in the U.S.
There are a number of secular trends that exist today that will continue to have a material impact and influence on the collision repair industry and within the broader auto physical damage industry segments:
The Romans Group believes that the market segments profiled within their report will recover from the pandemic and continue to grow and expand their revenue base through organic growth, brownfield/greenfield development and acquisitions.
The Romans Group report contains the complete results of their research and analysis for 2020, including over 70 charts and graphs throughout more than 107 pages with historical trends and a future view. It can be purchased by contacting Mary Jane Kurowski at [email protected] .
Events: Registration Opens for 2022 HD Repair Forum
Associations: New Reps Join CIECA’s Board of Trustees
Consolidators: Focus Advisors Represents Quanz in Sale to Crash Champions
News: Axalta Releases 69th Global Automotive Color Popularity Report