Acquisition of Elite Extra expands ability to help customers make, move, sell and deliver across the aftermarket supply chain.
Posts published in “Mechanical Repair”
New arms make it easier to correctly spot and lift nearly any vehicle make and model, including EVs, using a single lift.
Decline at the pump may gain speed after recent drops in the price of oil.
The average service shop with 2-3 bays is expected to need to invest $80,000 – $270,000 to remain competitive in the EV services market.
"Out-of-state, big-box auto retailers — that don’t speak for independent auto repairers — spent nearly $5 million trying to scare Mainers," says Alliance for Automotive Innovation.
A similar ballot initiative passed by a 75% to 25% margin in Massachusetts in 2020 despite automakers spending more than $25 million to try to defeat it.
This is Fenix Parts’ sixth acquisition in the Midwest and brings Fenix’s location count to 24 full-service and 5 self-service locations.
