New research on EV vs. ICE repair costs helps the collision repair industry understand trends.
Posts published in “National News”
While remote work spurred a decrease in commuting, survey results showed people did not part with their vehicles; stats revealed crash fatalities rose.
New cost reduction program is expected to generate at least $150 million in savings and the company has made a decision to focus on its blended box business model.
Mobile repair has climbed at an annual pace more than 10 times faster than the overall DIFM light vehicle market in recent years.
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.
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.
