We at BodyShop Business have done our best to bring you the latest consolidation news, as the buying and selling of body repair facilities has been fast, furious and ever-changing. All credit goes to Laura Gay, owner of Consolidation Coach, who did a fabulous job creating the content you desire. Who better to do that than someone who helps collision center owners looking to sell their shops get the most return for their businesses?
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Gay’s recent article, “Auto Body Consolidation: Who Will Win the Race?” blew up our website, and we thank you for reading. Compared to the start of 2021, Gay said consolidation has gone from a leisurely ride across the country to the Daytona 500. What’s surprising, she said, is that it hasn’t slowed down at the end of 2021 as she thought. In fact, some store owners are so desperate to get out that they’re willing to take hundreds of thousands of dollars off their businesses.
“Some store owners don’t want to work on their business to increase its value and get more,” Gay said. “They are tired and therefore want to get out and will take what they can get.”
Someone less familiar with the situation asked (jokingly, I think) if there would be any shops left after the dust settled. Well, of course there will be. Some stores are unwilling to sell and are intrigued by industry challenges and forced to stay competitive and gain market share. Others are simply not attractive to consolidators. Others will fill the void left by departing stores, and Gay believes there will always be a place for smaller stores that offer exceptional customer service with a hometown feel.
We will continue to monitor the consolidation environment as it is likely to continue to change. As Gay said, there’s so much drama it could almost be part of the next big Netflix series! Stay tuned.