WESTMONT, Ill. — The costs of tools and equipment, along with the advanced technology found in new vehicles, are considered the greatest threats to general repair shops, according to an IMR Inc. survey of auto service businesses.
In June, the automotive research firm said it surveyed general automotive repair shops about current and future threats to their business. Of the six current/future threats asked about, the cost of tools and equipment required to service late model vehicles and advanced technology on newer vehicles nearly tied for the highest threats.
However, as the size of the shop increases, the threat of the cost of tools/equipment decreases, according to survey results.
For shops with more than six bays, advanced technology on newer vehicles is actually the number one threat, according to the survey.