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Is your competition going out of business?

HarrytheCarGeek
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Gonzo Grand Master

Gonzo

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When I first opened my shop some 30 years ago, there were over 30 auto "electric" repair shops. Most only did alternator and starter overhauls and not wiring type repairs like I specialize in. Now there just a few shops left that still do rebuilds.

You're right about the car count, but... the cars have changed so much in the past 30 years that a lot of the work we used to do is not a money maker anymore. Which is what probably drove the other shops out of business.

HarrytheCarGeek Experienced

HarrytheCarGeek

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Gonzo, you are right.

 

There is this one thing I want to point out, Chinese competition really distorted the market. Think about this, how can a CV axle be cheaper new than a local rebuilt unit? Somethings don't make sense until you see that it's not business as usual, but economic political warfare.

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HarrytheCarGeek Experienced

HarrytheCarGeek

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I would love my competition closing down. I don't think any have though lol

 

A drive around may be in order, no? Stop by and say hello to those still open too, that may give you some surprise...

mspecperformance Mentor

mspecperformance

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Posted

 

A drive around may be in order, no? Stop by and say hello to those still open too, that may give you some surprise...

 

 

I hear the same crying from everyone. Business is slow for them etc etc. I don't see any shops going out of business necessarily. Well not enough to be alarmed. Many times they close shop but a building gets built where their shop was so assuming they just cashed out on the NYC real estate game.

HarrytheCarGeek Experienced

HarrytheCarGeek

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I hear the same crying from everyone. Business is slow for them etc etc. I don't see any shops going out of business necessarily. Well not enough to be alarmed. Many times they close shop but a building gets built where their shop was so assuming they just cashed out on the NYC real estate game.

 

Oh, man! You are right in NYC!

 

I couldn't imagine your overhead. Hey, question, how do the guys on the Bronx can do $40 brakes for the taxi guys?

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      Shop owners: Focus more on employee retention than acquisition. This is not to say that you should not be constantly recruiting. You should. What it does means is that once you hire someone, your job isn’t over, that’s when it begins. Get to know your technicians. Build strong relationships. Have frequent one-on-ones. Engage in meaningful conversation. Find what truly motivates your technicians. You may be surprised that while money is a motivator, it’s usually not the prime motivator.
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