Bad Times in the Motor Repair Market?

Recent studies into the future of UK body shops have forecast an even harder time for the industry. A lot of business’ were saved with the bad weather causing more accidents over the winter months of 2010 and this salvaged their hopes of keeping afloat, but no matter what the weather man says, it can’t bail them out year after year.

Since the financial crisis caused by the banks back in 2007 & then an almost worldwide recession the number of car body repairs has dropped by 7% and this is expected to keep falling. Also, the number of body shops going to the wall has dramatically increased – approximately 50% higher than the UK (non-motor trade) standard.

Of course everything has an upside and a downside. For the more established businesses the fall could ironically mean more business for them as there would be fewer competitors in the market against them. It may also mean that companies of lesser ability and skill are no longer bedevilling customers.

For the smaller business we have listed a few general tips below which we hope will be of help to you (for more tips please visit our main website):

Build links with other companies in your area – e.g. car sales companies, taxi ranks, companies with vehicle fleets
Specialise in certain areas or do a recommend a friend scheme where a client receives a small incentive for passing your name on
Utilise more modern repair techniques to minimise your costs and maximise your profits

Whether you are a full or part time motor repairer we can help you with free help and advice for your motor trade insurance policy and other industry related topics.

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

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