Boom in auto repair shops after the peak of the pandemic
PARKER, Colorado – Garages are always full at Pride Auto Care in Parker.
“Last year we thought it would be a terrible year,” said co-owner Vincent Pridemore. “It turned out to be an amazing year.
This seems to be the trend in auto repair shops across the country.
“It seems like more people are keeping their cars longer,” said Dwight Pridemore. “We have certainly seen a turning point in the decision to keep an old car and buy a newer one.”
Store owners from across the country gathered at a Transformers Institute convention in Colorado Springs in August. The consensus was clear: business is on the rise in all areas.
“There is instability in the economy,” said Greg Bunch, CEO of the Transformers Institute. “Some people seem to be doing just fine. Some just aren’t sure what’s going to happen. So people aren’t ready to take an $ 800 car payment.”
Bunch also spoke about the shortage of chips on new cars and the insanely high prices for used cars. In turn, more and more car owners are sticking to their old cars and going for tune-ups more often.
“It’s a good thing,” said Dwight Pridemore. “The cars are more reliable than ever. A little bit of TLC and they will do you good for many years to come.”
The Pridemores had to increase their numbers to meet demand. This is another trend that Bunch is seeing across the country.
Problems also arise. Parts shortages are becoming a problem.
“All of this extra business is good … to a point,” said Jamie Caldwell, owner of Elite Motor Works LLC in Florida. “When you get to the point where you can’t serve your customers anymore… they get mad… because they want their car fixed, that’s understandable. But if you can’t do it, you are providing a disservice. Then it’s kind of backwards work. “
Bunch doesn’t see this auto repair boom ending anytime soon.
“Overall, the next five years in our industry… all the statistics say we’ll have more out-of-warranty cars on American roads than ever before in history,” Bunch said.