Posted by ABP: 19/12/19
"Vehicle repairers operate within such fine profit margins that one small inefficiency can be the vital difference between making a net profit or a net loss."
As repairing vehicles becomes more costly, the profit margins that bodyshops need to work with are becoming ever more fine.
In the Winter edition of Auto Body Professional, Audatex discusses how marginal gains can improve the bottom line of modern vehicle repair businesses.
Read the article online, and look out for the print edition arriving with readers this week!
Also see the latest UK Body Repair Industry Yearbook 2019-2020 which reveals the average pre-tax profit margin for some of the UK's largest bodyshop groups has fallen to 5.48% (from 6.72% last year)
ABP Club's analysis of the audited accounts (as filed at Companies House) for 23 of the largest bodyshop groups in the UK (excluding Nationwide) shows that 14 bodyshop groups saw their pre-tax profit fall in the last 12 months.
The average pre-tax profit margin has fallen to 5.48% (from 6.72% last year).
For more information see the latest UK Body Repair Industry Yearbook, available to read online