Industry Analysis & Industry Trends
Get your motor runnin'
Though the Auto Customization Shops industry suffered as a result of the recession, consumers have increased their discretionary spending, and the industry is regaining traction. This trend, along with rising average car prices, will continue to benefit the industry, though rising raw-material and oil prices still threaten revenue and profit.... purchase to read more
Industry Report - Starting a New Business Chapter
Despite the low industry concentration, the barriers to entry for the Auto Customization Shop industry are still moderate and can deter some potential new entrants. For example, the regulatory requirements on all types of automotive body shops have increased over the past five years. Federal and state government entities have honed in on standardizing procedures, materials, parts and pricing. In addition, a long history of consumer complaints of fraud, overcharging or poor workmanship has created proposals aimed at improving the transparency between the industry and its consumers. Overall, the cost of such regulatory compliance can deter some firms from entering the industry. Start-up capital requirements also may discourage entry into the industry. Des... purchase to read more