According to the third annual State of Heavy-Duty Repair report, which was issued by Fullbay in partnership with ATA’s Technology & Maintenance Council, the revenue of heavy-duty repair shops seems to be on the rise in 2022, gradually approaching pre-pandemic levels. This report provides insights into the current state of the heavy-duty repair industry, including trends, challenges, and opportunities for growth.
The report suggests that the heavy-duty repair industry is rebounding from the effects of the COVID-19 pandemic, and the revenue generated by repair shops is showing signs of improvement. This is a positive development for the industry, as it indicates a return to the level of business activity that existed prior to the pandemic.
Benchmark Your Business with The Heavy-Duty Repair Report
“This year’s report provides repair shops with essential insights and best practices to run their business,” said Fullbay CEO Patrick McKittrick. “The report offers commercial repair data you can’t find anywhere else with learnings on shop management, labor challenges and other current industry issues. It’s all designed to provide shops with a tool to benchmark their business.”
The report’s key findings are equally exciting, revealing that 76% of shops raised their labor rates in 2022, while 25% of shops surveyed were pulling in between $1 to $2 million each year. Additionally, 19.8% of shops reported having a better handle on their P&L, compared to only 9.8% last year. TMC Executive Director Robert Braswell notes that the report’s recommended practices offer proper assistance for repair shops looking for guidance in dealing with challenges.
“At TMC, we have been helping industry professionals improve maintenance and maintenance management for decades, and this report is an excellent way to better accomplish that goal,” said TMC Executive Director Robert Braswell. “Facing obstacles isn’t new for repair shops; our recommended practices, which are included throughout the report, offer proper assistance for repair shops looking for guidance dealing with these challenges.”
Download the 2023 report for free here.
Furthermore, the report highlights the importance of technology in the heavy-duty repair industry. The integration of technology in repair operations has helped to streamline processes and improve efficiency, leading to increased revenue and customer satisfaction. The report also identifies some of the challenges that the industry is facing, such as a shortage of skilled technicians and rising equipment costs.
Here at The Heavy Duty Parts Report, we agree with the report’s emphasis on the continued adoption of technology and the implementation of strategies that address the challenges faced by the industry. In our experience, technology has become a critical component of the heavy-duty parts industry, enabling businesses to optimize their operations and provide better service to their clients. Take a look at some of our related news here: How Technology and Regulations Impact the Heavy-Duty Parts and Service Industry
Member Empowerment with TMC
TMC, through leadership support and collaborative opportunities, empowers its members to develop the best practices that address critical truck technology and maintenance issues with the greatest impact on truck fleets. For over 60 years, TMC’s member-driven Recommended Maintenance and Engineering Practices have been setting the standards that help trucking companies specify and maintain their fleets more effectively. Stay connected with TMC on Twitter, LinkedIn, and Facebook to stay updated on the latest industry practices.
Fast And Efficient With Fullbay
Fullbay, a company headquartered in Phoenix, Arizona, is transforming the way heavy-duty repair shops and internal fleet maintenance departments operate, resulting in more efficient, focused, and faster organizations. The company offers a comprehensive platform that seamlessly integrates every aspect of the business in real-time from any location, resulting in streamlined workflows and increased transparency in operations. Founded in 2014, Fullbay prioritizes delivering excellence in operations, preventive maintenance solutions, and inventory management optimization to its diverse customer base. Additionally, Fullbay Cares is a program dedicated to supporting essential workers in the heavy-duty repair industry. For more information, please visit www.fullbay.com.
ATA Advocates For the Industry
The American Trucking Associations is the most prominent national trade association for the trucking industry, representing the voice of the sector upon which America heavily relies on for moving its freight. With a federation comprising 50 state trucking associations and industry-related conferences and councils, ATA has a broad reach that advocates for the interests of the industry. Stay connected with ATA on Twitter or Facebook and remember that Trucking Moves America Forward.
As we look to the future, we are optimistic about the prospects for continued growth and success in the heavy-duty repair sector. By staying up-to-date on industry trends and best practices, and by continuing to adapt to the changing needs of our clients, we believe that our business, and the industry as a whole, will continue to thrive.