Do legacy shop owners—i.e., those who purchased their shops or had the businesses passed down to them from a family member—have an edge in building and running a successful shop? There may not be a clear-cut answer, but judging by findings from the 2018 FenderBender Industry Survey, there are a few intriguing trends. Such as: Legacy shop owners do tend to have higher annual sales volumes, and tend to have plans to expand their businesses, compared to shop operators who took ownership of a facility through means other than family ties.
However, that same group of legacy owners also tends to be less inclined to have a succession plan in place for their businesses. Here’s a closer examination of 2018 survey statistics along those lines.
Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...
