Search
+
    Invest with Confidence. Lead with Insights.
    • Drench in the knowledge with exclusive insights, ePaper & smart market tools with ETPrime.

    Pandemic hits car workshops' revenue stream

    The biggest impact was on the workshop revenue of dealerships, where 70 per cent of the service revenue comes from the body shop, according to the executives.

    Synopsis

    The biggest impact was on the workshop revenue of dealerships, where 70 per cent of the service revenue comes from the body shop.

    Fewer cars on the road during the Covid-19 pandemic meant not only fewer accidents, as most people worked from home, but also reduced revenue for body shops and a drop in insurance claims.Industry executives said revenue halved for body shops compared to the pre-Covid time. This happened as the average distance covered by a vehicle per month reduced 30-40%, they said. Studies showed that a positive fallout was that the number of deaths in road
    • FONT SIZE
    • SAVE
    • PRINT
    • COMMENT
    ET

    Uh-oh! This is an exclusive story available for selected readers only.

    Worry not. You’re just a step away.

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

    The Economic Times