A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
Vehicle maintenance and repair is a multibillion-dollar industry in North America. With new vehicles still in short supply during the COVID-19 pandemic, more drivers are keeping their current cars and light trucks. Proper maintenance, cosmetic care, and other services help keep them in top shape and on the road longer.
Auto repair shops, detailers, customizers and accessory installers, and traditional service garages that have digitalized with the help of shop management systems have been able to more efficiently manage operations. Systems allow shop managers to schedule work for their employees, keep track of inventory, implement electronic vehicle inspections, and establish marketing and loyalty programs.
Independent shops are usually small operations with only a few workers. Shop management systems free up the repair teams to concentrate on their core mission. The systems also benefit customers, who can easily compare prices and schedule service online, monitor work status, and stay in communication with the attending technician via email or text message to explain problems in more detail or approve additional work.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. The analyst analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.
Table of Contents
1. Strategic Imperative and Growth Environment
- Strategic Imperative
- Growth Environment
2. Frost Radar™
- Frost Radar™: Workshop Management Systems for Passenger Car and Light Commercial Vehicle Services in North America
- Frost Radar™: Competitive Environment
3. Companies to Action
- ALLDATA
- Identifix Direct Shop
- Mitchell 1 Manager SE
- Mitchell RepairCenter
- NAPA TRACS
- Shopmonkey
- Shop-Ware
- Winworks
4. Strategic Insights
5. Next Steps: Leveraging the Frost Radar™ to Empower Key Stakeholders
- Significance of Being on the Frost Radar™
- Frost Radar™ Empowers the CEO’s Growth Team
- Frost Radar™ Empowers Investors
- Frost Radar™ Empowers Customers
- Frost Radar™ Empowers the Board of Directors
6. Frost Radar™ Analytics
- Frost Radar™ Benchmarking Future Growth Potential
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ALLDATA
- Identifix Direct Shop
- Mitchell 1 Manager SE
- Mitchell RepairCenter
- NAPA TRACS
- Shop-Ware
- Shopmonkey
- Winworks