Numbers: What’s Your Five-Year Investment Plan? 

March 11, 2024
As automotive technology advances, here's what services auto repair shop owners expect to add.

According to respondents of the 2023 Ratchet+Wrench Industry Survey Report, over the next five years, 81% said they expect their annual sales to continue to grow with over half of shop owners saying they plan to invest in EV repair. When asked about ADAS investment, only a small percentage of shops were equipped for the service. 


Investment Focus 

  • ADAS: 46% 
  • EVs: 57% 
  • Fleets: 34% 


Is your shop equipped for ADAS work today? 

  • Yes: 16% 
  • No: 84% 

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