Golden, Colorado — Highlights from the Romans Group LLC’s 15th annual white paper, A 2020 Profile of the Evolving U.S. and Canadian Collision Repair Marketplace were unveiled last Friday.
According to Vincent Romans, managing partner, CEO and founder of the Romans Group, “COVID-19 seemed to have a disproportionately negative impact on the Canadian collision repair industry as compared to the United States,” largely due to government-imposed restrictions. During 2020, there was a 45-to-50 percent decrease in repairable vehicles versus the same period in 2019, said the report.
According to Romans data, the number of Canadian collision repair locations has taken a hit in the last near-decade, decreasing by 1,770 locations since 2012. The combined ≥$10M MLO/Banners/MLNs segment drove Canada’s revenue growth during this time period with the change from 2012 being CA$825 million which is down from CA$1,572
million in 2019, said the company.
Further details of the report, including Canada’s top-ranked consolidators, will be available exclusively in the next issue of Collision Repair magazine.
The full Romans Group LLC report, A 2020 Profile of the Evolving U.S. and Canada Collision Repair Marketplace contains the complete results of the company’s research and analysis for 2020, including over 70 charts and graphs throughout more than 107 pages with historical trends and a future view. The report can be purchased by contacting Mary Jane Kurowski of The Romans Group LLC at firstname.lastname@example.org.