EVs: Opportunities Outweigh Challenges for Collision Repair Shops

April 24, 2023|Auto parts and accessories, Automotive Aftermarket, Automotive Dealers, Blogs, Car Washes, Collision, Oil and Lube, Paint Jobbers, Tire and Service|

As the automotive industry continues to shift towards electric vehicles (EVs), collision repair businesses have a significant opportunity to stand out by investing in the training and equipment necessary to repair EVs properly.

The internal combustion engine still has lots left in the tank

March 27, 2023|Auto parts and accessories, Automotive Aftermarket, Automotive Dealers, Blogs, Car Washes, Collision, Oil and Lube, Paint Jobbers, Tire and Service|

Internal combustion engines (ICEs) have been around for more than 100 years, and despite a surge of competition from electric vehicles (EVs), they are still highly relevant and will likely remain so for a long time to come.

FOCUS Telecom U.S. Communications Service Provider Quarterly: Winter 2023 Report

January 23, 2023|Downloads, Industry Reports, Telecom Technologies & Services|

After losing more than 25% in our fall report, the FOCUS Communications Service Provider Index (CSPI) turned things around and managed to deliver a three-month gain of 10.0%. This was better than the three-month gain for the S&P 500 of 7.1% and far superior to the 1.0% loss in the NASDAQ. Even so, the CSPI’s year-over-year performance remains dismal with a drop of 34.3%. This underperformed both the 19.4% loss in the S&P 500 as well as the 33.1% drop in the NASDAQ over the 12-month period. Sub sector multiples also dropped considerably compared to this time last year, falling from 2.7x revenue and 7.6x EBITDA a year ago to 2.2x revenue and 6.2x EBITDA currently.

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