Trend Tracker reveals a brand-new series of quarterly detailed industry reports, the first of which entitled ‘Emerging from COVID-19’ which is now out and available here https://www.trendtracker.co.uk/reports-data/ offering an option to purchase the report or start a monthly subscription to access this report and all future reports. The report contains extensive desktop research as well as contributions from its data and insight partners (Consumer Intelligence, Thatcham Research, the SMMT and Solera Audatex)
One of the critical areas of concern across the industry is the repair volume set against 2019 as a baseline. Trend Tracker monitors this through the unique data from their Data and Insight Partner Audatex and looks to predict the rest of the year.
Both April and May were 72% and 73% respectively vs. 2019, which will be a cause of concern for many in the industry. The ‘Emerging from COVID-19’ report highlights many impacts of COVID-19 which continue to change the market and the impact this is having on businesses. It includes the results of a UK-wide survey encompassing more than 200 repair centres from right across the UK, the report chronicles the impact on capacity, revenue, people, and borrowings with only a third of the respondents not needing to increase their borrowings, leaving many needing the return of regular volumes of work from a year which has, so far, removed over three quarters of a million repairs.
Crucially, Emerging from COVID analyses this data, along with significant supporting research to consider what the future will hold.
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