Episode 19 – What’s Next in Collision Repair
Vincent Romans is the founding principle and managing partner of The Romans Group LLC. His four decades of experience as a consultant within the collision repair market provides a unique perspective on the various dynamics which will shape the collision repair market in the years ahead. We caught up with Vincent at the ASA MSO Symposium in Las Vegas and asked him to share his thoughts on what’s next for the industry. Listen in to hear about:
· The first likely IPO by a major MSO consolidator in 2020
· The growth of private equity in the collision market
· Market disruptors and the earthquake effects of secular trends
· The growth of OE Certification programs, OE Repair Standards and the effect of telematics and artificial intelligence on the collision and insurance industries
· The “sweet spot” for shop size to maximize productivity and MSO interest
· Vincent’s projections for continued growth and increasing severity