Electric cars worry me. Should I sell before they change the business?
Cars will keep needing tires, brakes, suspension and diagnostics for a long time. But if the thought of retooling makes you tired, that's a real signal about your timing.
If this sounds like youYou keep hearing that electric cars will change everything. You don't want to buy new equipment and learn new tricks at this stage.
What you can do.
Keep going and adapt
Train a tech and add what you need over time.
Sell to someone who'll invest
A buyer with resources can handle the changes.
Sell the building and step out
The real estate keeps its value either way.
What to watch for.
- Don't sell in a panic over headlines.
- Look at what's actually coming into your bays.
- Your building on a busy road stays valuable whatever cars do.
Owner to owner, and it stays private.
Lotus invests in training and equipment across our shops, so the changes in cars are our job to handle, not yours.
James StephensonLotus, Massachusetts and Connecticut
Quick answers.
Will electric cars kill repair shops?
Cars still need service and repairs. The work will change, but shops aren't going away.
Does it affect what my building is worth?
A good auto building on a busy road keeps its appeal.
Thinking about what comes next for your shop or building?
Tell James a little about it. Only James reads it, and the conversation stays private. No pressure, no broker and no mailing list.