1997 Shop Kinks
Machine shops and custom engine rebuilders are, and always havebeen, a resourceful group. Our industry was founded on the principalof bringing component parts from a condition of disrepair to onethat offers equivalent performance to that of a new part. Rebuilt engines offer cost savings and performance benefits thatcan not be found with any other products,
Niche Market Opportunities
In today’s highly competitive market, it makes sense to constantlybe on the lookout for new opportunities. Information on the marketsdescribed in this article may provide some new business prospectsfor those shops not already involved with them. However, rebuildersshould constantly be prospecting for other niche markets for theirexisting products or services. There are potentially many products
Power Investments, Inc.: Building An Empire In The Rebuilding Industry
Mike Jarvis, 53, president of Power Investments,Inc., is quietly building an empire in the rebuilding industry.If you want proof, just take a look at his frequent flyer miles(he’s averaged about 2,500 business miles per week over the pastfour years), and the fact that company growth has averaged between12-18% per year, mostly through acquisitions, since 1983.
Forklifts
Engine rebuilders often classify themselves as an automotive (car and light truck), and/or medium duty/heavy-duty diesel or industrial rebuilder, and usually primarily stay in one market or the other. Some cross the line and do business in both markets, but most tend to stay in familiar territory where they’re comfortable. Yet rebuilding forklift engines is
Lane Parts Co.: Many Rebuilders Are In A State Of Transition
It seems that many rebuilders are in a state of transition. Whether it’s due to changing ownership, technology, products or markets, almost all machine shops and engine rebuilders are facing increasing competition in an increasingly consolidated market. Lane Parts Co., Eugene, OR, Automotive Rebuilder’s 1996 Machine Shop of the Year, is no exception. This Northwest
Machine Shop Performance: This Month We Complete Our Extensive Market Profile
Part I of last month’s profile of the machine shop market revealed that engine production in business year 1995 was almost identical to that recorded in 1994. Based on a universe of 6,000 to 8,000 full-service machine shops, custom engine rebuilders produced between 1.4 million to 1.87 million engines in 1995. Last month’s data provided