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.
The Core Market Right Now Is Very Soft
Core suppliers throughout the industry aretrying to interpret the reasons for a slower market this year."The core market right now is very soft", says Bob Grady,president of Rebuilders Automotive Supply (RAS) in Cranston, RI."Unit sales are about the same, but prices and margins aredown and terms are longer, so profits are down too." It’s human
Machine Shop Market Profile Part II
Based on information provided in part one ofour annual Machine Shop Market Profile which appeared in lastmonthís issue, the machine shop market produced between1.31 million and 1.7 million rebuilt engines in 1996. These figuresrepresent a decline of about 7% from the previous production year. Part one of our annual Machine Shop Market Review featured detailson
7CleanCsts.doc
So it’s important to remember when deciding on a specific approach to cleaning to strive for cleaning effectiveness, while at the same time, staying in compliance with Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) regulations. In order for a machine shop to have a positive return on investment, cleaning systems and
Machine Shop Market Profile
As is generally already known, the machineshop/custom engine rebuilder market struggled in 1996 to keeppace with production numbers generated in 1995. Many shop ownerstold us that demand was flat for machine shop services and/orrebuilt engines during 1996. Verification of these shop owners’ commentswas generated in our annual survey of the membership of the AutomotiveEngine Rebuilders
Salvage Yards
For more than 75 years, automotive recyclers have had a role in the supplying of used parts to commercial repair operations including body shops, new and used car dealers, auto and truck fleet businesses, independent repair shops and garages. Through recycling more than 11 million vehicles a year with more than $5 billion in annual
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