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Equipment and Tool Institute Launches Important J-2534 Market Research Study

In an effort to assist its members in bringing new and improved equipment and tools to the marketplace, The Equipment and Tool Institute (ETI) has launched a series of Market Research Projects. The current survey is an update to research done in 2009 and covers Flash Reprogramming, or J2534, as it is also known.
By Shop Owner Staff
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In an effort to assist its members in bringing new and improved equipment and tools to the marketplace, The Equipment and Tool Institute (ETI) has launched a series of Market Research Projects. The current survey is an update to research done in 2009 and covers Flash Reprogramming, or J2534, as it is also known.

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ETI is surveying automotive repair facilities in an effort to find out more about their familiarity with and use of flash reprogramming tools and any new information involved with flash reprogramming. ETI will use this research to help all segments of the automotive industry provide aftermarket shops with better flash reprogramming solutions.

There will be a presentation on the findings of ETI’s Market Research Study at ToolTech 2013 in San Diego, CA, April 23-25, 2013 and DVDs with the complete study information including spreadsheets, PowerPoint presentations, and documents will be made available to all attendees.

If you are part of an automotive repair facility and are interested in participating in ETI’s survey, go to the following link:
www.emartecgroup.com/PR/PRlogin.html.

This survey can only be taken online.

Previous Market Research Studies have included J2534 Reprogramming, TPMS, Telematics, Collision Repair, A/C Service, Hybrid and Battery Service which are available on our website at www.etools.org.

If you have an idea for a future marketing Survey Project, send an email to Jessie Korosec, marketing manager at [email protected].

Founded in 1947, the Equipment and Tool Institute is a trade association of automotive tool and equipment manufacturers and technical information providers. ETI’s mission is to: Advance the vehicle service industry by providing technical data and open dialog between the manufacturers of transportation products, government regulators and the providers of tools, equipment and service information.
 

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When Your Shop Is Worth Much More Than You Thought

Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.

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Leveraging more than 30 years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and sellers of industry businesses of all sizes. Art is a member of IBBA (International Business Brokers Association, Inc.). For more information, or to initiate a no-obligation confidential consultation, visit www.art-blumenthal.com.
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Case Study: Owner of San Francisco-based Import Service Shop Delighted to Discover Just How Valuable His Business is to Qualified Buyers
I sometimes share case studies of the clients I have been able to assist in my role as an aftermarket business broker and provider of intermediary and advisory services. I do that when I think the story will provide a reader in similar circumstances with new insights or helpful information.
In the case of Cowden Automotive, Inc., I acted in a consulting capacity assisting the owner and his broker in valuing the business, creating a marketing plan, finding a qualified buyer, and arranging financing for the sale.
Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.
Needless to say, delivering that kind of good news to a shop owner is a rewarding experience. Discovering that the sale of his business would result in his retirement nest-egg being substantially larger than he had ever thought was a fitting tribute to someone who had spent his entire working career as a busy automotive service shop owner.

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