Say Goodbye To Your Mom & Pop Auto Shop: It’s Probably Closing

A survey of small businesses found that indie garages aren’t faring so well, and more than half want to shut their doors for good in the next five years:

One-third of owners in the automotive services and repair industry consider their financial situation worse in 2015 than it was a year earlier.

More than half — 56 percent — of those owners are considering exiting their business by 2020. That number is 18 percent more than for any other industry included in the study. [emphasis ours]

The reasons aren’t just financial, though: 32% of shop owners say they took fewer than 10 vacation days in the previous year.