RepairandMaintenanceServices.PDFVIP

Catalogue no. 63-247-X . Service bulletin Repair and Maintenance Services .2007 Highlights ? Operating revenues for the Repair and Maintenance service industry rose 5.2% from 2006 to $19.9 billion. ? Firms in the automotive repair and maintenance service industry, the largest of the group, represented 59.7% of total operating revenues earning $ 11.9 billion in 2007, up 2% from 2006. ? The Operating profit margin for the auto industry was 6.9% in 2007, up from 6.6% in 2006. Modest increase in operating revenues left profits relatively unchanged. ? Operating expense rose 1.6% to $11.1 billion from previous year. Cost of good sold remain the largest operating expense item at 43% followed by Salaries and wages and benefits at 28%. ? Industry revenue growth was driven by smaller firms as the top 20 largest firms represented only 6% of the total operating revenues in 2007. ? Provision of electrical, commercial and industrial machinery and equipment repair service firms accounted for the remainder, earning $8.0 billion in operating revenues in 2007, up 10.2% from 2006. ? It’s operating expense increased by 9.8%, reaching $7.3 Billion in 2007. Rising expenses were due in part to increase in salaries and wages. As a result its operating profit margin increased slightly from 9.1% in 2006 to 9.4% in 2007. Salaries and wages and benefits represented 31% of total operating expense. Note: This survey excludes vehicle repairs provided by gasoline stations, retailers such as car dealers and retail chain stores. The salary and wage expense does not include fees paid to contract workers. All data are expressed in current dollars. Repair and Maintenance Services Statistical tables Table 1 Summary statistics for repair and maintenance services, Canada, 2005 to 20071 Operating Salaries, Operating Operating