Womply, a data science team, conducts an ongoing daily survey to quantify the impact of COVID-19 on local businesses across the U.S. It looks at data analysis of transaction trends year-over-year at 400,000 local businesses across the country, including 30,000 auto services businesses (see www.womply.com).

Here’s what the data revealed about last week’s impact on local auto services businesses nationwide:  

Auto repair and maintenance

  • Weekly revenue at local auto repair and maintenance businesses is down -41% YoY
  • Last week was their worst revenue week of 2020
  • 8% have stopped transacting entirely

Auto parts and supply shops

  • Weekly revenue at local auto parts and supply businesses is down -32% YoY 
  • Last week was their worst revenue week of 2020
  • 9% have stopped transacting entirely

Tire services

  • Weekly revenue at local tire services businesses is down -39% YoY
  • Last week was their worst revenue week of 2020
  • 7% have stopped transacting entirely

Auto wash and detail

  • Weekly revenue at local auto wash and detail businesses is down -48% YoY
  • The week of March 16 was their worst revenue week of 2020, when weekly revenue was down -53% YoY
  • 12% have stopped transacting entirely

Gas stations

  • Weekly revenue at local gas stations is down -48% YoY
  • Last week was their worst revenue week of 2020
  • 4% have stopped transacting entirely

Towing and roadside assistance

  • Weekly revenue at local towing and roadside assistance businesses is down -47% YoY
  • Last week was their worst revenue week of 2020
  • 7% have stopped transacting entirely

You can view their ongoing analysis here.

“In addition to our analysis of settled card transaction data, our data science team occasionally surveys small business owners for qualitative insights,” says the Womply team. “We polled 2,300 business owners and asked them how long their business would stay solvent if sales stopped entirely.” (Overview here.)

Key findings: 

  • 21% said their business would last less than 30 days if sales stopped
  • 55% said they’d have less than 90 days
  • 57% said a major slowdown in sales would be “extremely damaging” to their business, vs. 47% for economic recession.

“Our transaction analysis shows that some categories are getting very close to 'sales stopping.'” (Full analysis.)

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