U-Haul Closes Repair Shop in San Bernardino After 54 Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 23 2025
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Should l Buy UHAL?
Source: Newsfilter
Closure of U-Haul Repair Shop: The U-Haul repair shop at 891 S. Arrowhead Ave. has closed after 52 years of operation, resulting in the layoff of 37 employees. The facility will be transformed into a U-Box warehouse for portable moving containers.
New Repair Location: U-Haul's rental equipment servicing will move to a new repair shop at 1235 E. Baseline St. in San Bernardino, set to open on July 28, as part of the company's ongoing efforts to adapt and grow its services.
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Analyst Views on UHAL
Wall Street analysts forecast UHAL stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 48.640
Low
80.00
Averages
80.00
High
80.00
Current: 48.640
Low
80.00
Averages
80.00
High
80.00
About UHAL
U-Haul Holding Company is a do-it-yourself moving and storage operator through its subsidiary U-Haul International, Inc. (U-Haul). Its primary focus is to provide its customers with a selection of moving rental equipment, convenient self-storage rental facilities and portable moving and storage units and related moving and self-storage products and services. Its segments include Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment consists of the rental of trucks and trailers, portable moving and storage units, specialty rental items and self-storage spaces primarily to the household mover, as well as sales of moving supplies, towing accessories and propane. Its Property and Casualty Insurance segment provides loss adjusting and claims handling for U-Haul through regional offices in the United States and Canada. The Life Insurance segment provides life and health insurance products primarily for the senior market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Widespread Facility Distribution: Currently, U-Haul operates five self-storage centers in Hawaii, located on Oahu, Maui, and the Big Island, ensuring that affected residents can conveniently access storage services, thereby increasing the company's service coverage in the region.
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- Potential for Short-term Rebound: While oversold conditions typically signal heavy selling pressure, they can also precede short-term rebounds if fundamentals remain intact, prompting investors to closely monitor market dynamics for potential opportunities.
See More
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- Community Support Commitment: Jim Smith, president of U-Haul Co. of Tulsa, stated that the team is ready to provide dry and secure storage solutions for those impacted by the storms, highlighting the company's commitment and responsibility to support communities during natural disasters.
- Service Availability: The free storage offer applies to new rentals of self-storage and U-Box containers, based on availability at participating locations, ensuring that more affected residents can access necessary assistance and alleviate post-disaster stress.
- Company Overview: Founded in 1945, U-Haul is the third-largest storage operator in North America with over 1.126 million rentable storage units, dedicated to enhancing customer experience through transparent pricing and technological innovations, further solidifying its market leadership.
See More
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- Competitive Market Advantage: This price lock policy is available at over 2,100 U-Haul centers across the U.S. and Canada, contrasting sharply with competitors like Public Storage and Extra Space Storage, which often employ misleading low-rate strategies, thereby enhancing customer trust and increasing market share.
- Enhanced Customer Benefits: U-Haul's price lock not only eliminates administrative fees and deposits but also offers a free lock for first-time renters and a free first month with qualifying one-way equipment rentals, further boosting customer appeal and satisfaction.
- Industry Change Advocacy: U-Haul CEO Joe Shoen encourages other storage providers to adopt similar price lock strategies to protect consumer rights and improve trust across the industry, showcasing U-Haul's leadership and commitment to responsible business practices.
See More
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- Fleet Management Challenges: The company is grappling with an excess fleet issue, as the rental market has not shown significant recovery, prompting management to plan for increased sales of high-mileage older trucks over the next 12 months to optimize fleet structure.
- Self-Storage Business Pressures: The rate of new self-storage unit additions has outpaced rentals, leading to a surplus of units; while storage revenues grew by $18 million, same-store occupancy declined by 490 basis points, reflecting weak market demand.
- Capital Expenditure Adjustments: New truck purchases are expected to decrease by over $500 million in the next fiscal year, with management emphasizing the need to rebalance fleet composition to address ongoing market challenges and cost pressures.
See More
