Automotive Franchise Opportunities
With American families holding onto their cars longer and the number of automobiles in the country at an all-time high, the demand for auto aftermarket services, such as repairs and replacement part sales, is strong and growing stronger each year, especially as cars become increasingly complex and require additional upkeep. In fact, it’s estimated that the U.S. auto aftermarket brought in $273.4 billion in 2017 alone.
Additionally, there are 272 million cars on the road in the U.S. with the average age of American vehicles at roughly 12 years. All of these factors have contributed to a 25% growth in the automotive franchise industry since 2014. This aftermarket encompasses a diverse variety of services, offering many options to choose from. These services include auto mechanics, vehicle repairs, car washes, paint jobs, detailing, aftermarket parts, and car insurance.
The U.S. auto aftermarket industry generated revenue of $273.4 billion in year 2017
There are more than 272 million registered motor vehicles in the U.S, a never-ending supply for automotive franchises
The number of automotive franchises has grown 25% since year 2014
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