What is popular in automotive franchising right now?

opinion expressed by entrepreneur Contributors are yours.

Recently, an age-old industry record was broken, though you may have missed it if you weren’t paying attention. according to new Research From S&P Global Mobility, the average age of cars on US roads is now 12.2 years. Another study by the same researchers predicts double-digit growth in the aftermarket commercial vehicle parts. This is largely due to the pandemic’s impact on the supply chain, as inventories of semiconductor chips and parts suddenly became scarce. Good News? Demand hasn’t dropped a bit. America’s love affair with the automobile industry has always been and continues to be so. And thanks to the proven business model and corporate support offered by the franchisees, entrepreneurs Now is your opportunity to capitalize on these market conditions.

related: Four Tips for Succeeding as an Entrepreneur in the Automotive Industry

market driven by drivers

When it comes to talking idle, traffic problems within the city are becoming the same as talking about the weather. Our most populous areas are getting more residents. This means more cars on the road, longer trips and more wear and tear on our vehicles. This is to say nothing of the highly technical features found in our automobiles, which require trained technicians to diagnose and fix them. As mentioned above, people hang on to their cars and trucks for long periods of time, opting to service them on a recurring basis when they visit new car lots. When it comes to keeping our cars running, consumers have high expectations about the level of Facility And the value is to be found in the automotive market. We are busier than ever but we have less time to manage our affairs. In short, mobility has become a premium in a market driven (literally) by drivers.

real horsepower industry

If you are considering an automotive-related franchise, there are a variety of options available. Most auto franchises sell what is known in the “aftermarket” industry: any product or service purchased after the vehicle has been sold. Among your franchising options, you’ll find product-oriented businesses—including parts, accessories, lubricants, tires, and equipment. On the service-oriented side, there are quick-lube oil changes, car wash, collision repair and mobile details. These options can be found in a packed marketplace that some industry experts expect to become even hotter. According to ResearchandMarkets.com, the repair market alone is expected to grow to $828.6 billion in 2023, with a 7% CAGR year-on-year. And you don’t have to be a car fanatic to get in on this action. Training and ongoing support provided by Committed franchisor What can make you a gearhead in no time – all you need is an avid boss, ready to make your entrepreneurial dreams a reality.

related: The future of the automotive industry depends on a software-driven business model

of entrepreneur 2022 Top automotive franchises include many household brand name, trusted businesses including retailers such as Magical, ziebart, line-x, mako, jiffy lube And Valvoline Instant Oil Change, The beauty of the automotive franchise category is the huge variety of business models available to every entry level entrepreneur. Franchise candidates can go with traditional brick-and-mortar options, which are needed for quick-service oil change locations or explore mobile-based opportunities with emerging brands. spiffy – On the go car care clinic that provides washing, detailing, oil change, tire repair and lighting maintenance services to the customer. of entrepreneur list of 2022 Top Automotive Franchises There’s an eclectic mix, but you absolutely won’t need ASE-certification to own and operate any of these concepts. As long as you follow a proven business model and rely on the training and support provided by these top automotive franchise brands, you’ll be set for success – even if you are not A dyed-in-the-wool hot rod fanatic.

RELATED: Love Cars? Auto Shops Are Open, And Here Are 5 Franchises You Can Buy