Industry Analysis & Industry Trends
The Auto Maintenance and Repair Franchises industry stalled during the recession as drivers opted for public transportation and put off vehicle repairs. However, this trend is expected to reverse as more commuters find jobs and require maintenance for their vehicles. Rising new-car sales could hinder this anticipated growth, as these vehicles require less repair work.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Auto Maintenance and Repair Franchises industry is in the mature phase of its life cycle. Over the 10 years to 2019, industry value added (IVA), the industry's contribution to the overall economy, is expected to increase at an average annual rate of 3.0%, compared with average annual GDP growth of 2.5% over the same period. Growing at a rate close to the overall US economy is a characteristic of a mature industry.
The industry's service segments are clearly segmented and have not seen many significant changes in the past five years. The largest service segments, body and paint, oil changes and transmission repair have remained the largest segments over the past five years. Having clear and established product segments is also characteristic of a mature industry... purchase to read more