Industry Analysis & Industry Trends
Although disposable income fell during the downturn, causing consumers to delay vehicle maintenance, the recession also created pent-up demand because vehicle maintenance cannot be delayed indefinitely. As such, industry revenue is expected to grow 2014, as consumers inevitably seek out industry operators for necessary maintenance. The industry is forecast to grow over the next five years, albeit at a slower rate. Disposable income is set to rise and, in turn, consumers will visit industry providers at accelerating rates. However, external competition will remain a concern for the industry, as larger entities continue pressuring industry operators on price... purchase to read more
Industry Report - Industry Locations Chapter
The industry is generally spread according to share of population. Oil change service shops are generally located near highly visible intersections, major thoroughfares and freeway exits. In areas where public transportation is readily available, consumers are less likely to drive, pushing industry operators to concentrate elsewhere. The Southeast and Great Lakes regions account for the majority of industry establishments, combining for almost half (44.9%) of locations.
The Southeast region accounts for the largest share of industry establishments, with 26.2%. This region accounts for 25.4% of the population. The high number of establishments further reflects the Southeast's lack of public transportation, which forces consumers to drive more... purchase to read more