Enter the fast lane of small business ownership with an automotive franchise, where every car passing by could be a potential customer.
Heck, in the United States alone, which has over 284 million vehicles in service, the demand for dependable auto repair services stretches as far as Route 66 is long.
From the comprehensive services of Ziebart to the specialized transmission expertise of AAMCO, the best automotive franchise businesses have forged reputations for excellence and unwavering customer loyalty.
Beyond financial gains, owning an automotive franchise offers stability even in turbulent economic climates, delivering a familiar and indispensable service to car owners everywhere.
That said, with the right automotive franchise, you’ll become a pillar of your community, providing convenience, quality, ethics and professionalism to drivers who rely on their vehicles daily.
So, rev your engines and delve into the dynamic realm of automotive franchising.
$381 Billion Reasons: The Data
According to Franchise Direct, “The automotive aftermarket industry brought in an estimated $381 billion in 2017, 75% of which was concentrated in the maintenance and care of cars and light trucks.” But what defines the automotive aftermarket?
“The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.”
It’s A Big Number!
Now let’s go back to that number again, $381 billion. Do you realize how big that number really is?
If so, great. If not, one thing you can do (maybe) get your arms around it, is to count the number of cars in the parking lot the next time you’re in a medium-sized shopping center.
Seriously. Get out of your car or truck and count them. There are a lot of vehicles there, right?
But it’s important to know that most of the vehicles you just counted won’t be there 3 hours from now. A bunch of different ones will…just in that one shopping center’s parking lot. Just in your town.
Now multiply your number by 116,000. That, according to Statista, is how many shopping centers there are in the U.S. Of course, there are many other places where you can see lots of vehicles…just in case you want to do some more counting.
More Reasons To Own An Automotive Franchise Business
- Specialized Expertise: Automotive franchises often specialize in particular services or areas of expertise, such as auto detailing, transmission repair, or windshield replacement. By focusing on a good niche within the automotive industry, franchisees can develop specialized skills and knowledge that will set them apart from “general” auto repair shops. This specialization not only attracts customers seeking specific services but also allows franchisees to command higher prices and build a loyal customer base through their expertise and quality of work. And higher prices can equal higher profits!
- Access to Industry-Leading Technology and Equipment: Many automotive franchises have access to industry-leading technology, equipment, and much-needed diagnostic tools that may be prohibitively expensive for the independent operator down the street to buy. By leveraging the resources and amazing purchasing power franchisors have, franchisees can stay ahead of the curve in terms of technological advancements and offer their valuable customers cutting-edge services and real-life solutions. From advanced diagnostic software, to state-of-the-art repair equipment, franchised locations are equipped to deliver superior results and maintain a super-competitive edge in the market.
- Strong Network and Collaboration Opportunities: Joining an auto franchise means becoming part of a larger network of franchisees who share a common brand and business model. This powerful franchisee network can provide valuable opportunities for collaboration, knowledge sharing, and peer support. Whether it’s sharing best practices, troubleshooting technical issues, or collaborating on local marketing campaigns, franchisees can benefit from the collective experience and insights of their fellow owners. Additionally, franchisors often put on networking events, conferences, and local forums where franchisees can connect, network, learn from industry experts, and forge informal partnerships that can enhance their success.
These specific advantages highlight the unique opportunities that automotive franchises offer in terms of specialized expertise, access to cutting-edge technology, and the support of a strong network of fellow franchisees and industry professionals. By capitalizing on these benefits, franchisees can differentiate themselves in the market, deliver exceptional value to customers, and achieve long-term success in the automotive industry.
Opportunities: Automotive Franchise Types
There are several different types of automotive franchise opportunities available today.
Everything from auto-body businesses that do collision repair and painting, to car washes, transmission repair shops, detail shops, automotive rental agencies, and more.
Note: let’s add highly-specialized services to the mix. For instance, repairing EV’s! It’s going to be huge!
With those things in mind, if you’re interested in learning more about automotive franchising, and the opportunities available, check out the official Automotive Franchise Industry Report from Franchise Direct.