• 2016

Opportunity Abounds

With more vehicles in operation, an increasing average age of vehicles on the road and a declining number of vehicle repair shops, there are many opportunities for future growth. Giving the best service and customer care becomes imperative. LangMarketing.com reports the following industry nuggets:

 

5000

The total number of car and light truck repair outlets that have decreased in the U.S. over the last five years.

 

Roller_Coaster

While the total number of repair outlets declined in recent years, there’s been growth among outlets that specialize in tire sales and light repairs – and outlets that specialize in foreign nameplates.

 

Truck_Art

With the increase in average age of vehicles on the road, and a decrease in the number of vehicles being scrapped, there’s an increase in demand for replacement parts (both maintenance and repair).

Cross

 

321

The amount a typical car owner spent in parts and accessories in 2015, up from $304 five years earlier. Light trucks climbed from $430 in 2010 to over $475 in average by 2015.

46_Billion

The amount made in registered tire sales last year in North America. The top producers with market share were: 1. Bridgestone Americas 22.4% 2. Michelin 20.3% 3. Goodyear 15.1% 4. Continental Tire 6.1% 5. Cooper Tire 5.6%

TAGS:   |   |   |