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The Fuel Behind the Automotive Aftermarket

May 1, 2015by Meineke

Meineke Car Care and Dave Schaefers were featured in the May Issue of Franchising USA!

When most think of the auto industry, the first thought that comes to mind is driving a shiny new car out of the dealership. Drivers carefully examine their budget in order to make a thoughtful purchase that will cover down payments, insurance, registry etc. If you’re that person, you’re not alone

New car sales in the U.S. are expected to hit 17 million this year, which is up from 10 million just five years ago. However, the latest vehicle trends show that what is really driving the industry forward is the automotive aftermarket. The manufacturing, remanufacturing, distribution, retailing and installation of vehicle parts after the initial sale have grown steadily for the last 20 years. In fact, with the automotive aftermarket projected to top more than $722 billion worldwide by 2020, there appear to be no brake lights ahead in this segment. Every driver in need of a vehicle part, accessory, equipment and chemical adds up to more growth, and there’s never been a better time to examine what is fueling this booming industry.View the article here >>>

The Fuel Behind the Automotive Aftermarket