Automotive Franchise Opportunities
Americans are buying new cars more than ever before. There were 17.5 million vehicles purchased in 2016, which was almost half a percent more than the year before. In fact, the auto industry just received its seventh straight year of sales growth.
The automotive franchise industry is only expected to grow for the foreseeable future, due to increasing car ownership, steady new car sales and the need for maintenance and repair of older cars that have extended longevity.
Automotive Franchise Industry Stats
What Automotive Franchise Opportunities Are Available?
The diversity of available automotive franchise opportunities means that entrepreneurs have a high chance of finding the right business for their goals, interests and budget. For example, the cost of purchasing an automotive franchise varies greatly, but some start for as low as $5,000. Plus, the growing demand to fulfill the needs of commuters makes finding the right automotive business locally available. Opportunities include:
A strong interest in automobiles certainly helps when you take on an automotive franchise opportunity, but it isn’t necessary. As with most franchise ownership opportunities, the top prerequisites for success are a love of doing good business and taking care of your customers.