What You Should Know About Automotive Service Franchises In 2021
Automotive service franchises have been and will continue to be some of the most stable and most profitable businesses to own in America. But every year brings new challenges. How are automotive service franchises doing in 2021?
Looking Back And Looking Forward.
If 2020 will be remembered as the year of COVID-19, then 2021 will be remembered as the year of. . .COVID-19. It’s unfortunate, but the coronavirus will likely be a major factor in our lives for at least most of 2021. This is most important in terms of health, of course; the most important thing is that we and our loved ones stay healthy. But business is important, too, and many businesses have suffered and even had to close because of COVID-19. How has the pandemic affected the automotive service industry?
With more people working from home (or not working at all) and people generally being less social, there’s been less driving. And that means less wear and tear and less work for automotive franchises, right? Maybe. It stands to reason, but we still don’t have any hard numbers from 2020 to make a clear conclusion. What is clear is that automotive service franchises did a lot better than many other businesses.
Automotive Service Is An Essential Service.
Not everybody needed their vehicles in 2020 as much as they did in 2019, and for many, the situation is the same in 2021. But it seems these people do not represent the majority of people. Many still rely on their vehicles, if not for work, then at least for errands. Some people have actually increased their driving; it’s safer than taking public transport. While actually doing the work of servicing automobiles is tricker in 2021 thanks to masks, physical distancing, and having to wash our hands 100 times a day, any drop in demand looks paltry compared to the long-term trends.
What Do The Numbers Say About Automotive Service Franchises In 2021?
What do the stats say? How many auto parts are people buying? Last year, personal consumption of auto parts reached an all-time high of $50.03 billion! It would appear that even with people’s reduced incomes, auto care is a necessity, so they will still pay for automotive service. And used vehicle sales continue to increase. Because used vehicles need more repairs and maintenance than newer ones, this means higher demand for auto service franchises. 2021 should be a good year for automotive services.
Tuffy Tire & Auto Service
Tuffy is an industry leader in automotive service. We are always looking for qualified candidates to open new franchise locations. To learn more, please contact us via our website or call (419) 865 – 6900.