Why Automotive Repair Franchises Are Racing Past COVID-19
At the beginning of the pandemic, travel braked to a screeching halt with heavy restrictions on international flights and quarantine lockdowns discouraging interstate travel. But those changes fueled a strong increase in a venerable American tradition: the road trip. And more driving demand means automotive repair franchises are well-positioned for growth in 2021 and beyond.
The New York Post conducted a study in Summer 2020, when travel demand is usually at its peak, and found that while daily commuters were no longer driving to their jobs due to remote work, 44 percent of American drivers were taking more road trips due to record low gas prices and having other types of travel canceled. From beach trips, to camping, and more in the outdoors, people see driving in a private vehicle as their safest option and are relying more heavily on their cars for getaways.
And all that driving will add up to wear and tear on the nation’s vehicles. According to PRNewswire and ResearchandMarkets.com, the automotive repair market is expected to grow from $691.7 billion in 2020 to $828.6 billion in 2023 at a CAGR of 7% starting in 2021.
What does that mean for entrepreneurs looking to purchase a franchise? Travelers will likely keep automotive repair franchises humming in 2021. Below are a few of our recommended car care franchise opportunities:
AAMCO Transmissions, Inc.
As one of the oldest automotive service franchises in the industry, AAMCO is highly recognized as a trusted source for your car’s needs. To learn more about a franchise opportunity with AAMCO Transmissions, Inc., click here.
Christian Brothers Automotive
In 2019 Christian Brothers Automotive was ranked #2 in Forbes’s “America’s Best Franchises to Buy” and after 38 years of business they have yet to close a single location. On average, the top 20% of Christian Brothers’ franchisees earned more than $269,965 in 2017 and grew to $295,122 in 2018 based on Total Owner Benefits reporting in the following years. For more information on a franchise opportunity with Christian Brothers Automotive, click here.
Grease Monkey operates more than 400 centers internationally and is one of the United States’s largest independent franchisors of automotive oil change centers with plans to open 30+ new locations in 2021. Grease Monkey Franchising, LLC, serves more than 2 million customers each year and has been recognized in Entrepeneur's Franchise 500 in 2018 and 2019. To learn more about a franchise opportunity with Grease Monkey, click here.
Jiffy Lube International, Inc.
With over 2,000 locations in North America across 47 states, Jiffy Lube is one of the largest automotive repair franchises in the United States. For more information about a franchise opportunity with Jiffy Lube International, Inc., click here.
Midas International Corporation
Founded in 1956, today Midas has grown to over 2,100 locations worldwide. In 2021, Midas International Corporation was ranked #1 in category of “Top 500 Franchises” by Entrepeneur. To learn more about a franchise opportunity with Midas International Corporation, click here.
Milex Complete Auto Care
Milex Complete Auto Care plans to open over 100 locations by 2023. Recently, the franchise was named as one of the Top 100 Game Changers by Franchise Dictionary Magazine in 2021 and was ranked #481 on Entrepreneur magazine’s Franchise 500 list in 2020. For more information about a franchise opportunity with Milex Complete Auto Care, click here.
Precision Tune Auto Care
Since 1976 Precision Tune Auto Care has provided total car care and grown to more than 320 service centers operating in six countries. The franchise has been a top-rated franchise 500 company for more than 30 years, and is ranked in Entrepreneur magazine’s Franchise 500 list in 2018. To learn more about a Franchise Opportunity with Precision Tune Auto Care, click here.
SpeeDee Oil Change & Auto Service®
With 40 years in the automotive service and repair industry, SpeeDee Oil Change & Auto Service® has been a recognized leader in the automotive repair industry with awards from Franchise Rankings, Franchise Business Review, and Entrepreneur magazine’s Franchise 500 list in 2017. For more information about a franchise opportunity with SpeeDee Oil Change & Auto Service®, click here.
Tuffy Auto Service Centers
With over 50 years in the auto repair industry, and nearly 100 locations Tuffy Auto Service Centers has established a network of successful franchisees. Recognized by Entrepreneur magazine’s Franchise 500 list in 2020, Tuffy Auto Service Centers has established its business as a leading car care franchise. To learn more about a franchise opportunity with Tuffy Auto Service Centers, click here.