You might have seen the Chrysler ad at the Super Bowl starring Clint Eastwood. The famous actor described an automotive industry on the rise. Well, automotive franchises are on the move. At a time of great change and growth in the automotive industry, Franchise Direct has chosen to examine the state of automotive franchising with its new 2012 Automotive Franchising Report. Automotive franchises have delivered the keys of career freedom to thousands of American entrepreneurs in the last 30 years and Franchise Direct’s new report says this franchise sector will experience ever greater growth in the coming years.
One of Franchise Direct’s first reports on franchising, written in 2009, was based on the automotive industry. Franchise Direct’s new Automotive Franchise Industry Report has re-examined automotive franchising after three years in order to assess how it’s faring as the automotive industry completes a process of consolidation and renewal. Detroit was a different place three years, but America’s automotive aftermarket franchises are proving a durable and resilient.
There is no questioning the importance of the automotive industry to the US economy. People may be buying cars again, but the automotive aftermarket industry continues to grow regardless. The industry is worth about $287.5 billion presently, with automotive sales growing 4.2 % since 2009. The automotive franchising industry is one of the most diverse industries on the market, with opportunities available with maintenance, repair, auto body shop, car wash, car rental and aftermarket parts and accessories franchises, and the Franchise Direct Automotive Report explains the trends that are shaping this industry.
Government legislation to curb carbon emissions has become a reality in recent years and this has created the growth of green automotive franchises. Other automotive franchises have taken great strides to implement greener and safer work practices in recent years. The industry is poised for greater growth, as our report predicts that automotive industry franchises will enjoy profits of up to $336 billion by 2015.
For those entrepreneurs seriously considering an automotive franchise, this report also has an extraordinary amount of useful financial information on the sector’s top franchises. Readers can compare and contrast the country’s leading automotive franchises in order to select the ideal automotive business. As this report explains, these franchises are going places.