1. With the rise in individuals holding onto their motor vehicles for longer -- the average age of a car on the road is now just over 12 years old -- the after care market for auto repair continues to rise, making transmission franchises one of the fastest growing and most lucrative industries to invest in.
2. Until the 1960s, transmission repair services were done solely by the car dealership. It wasn't until 1963 that consumers became dissatisfied with dealership services and the market for specialized transmission services opened up. Franchise businesses saw the potential for proven systems in this business and quickly took advantage of the growing opportunity.
3. Like oil change franchises, many auto transmission franchises choose to diversify their service offerings to include more general automotive care services as well. Transmission services generally account for about 34% of these franchises' business, while total car care and general automotive repair accounts for the remaining 66% of business.
4. The market for Transmission repair is forecast to reach $292.1 million by 2026, per IndustryARC.
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