Industry Analysis & Industry Trends
During the five years to 2015, the Oil Change Services industry encountered a few bumps in the road because of the global recession. As economic conditions deteriorated and disposable income levels decreased, consumers delayed purchasing new vehicles, which adversely affected the growth of motor vehicle registrations. Industry success is closely tied to motor vehicle registration levels, as more new cars on the road leads to a larger customer base for industry operators. In the coming years, industry revenue is projected to trend higher as disposable income improves and the automotive sector continues its revival. As income levels grow, consumers are expected to increasingly purchase value-added services, which will bolster revenue growth... purchase to read more
Industry Report - Industry Products Chapter
Oil change services are expected to generate the majority of industry revenue, accounting for an estimated 58.4% of industry revenue in 2015. Oil change services are often the most price competitive, designed to lure customers to buy other services and products with higher profit margins. During the economic downturn, industry operators responded to decreased consumer demand by slashing oil change prices across the board. Fortunately for industry operators, demand has since been restored, although external competitors are increasingly vying to steal market share. Large discount stores such as Walmart have begun offering oil change services.
Tire rotations are expected to account for 17.5% of industry revenue in 2015... purchase to read more