Industry Analysis & Industry Trends
Revenue in the Oil Change Services industry is expected to rise as demand strengthens and operators continue to upsell value-added services. In addition, 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. The number of motor vehicle registrations is expected to rise, which will increase the number of vehicles that require routine maintenance work... 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 2014. 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 2014... purchase to read more