Fewer and fewer Americans, especially those in the younger generations, have the skills or the interest to perform routine car maintenance themselves. For anyone thinking of investing in an oil change franchise, this is a sign of a growing business opportunity. The average age of vehicles on the road is at its highest ever—11.5 years. This means that one out of every four vehicles in the U.S. was built before the year 2000. Older cars require more routine maintenance, making it a great time to get into the oil change service industry.
Did You Know?
Revenue for the oil change service industry is $7 billion annually
SOURCE: SOURCE: IBISWorld
The average fast lube customer changes his or her motor oil every 4,858 miles
SOURCE: SOURCE: National Oil & Lube News
Oil changes are the most common type of service, totatling 24% of all services performed
SOURCE: SOURCE: Car Care Council
The oil change service industry is the leading driver of traffic through automotive service bays
SOURCE: SOURCE: NPD Group
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