Christian Brothers Automotive stands tall in a business that’s always in demand. After all, American car ownership has traditionally been high — more than 93% of households owned at least one car in 2017. In recent years, the trendlines for automotive aftermarket services have also been pointing in the right direction. This makes the automotive franchise an especially promising franchise opportunity to consider.
Car ownership continues to remain high, but the percentage of new car purchases began to stall around the Great Recession. In fact, a majority of U.S. buyers (62%) in the first quarter of 2019 opted for used cars. Increasing sales of used cars means greater demand for repairs, and it also means more business for Christian Brothers Automotive franchise owners. Indeed, forecasts predict the global automotive aftermarket industry to reach $722.8 billion by the end of this year.
The strong market for automotive services, in addition to franchisee commitment to serving their communities with integrity, honesty and respect, has accelerated growth for the franchise.
The automotive services aftermarket will continue to rev up in 2020 and beyond. Now is the perfect time for aspiring entrepreneurs to hit the road with Christian Brothers Automotive.
Reach out to us today to move your business into the right lane for growth.