Auto Repair Industry Information
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Throughout times of both prosperity and recession, the automotive repair industry has thrived. The reason why is simple: Americans rely on their cars. Maintaining and repairing our vehicles isn't an extravagance—it's often a necessity.
Some U.S. auto repair industry statistics:
- There were 257.9 million cars on the road in 2015
- The average age of U.S. vehicles was 11.5 in 2015 (an all-time high)
- On average, Americans spend more than $500 a year on car maintenance/repairs
- More than $125 billion is spent on maintenance/repairs overall
Other factors also continue to contribute to the stability of the auto repair industry. For example, vehicle manufacturing methods and standards have continued to rise, meaning car owners often get much more time out of their vehicle than generations past. Buying brand new cars has also become less of a priority for individuals and families looking to save money, which keeps older cars on the road longer and makes them more prone to upkeep and occasional repairs.