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Fast Facts about the Market Today
The Auto Repair Market:
This is big business. The
auto repair business is a growing $196 billion industry. There are
several reasons for this, but the main factors are:
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The average age of the
cars on the road is 9.8 years. In 1999 alone over 67% of the
cars and light trucks on the road were over 6 years old. Older
vehicles need repairs.
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People are driving more
miles than ever before.
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There are more two-car
households than ever before. Over 40% of US households have two
vehicles and almost 20% have three or more.
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The corner service
stations and garages are closing or being replaced, most often with
convenience stores; and more close each year. Since 1990 alone
there has been a decline of more than 24,000 service stations or
garages.
Our Market is Growing:
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People are holding on to
their vehicles longer.
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The average age of cars
and trucks on the road in the US is the oldest it has ever been.
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Cars and trucks have
become valuable investments that need care and repair.
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New car and truck prices
continue to escalate.
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Used Vehicle Sales are
increasing and expected to increase into the next century.
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Customers can not have
their vehicles fixed over the Internet. They need a
professional, trustworthy repair facility.
People want and need to keep their cars and trucks running.
The products and services we specialize in keep those vehicles safe and
reliable.
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