Automotive repair industry trendsHere are some of the crucial numbers coming out of this Ibis world report: 64, 2.5%, 565,110, and 258,416. Those final two numbers are the quantity of employees and businesses at present operating inside the auto repair sector theater getting into 2018. So, clearly, you’re not the initial person to think about the profitability of getting into the auto repair business But never worry, it really is not full yet! That 2.five% is the growth seen from 2012-2017 the development that is predicted to continue for at least 5 years. And that very first quantity? The 64? That is $64 billion the total income generated by the auto repair sector in the United States in 2017.
Some of the top players identified in the worldwide automotive repair and upkeep solutions market place are Jiffy Lubes International Inc., Driven Brands Inc., Asbury Automotive Group Inc., Sumitomo Corporation, Belron International Ltd., Monro Muffler Brake Inc., Firestone Comprehensive Auto Care, Goodyear Tire & Rubber Co., Ashland Automotive Inc., and Carmax Autocare Center.
The most significant concern is how to share information in a protected way. In 2015, Wired published an post that demonstrated how hackers could handle a moving automobile by exploiting its wireless connection capability. The hackers wrote a white paper about vulnerabilities in connected vehicles that inspired the FBI and the National Highway Visitors Security Administration to issue a public service announcement warning connected auto buyers to be conscious of potential threats” of hackers.