Automotive Franchises

Rather than an independent shop, you’re buying into a proven concept, which increases your chance of success. Long-term investment risks are usually lowered when investing in an established franchise. The franchise costs are known and identifiable (to you and lenders). You receive valuable initial training and support and property management advisory, and other soft-cost services that can be very helpful. You have the advantage of an established system of franchisees who’ve gone down this road and can offer assistance. Plus, the franchisor brings buying power and economies of scale to negotiate lower prices for products and services.

1. According to the Auto Alliance, the automobile industry employs 9.9 million Americans or about 5.1% of private-sector employment. Michigan and Ohio employ the most workers in the auto industry. 2. Considering that there are approximately 323 million people in the United States, that means more than 1 out of every 18.6 people bought a brand new car. 3. In 2017, we bought a lot of cars! 6.2 million new cars were sold and 11.1 million SUVs and light trucks, adding up to approximately 17.3 automobile transactions. 4. New car dealers are expected to bring in 916 billion by 2020, with used car sales following 106.6 billion in sales. 5. Nearly 12 million light passenger vehicles were built in the good ‘ole U.S. of A last year. 6. The auto industry is responsible for about 3 to 3.5% of our entire U.S. gross domestic product.