What’s Hot in Automotive Franchising Right Now?
Recently, an age-old industry record was broken, though you may have missed it if you weren’t paying attention. According to new research from S&P Global Mobility, the average age of cars on U.S. roads is now 12.2 years old. Another study from the same researchers predicts double-digit growth in the commercial vehicle parts aftermarket. This is largely due to the pandemic’s effect on the supply chain, as semiconductor chips and parts inventories suddenly became scarce. The good news? Demand hasn’t waned a bit. America has always had, and still maintains, a love affair with the automobile industry. And thanks to the proven business models and corporate support offered by franchises, entrepreneurs now have an opportunity to capitalize on these market conditions.
A market driven by drivers
When it comes to making idle conversation, inner-city traffic woes are becoming akin to talking about the weather. Many of our most populous areas
